Commercial 4 Unit Refinance

[Ian Plocky]

Hey all!

I’m having trouble finding a commercial lender willing to refinance a 4 unit commercial building I’m about to purchase using a hard money loan.

Of the 4 units, 3 are residentially rented, and 1 unit downstairs used to be a grocery store but now is used as office space.

Beyond my inquiry about willing lenders, I’m also curious as to why this is raising red flags otherwise. Can someone help me better understand this? Even though this building has less than 5 units, it is still considered commercial.

TIA

Ian