Talk to some professionals about transferring the property to yourself personally, establishing a lien with the s corp, and then rate term refinancing with favorable conforming loans.

At Refi time, if you're going with a typical lender who originates conforming loans, the bad news is that you'll have to hold on to the property for 6 mo's before you can do a 75% LTV cash-out Refi. 

One concern is that parking requirements, not the headline density limit, may ultimately be what limits your project's scope.I've recommended this elsewhere, but page 20 of this book has a clever design for a 4-unit + live/work, whose construction can be financed with a single-close conforming residential mortgage. http://www.cneinc.org/missingmiddleNote that there's residential on the back of the ground floor; some zoning codes don't like this, but without it you'll have to build an elevator, which raises costs substantially.

You may be 'existing non-conforming' (grandfathered) on the elevator standard (i.e. size or location ect), but something begin broken and never fixed doesn't make it grandfathered.

Always have done what was right to make sure property conforms to a high standard and is desirable.

Hi BP,I’m looking to acquire a non conforming duplex in Spokane Washington.

Because of the double close, no Fannie conforming lender would be able to assist us since they have to deal with the actual owner on the deed.  

But I know many people that buy non conforming SFHs converted into 3-5 units for 600-1m and do well.

I have a 2 part question: 1. Can you refinance a non confirming loan (its currently a 7 year balloon) We will full payment in 5-6 more years. If yo can refi, any suggestions on with whom? 2. I want o take my old 401k...

Account Closed many of these properties are non-conforming from an underwriting standpoint.