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HomeForumsBuying & Selling Real EstateCan I get a commercial loan?
Crystal An's profile image
Crystal An's profile image
Crystal An
  • Rental Property Investor
  • from San Jose, CA
  • Member since Sep 22, 2019
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Crystal An's profile image
Crystal An's profile image
Crystal An
  • Rental Property Investor
  • from San Jose, CA
  • Member since Sep 22, 2019
Connect
Crystal An
  • Rental Property Investor
  • San Jose, CA
14
Votes |
15
Posts
Buying & Selling Real Estate

Can I get a commercial loan?

Crystal An
  • Rental Property Investor
  • San Jose, CA
Posted Feb 4 2020, 15:00

Hi BiggerPockets! If there's anyone that's familiar with commercial lending, I'd love to get your expertise. I'm looking to purchase a duplex with a giant lot that is zoned as multifamily. The initial purchase will be with a standard loan with 20% downpayment. 

However, we are looking to build a couple more units in the lot (with permits) so that it will be 10 units. Does this automatically qualify the property for a commercial loan when we refinance? Or are there additional considerations we should be aware of that would prevent this?

Thanks in advance! 

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