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Updated 6 months ago on . Most recent reply

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Ian Woods
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Loan options for 155k mixed-used property?

Ian Woods
Posted

Hi All,

I'm looking to finance a four unit multi-use property. Two store fronts and two apartments. 

I don't have exact floor plans, so I'm not sure if it would qualify for the 51% apartment sq. ft. necessary for a mixed use dscr loan. 

Even if it does, I'm stuck with the asking price being so low at 155k. The only lenders I'm seeing are way above that as a minimum to finance.

Appreciate any creative financing options.

Thanks!!

Ian

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