Loans for commercial triplex

[Prasad J.]

Hello all, Do residential mortgage lenders also do triplexes with 1-2 commercial units like offices etc. How is the lending process different? What is the normal closing time for conventional financing , I know it's like 4 weeks for SFRs. I'm looking at a property where the seller wants to close in 5 weeks , else I loose a pretty hefty earnest money. I would only be able to order appraisal next week since inspection can only happen at end of the week. Am I taking too much risk by accepting these terms? One of my concern was, if one of the lender doesn't accept at the time of underwriting , I may not have sufficient time to work with next one. Also, is the time taken by title company more than what is for SFRs? Even though we asked for 7 weeks to close the seller insists on 5 weeks. There are other offers on plate, so I'm in a dilemma as to how to handle this. Please suggest what are my best options here