Comercial property loan zoned multiple use

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Comercial property loan zoned multiple use

Charles Stubblefield
Contractor · Talbott, TN · Member since 2019 · 25 posts · 11 votes

What kind of loan should I look for on a property that is zoned multiple use comercial.

They are asking 59000 for it and has a old store that needs work to it and appartment up stairs and a mobile home on almost 3 acres of land

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  • Kevin Luttrell
    Lender · Orange County, CA · Member since 2019 · 299 posts · 255 votes
    7y

    You'll need a commercial loan. Try calling up local community banks and ask if they do commercial loans. 

    1Reply
  • Charles Stubblefield
    OP
    Contractor · Talbott, TN · Member since 2019 · 25 posts · 11 votes
    7y

    @Kevin Luttrell

    Thank you

    0Reply
  • Tom S.
    Real Estate Investor · Burlington, VT · Member since 2010 · 2k+ posts · 1k+ votes
    7y

    @Charles Stubblefield  As Kevin mentioned, local bank, ideally one that knows the subject property.  They may be able to advance purchase + rehab funds in one loan, as it sounds like it needs work.

    0Reply
  • Charles Stubblefield
    OP
    Contractor · Talbott, TN · Member since 2019 · 25 posts · 11 votes
    7y

    @Tom S.

    Thanks Tom

    0Reply
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