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Updated about 1 month ago, 11/04/2024
Loan options for 155k mixed-used property?
Hi All,
I'm looking to finance a four unit multi-use property. Two store fronts and two apartments.
I don't have exact floor plans, so I'm not sure if it would qualify for the 51% apartment sq. ft. necessary for a mixed use dscr loan.
Even if it does, I'm stuck with the asking price being so low at 155k. The only lenders I'm seeing are way above that as a minimum to finance.
Appreciate any creative financing options.
Thanks!!
Ian