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Updated almost 3 years ago on . Most recent reply

User Stats

193
Posts
322
Votes
Nicole (Dunlap) Pendergrass
  • Rental Property Investor
  • Bronx, NY
322
Votes |
193
Posts

Commercial Loans on Residential Multi?

Nicole (Dunlap) Pendergrass
  • Rental Property Investor
  • Bronx, NY
Posted

Does anyone happen to know of lenders that will fund a commercial loan on a residential property (3 units)? Thinking of I/O payments, amortized 25-30 yrs with a balloon in 5-7 years? I know non-QM lending basically shut down, but I've seen some articles that it may be inching back...

If so, what are the normal types of requirements?

Even if the lending is on corona-pause, I'd love for any recommendations for lenders you've used and like! I'll just keep an eye out for when non-QM lending opens back up (not in a rush).

Thanks!

Most Popular Reply

User Stats

193
Posts
322
Votes
Nicole (Dunlap) Pendergrass
  • Rental Property Investor
  • Bronx, NY
322
Votes |
193
Posts
Nicole (Dunlap) Pendergrass
  • Rental Property Investor
  • Bronx, NY
Replied

@Jared Rine Oh man... That's unfortunate but good to know. I figured it would be pretty grim right now. I really appreciate your help, Thank you!

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