Skip to content
Mortgage Brokers & Lenders

User Stats

18
Posts
3
Votes
Dwight Sands
  • Investor
  • Orlando, FL
3
Votes |
18
Posts

Non-comercial or Commercial Loan

Dwight Sands
  • Investor
  • Orlando, FL
Posted Dec 30 2014, 10:17

We know that a loan for a property with 4 units or less such as a quadplex will be considered a non-commercial loan and a property with more than 4 is commercial. But does that that come with stipulations? In particular a property for sale with say 5 houses on in it...does the fact that they are separate buildings make a difference or is it strictly about the unit number? My initial thought is no.