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Updated over 4 years ago,

Anthu Tam's profile image
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Anthu Tam
  • Member since Nov 30, 2019
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18
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Anthu Tam's profile image
Anthu Tam's profile image
Anthu Tam
  • Member since Nov 30, 2019
Connect
Anthu Tam
3
Votes |
18
Posts
Buying & Selling Real Estate

Is a 12 unit multifamily considered commercial property?

Anthu Tam
Posted

I am looking into a 12 unit multi-family property and one of my know lender tells that i need a commercial loan. Being new to commercial loans - is there a requirement that will classify a property as commercial? If yes, can you share any lenders offering the loans along with disadvantages with a commercial loan/property or things to watch out for when buying a multi-family property like this?

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