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Updated almost 3 years ago,
8 plex commercial loan
Hi everyone! I am looking to buy 8 units between 3 houses, all side by side. I have never done a commercial loan, so I’m wondering if this would qualify and what a typical loan might look like or require for this type of purchase? Purchase price is 750k, I have private money to use for down payment (how much does a commercial loan usually require for a down payment)? Buildings are all in good condition, no major cap ex anticipated soon.
thank you for the help!
Amanda