Either way, US Commercial is going to charge 2 points and a $450 processing fee. 

Since I list some of my (very few - I only have 3 residential units and my commercial ones are all managed by others) units every 2-3 years, I forget how to do it, and even standard operating procedures change a lot at that frequency, rendering them much less useful.

I’m actually in the Commercial Syndication space in real estate and have just recently wrote up a Detailed Market Analysis of Mobile, AL to better help my passive investors get a sense of what market they are getting into when investing with me and I’ll attach it here for you! 

A couple of them are big time investors these days with over 40 houses each and have moved up to STRs and commercial properties.Find someone that will share their opinions and suggestions and it'll help keep you motivated to get through the starting period. 

Do you have a relationship with a local commercial banker?  

I can connect you with my guy he does all of our properties, What kind of property is it, commercial or residential?

Fannie and Freddie will not originate loans into an LLC, last I checked, so you will be on the commercial side of any bank you work with.  

The front side is better valued with commercial business.  

@Kon Zel I have experience in commercial multifamily in Memphis: my first deal there was 80 units, and now co-sponsor in 1000+ units.

The difference and con is this house is at the end of a street that both backs up to the rear of a commercial store and is very near a busy highway.