Updated almost 5 years ago on . Most recent reply
Mixed use property or 4-6 unit Property?
Happy New Year All. Im relocating to NYC after I sell my business (hopefully within 3-6 months) . Does anyone know how i can get a loan for mixed-use property or a 4-6 unit residential property? Will these considered commercial loans? If so are the requirements similar to residential loan (up to 4 units)? I cant decide which type is worth the investment. I plan on selling my business so I wont have any stream of income but willing to put a larger down payment. So should I buy a property before selling my business?
Many Thanks,
Andy