Updated over 14 years ago on . Most recent reply
Mortgage options for 5-unit building
I am looking at purchasing a 5 unit property in the City of Atlanta.
Want to understand how different a commercial loan is versus conventional financing.
Purchase price will be $300K. It is a short sale. I can put down 30% if necessary and have excellent credit.
Initially looking at it commercial mortgage looks to be signficantly more expensive then conventional financing on a comparative quadplex.
Interested in getting some general figures for commercial loans in my scenario. Thanks.