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Updated over 1 year ago on . Most recent reply

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Cat Bauer
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Commercial financing for primary residence?

Cat Bauer
Posted

I'm evaluating a property that is a portfolio of 8 condos in a community. It classifies as a commercial property. If I use one of the units as a primary residence, can it still be financed with 5% down, since it's technically commercial? What other financing options would be viable for a situation like this? The rent roll covers the monthly mortgage.

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