I currently owe a mixed use property which has a commercial on the first floor and two residential units on the upper floors, i live in one of residential unit so that would consider an owner occupied property.

Just to give an idea, we are looking to build 42 units around 600sft 1+ bed room units and 2 commercial place, total sqft is coming around 42k.

I’m a controller for a large commercial contractor and we have some very large projects in Utica.

IMO subject to transaction work better with commercial property than residential; and better with residential investment property than residential owner occupied. 

 Does any one have a lender that can do less than 20 percent on a commercial property in Alabama 

Can someone provide some insight on how you structure your commercials loans?

So with commercial projects or MF they cant just DOUBLE the rent to keep proforma on target.  

I watched your commercial.

The town treats it as a commercial lodging property so it's exempt from heavy-handed local STR restrictions.The sellers have been open for biz only part time in their retirement.  

My preparer reached out to the ONE guy more familiar with commercial knowledge at another local office, and the following method isn't quite what Mr.