Multifamily Loan Option

[Jay Thomas]

I am looking at a 7 unit multifamly property that has been deconverted into 7 condos with 7 different PINs. They are all under a single roof and currently rented out. Im currious the kind of loan option available for this kind of property. Since this can be treated as 7 different properties, can I get a conventional loan or will this still require a commercial loan?

[Andy Nathan]

Hi there,

Maybe you can do a portfolio loan. It would probably be a commercial-type loan. However, conventional allows up to 10 loans.