Commercial vs residential financing options
We purchased a 6-plex that is zoned mixed use that needed renovations. The previous owner had residential financing as a 4 plex, even though it clearly wasn't a 4 plex. We are renovating the units into hotel style units with kitchenettes vs full kitchens to list on airbnb. I am wondering if each unit is considered a unit since they don't have a full kitchen ? Or if there is any other financing option, other than commercial for our new business/building. Thank you!