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Updated over 5 years ago on . Most recent reply

Drew Leonard's profile image
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Drew Leonard
  • Rental Property Investor
  • from Centennial, CO
  • Member since Mar 11, 2019
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Drew Leonard's profile image
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Drew Leonard
  • Rental Property Investor
  • from Centennial, CO
  • Member since Mar 11, 2019
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Drew Leonard
  • Rental Property Investor
  • Centennial, CO
6
Votes |
22
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Multi-Family and Apartment Investing

Converted SFH to MFH Financing

Drew Leonard
  • Rental Property Investor
  • Centennial, CO
Posted

Looking at two properties on a package deal, both 5+ units. They are both converted single family homes, and three years ago were reclassified from Commercial Multi to Multi-Residential according to the County website. I am looking to stick with commercial properties and commercial loans through an LLC. Any experience with this, and can I keep with the commercial route?

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Jeffrey Garcia's profile image
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Jeffrey Garcia
  • Lender
  • from Westlake Village
  • Member since Oct 29, 2018
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Jeffrey Garcia
  • Lender
  • from Westlake Village
  • Member since Oct 29, 2018
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Jeffrey Garcia
  • Lender
  • Westlake Village
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Jeffrey Garcia
  • Lender
  • Westlake Village
Replied

Yes, but you have to make sure each unit now has a Certificate of Occupancy to go along with the zoning and that all public records are up to date with how many units are on each property.

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