Can I Get 3 Separate Mortgages for 3 (technically separate) Four Unit Buildings

[Jordan Gerkin]

Hi Everyone, 

I hope this is the correct form to post this on. I have maybe an interesting situation/thought. I currently have 3 four-unit buildings under one loan. That is the way I bought them because they were all from the same seller when I bought them. Two of the three buildings sit on the same piece of land that has one tax ID to it. But technically the two buildings have their own address. The third building is on its own piece of land with a separate tax ID. All three of these buildings are laid out the exact same. They are all basically identical to each other. Because I have them under one loan currently, it is a commercial loan and only amortized over 20 years and I have a variable interest rate. My thought and question was, can I get individual loans for each property and since they are under 5 units, get a regular conventional loan amortized over 30 years with a fixed rate? 

I understand there might be many opinions on this and many reasons why each person can argue their case depending on what each person's goals are, so I'm definitely open to hearing anyone's thoughts on what they might do. My thoughts are 1) I will have a fixed rate and not worry about it changing every 5 years thus helping me control my expenses a little better (of course aiming to secure a good rate whenever the rates hopefully come down), and 2) it will be amortized over 30 years and if I get a good rate, then my cash flow should increase by a decent amount. 

Any insight on this would be much appreciated. 

Thanks! 

[Brie Schmidt]

Quote from @Jordan Gerkin:

@Salvador Auciello thanks for the info! I'll send you a message 

 One loan per PIN, so the lot with 1 structure and under 4 units can be financed with a conventional loan and 30 year fixed.  The lot with 2 structures would need to be separated into to PINs to get 30 year conventional financing