Four Quadplexes = 16 Units (Underwriting/Lender Question)

[Kyu Kim]

Hi All -

I have a series of quads next to each other that is being sold as a package. Would any lender underwrite this as a commercial multifamily deal? 

It is located in Louisville Kentucky. 

Newbie investor here, would appreciate your feedback.

[Eric Van Deman]

Hi @Kyu Kim, I've done this before and the best part of it (in my view) is you can lock in low rate 30-year fixed residential financing on each of them separately while still having a larger complex. The downside is you would initially purchase in your name instead of an LLC to get the residential financing, but could quitclaim them to an LLC down the road. If that option isn't attractive to you, a lender could definitely still underwrite and put together a loan package for all of them as a commercial loan. Best of luck!