Mortgage on a Rehab for New Investors

[Darius Inge]

As new investors will we be able to receive a conventional mortgage on an expensive commercial property that needs to be rehabbed? The property is about $300k and the city will reimburse 50% of the cost to fix the place up. 

There is also another property around the same price that is partially rehabbed and the rest will have to be done by the buyer.