Mixed use property, what are my options?

[Christopher Brown]

Hello again bigger pockets, I’ve come across a mixed use property I’m very interested in. Problem is one of the units is a commercial unit used for a gym, the other 3 units are all residential. The square footage for each unit is almost identical. Ivetried doing some online research to figure out my options, but I can afford 5% down tops for what they’re asking. Thanks in advance.

[Charles Carillo]

@Christopher Brown

When you are dealing with smaller commercial properties, local banks and credit unions are your best bet for financing. Yes, I have heard of people getting financing with 5% down from local institutions but they had relationships with them prior. Typical down payment is 25%. I would start reaching out in your area and see what you are able to find.