Steps to buy a storefront and housing - how to finance?

[Rachael A. Tanner]

I have stumbled on an awesome 5 bedroom unit over a commercial storefront. This is perfect as we have been exploring opening a storefront. So this would help advance both of our goals. Does anyone have experience with these types of buildings? Specifically, do lenders understand this to be a commercial building and evaluate the deal based on the commercial storefront? Or do they look at the housing component more? Any advice or insight on how these types of buildings are evaluated would be helpful. Thanks!

[Stephen Brown]

Hello Rachael! From my understanding this would be a commercial investment and therefore you'd need property financials for the commercial loan. :) Let me know if you need anything else!