Updated about 8 years ago on . Most recent reply
Two 4plex units or is it 8 unit
Hey everyone,
I was presented a property that has two 4 plex’s on one lot. Would that be considered an 8 unit and would I be eligible for a commercial loan rather than a traditional mortgage loan? If so, then I would have to calculate the value of the property based on its current numbers rather than comps, correct?
I currently dealt with single families and a duplex, I’m trying to learn more about multi families, so any information you can add would be appreciated.