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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingBanks are only offering commercial loans on my 2 family refinance
Paul DeSilva's profile image
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Paul DeSilva
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  • Investor
  • from New York, NY
  • Member since Jun 11, 2017
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Paul DeSilva's profile image
Paul DeSilva's profile image
Paul DeSilva
Pro Member
  • Investor
  • from New York, NY
  • Member since Jun 11, 2017
Connect
Paul DeSilva
Pro Member
  • Investor
  • New York, NY
252
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147
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Multi-Family and Apartment Investing

Banks are only offering commercial loans on my 2 family refinance

Paul DeSilva
Pro Member
  • Investor
  • New York, NY
Posted Feb 16 2018, 17:20

I'm trying to BRRRR a two-family I recently purchased. I'm almost to the refinance part and started shopping around for loans, so far the banks that I have spoke to are only offering commercial loans. They are saying it has to be commercial because it is not owner occupied. Is this the norm? Are there better options? TIA

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