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Updated over 6 years ago,
Structuring a Multi-Family Deal Help Needed!!
There is a 10 unit Multi-Family apartment building I want to purchase. The units are split into a 4 unit and 6 unit building. The current survey has the buildings on the same tax parcel. Is it possible to have a new survey done, splitting the 4 unit from the 6 unit and use an FHA loan on the 4 unit which I plan to live in and a commercial loan, or fingers crossed owner financing (I think it would have to be a balance sheet loan) If anyone has any experience with something like this or could get me in touch with a lender that would be GREATLY appreciated!!
If anyone needs more details on the deal I am happy to provide any additional information