I also showed him photos of the toe kick area where he supposedly went out and got new materials but the ‘custom’ toe kick is only in one area – this is because they used materials I provided (we had a damaged cabinet) where they just cut it to size and put in place.

In other words, the size of the loan can expand and contract to fit your needs. 

Make sure you understand the lenders requirements on property condition and then map out your financial model.How much will the property cost.Type of home, size in SF and bed/bath rooms. 

Just because it's 4 units doesn't mean they are comparable in many regards; style, size, not to mention condition or location.Stephanie

Expect a rate in the 6's for a loan of that size with minimal origination and a low/no doc fixed rate loan.  

@James York Hi James, What size and quality level house are you building in Concord?

Below are two charts.

I don’t think you’ll find a loan (all commercial loans at that size) that will let you officially owner occupy this thing.

to me there are credit lines and then there are credit lines.IE the vast majority have a heloc on their personal home or maybe a rental.. with a credit union local bank big bank etc.then you have credit Lines that are unsecured for business purposes .I have not heard of credit lines being frozen yet.. but I sure saw it a ton in the GFC.. and very few folks that get them on their personal resi or a rental.. actually read the fine print and therefor are shocked when they go to access their heloc for this deal they want and its frozen.our facilities are on one year terms with a mandatory 30 day rest per 12 months.. its been that way for me for 20 some years LOL.. mine are unsecured and of decent size i am not talking 50 to 100k..

@Anthony Fazekas20% down seems to low on a property this size. 25-30% down would be solid for any lender.