These loans are more expensive and have high interest rates most of the time.If you are purchasing a commercial property (5 units +, storage units, and so on) then you need commercial financing (above options are geared towards residential).

When you say "commercial loan" an you clarify a bit more? 

I personally use private investors to fund all my flip deals and bank financing for commercial buy and hold deals.

We have several loans with NASB which is a big player in this space as well as 2 'HELOC' type of loans from a Private Lender at 80% LTV on a couple of properties that we owned free and clear in our retirement accounts, and used that to put down payments on new properties using commercial non-recourse loans.

The key features that make it more efficient that are hard to replicate else where is that the interest is simple interest similar to commercial loans (rate/365Xbalance daily), there’s a 20 day grace period before the prior period’s accrued interest is billed/added to your balance outstanding so you can keep chipping away at your daily principal balance with your deposits from days 1-19th each month before prior month’s interest is even billed (on the 20th/21st usually).The current CMT or constant maturity treasury index is less volatile than prime index that most heloc’s are based on (most bank commercial lines are based on 3-5 year FHLB + 225-275 BPS or 2.25-2.75% margin).

In Europe where you only have 5 year loans, or in the US with commercial property I could see this happening because your levered costs can change on you.

Does anyone have a good lender/contact for a commercially zoned tourism home?

Being you is what makes you special.Now I'll dive in on another post on SEO Meets REI (Keith/Andy)  Never miss an opportunity to make a great commercial I see.. 😂 

It is a 2 hour drive from the nearest commercial airport.

I am looking to move my real estate agent/auctioneer business into the land niches (agriculture, residential and commercial).