Refi as a SFR or wait unitl it is constructed to a 2 unit Multi

[Chris Paez]

To refi now or wait...

I am at a point where I am about to refi a rental property in Reseda, California that is undergoing construction of a garage conversion to a ADU. Im wondering if it would be better to refi now while it is a SFR or wait until it is complete and rented out as a 2 unit property? Is there benefits to loans for small multis cashflowing $750 per month. Or is there perks to getting the refi done in its current single family state. Thanks in advance!

[Chris Paez]

just got off the phone with a local bank and thats it. It's not considered multi... which has a slight benefit for refi. But either way it gets the rates of a non occupied rental. Thank you! @Derrick Aragon