Updated about 10 years ago on . Most recent reply
Commerical loan for 10 unit multi family?
I'm looking at a 10 unit apartment building in WA that might be a good deal. What exactly does the financing process for commercial look like vs residential? I've done residential up to this point but I hear that anything over four units is commercial. Does that entail a higher interest rate, if so, what are the typical rates? Higher closing costs, if so, by how much typically? I take it for commercial the evaluate the rents of the property not just my income.