Non Conforming, Grandfathered Negatives?

[Matthew Lindsey]

Hi,

I’m looking at a off market property. Well it’s actually three different parcels with three duplexes on each parcel for a total of 9 duplexes. They were built before planning and zoning come into play. Built in the late 80’s to late 90’s. The city no longer allows the building of new multi family. These are zoned for single family but are grandfathered in. It would have to be a commercial loan being each parcel has 6 units on it. Does this hurt the resale value or future refinance deals? Does this worry seasoned investors? When you do a commercial loan does non conforming come into play. I read on here about people having issues with non commercial loans. Please let me know your opinions. Thanks