Obtaining A commercial loan on a $200,000 property
i'm looking at a six unit property in upstate New York. They're asking $200,000, I need like $300,000 in repair and ARV of like $700,000. The problem I'm running into is that a residential broker won't give me a mortgage due to the factor it's multi family and a commercial mortgage broker is claiming that it's too small for mortgage. Anybody have any ideas how to finance such a deal?