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Updated over 1 year ago,
Residential Loan on a building zoned commercial?
My fiance and I are renovating an old church that we will turn into a wedding venue/AirBnB. The building is currently zoned commercially. There will be three full bedrooms and a full kitchen
We are looking for creativr financing options to pull our equity back out of the property so we can move on to other projects. Our question is, do you know if we can get a residential loan on a building that is zoned commercial? If possible, we'd love to refinance as a secondary home, as we could definitely stay at the property 14 days a year
Any insight or suggestions would be greatly appreciated