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Updated over 4 years ago on . Most recent reply

User Stats

3
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0
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Brandon Petersen
  • Flipper
  • Grand Junction, CO
0
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3
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Commercial vs residential financing options

Brandon Petersen
  • Flipper
  • Grand Junction, CO
Posted

We purchased a 6-plex that is zoned mixed use that needed renovations.  The previous owner had residential financing as a 4 plex, even though it clearly wasn't a 4 plex.  We are renovating the units into hotel style units with kitchenettes vs full kitchens to list on airbnb.  I am wondering if each unit is considered a unit since they don't have a full kitchen ?  Or if there is any other financing option, other than commercial for our new business/building.   Thank you! 

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