18 units on multiple parcels. Lending/valuation implications?

[Jon Ostojic]

What are the implications of separate tax parcels? I have a lead on 4 4plexes next to each other, each is on its own parcel. The owner wants to sell their entire portfolio including those 16 units, and an additional duplex.

So in terms of commercial lending and valuation based on NOI instead of comps, what are the implications? I know I can look for a commercial portfolio loan. But what if I do a value add and try to refinance down the road? Would I be limited to portfolio loans and residential lending, or is there a way to get regular commercial valuations and loans?