Updated almost 2 years ago on . Most recent reply
Need some lender advice
What loan products are out there for a commercial mixed use 2-unit property where 1 unit is in need of a total rehab? One unit is an occupied apartment bringing in market rent and the other is an old bar that was closed many years ago due to water damage and was never restored.
It wouldn't be a primary residence, so I can't use a 203k. I would like to do a 20% down DSCR, which would work, but I don't know if that would be acceptable for a mixed use property and/or one that has a unit that needs a full rehab.
Does anyone have some ideas of what financing options I should be considering?