Rental Property Purchase

9 Replies

Looking for an asset based lender in the Maryland area to loan on the purchase of a rental property. The property is a 2 unit (both units currently rented) and is considered mixed use. I’ve reached out to a few lenders and they won’t lend the purchase price because of the mixed use zoning. Looking for any reputable recommendations, thank you!

Is the property mixed use with both commercial and residential purpose? If yes, a commercial loan would be ideal for this types of property. Commercial loan is underwritten again the cash flow of the property.