1 loan or 3 loans on a 3 Duplex Package

[Tyler Gerhold]

Hey BP,

I am currently under contract on a package commercial deal. It is 3 duplexes side by side all on different parcels (6 total units). My lender asked me if I want to do 3 loans or 1. We were initially thinking we would do one loan but the flexibility to sell these duplexes individually later is appealing, as we believe we could sell them for more money that way. My lender said there would be no extra cost to us but this all just sounds to good to be true.

We like the flexibility of having 3 loans (we could sell them as a package or separately over time), but I am wondering if that's the smartest move here. Would the appraisals be different? or the same as if they were all together?

Thank you!

Tyler