Comercial property loan zoned multiple use

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
6y
You'll need a commercial loan. Try calling up local community banks and ask if they do commercial loans.
1 Reply
Charles Stubblefield
OP
Contractor · Talbott, TN · Member since 2019 · 25 posts · 11 votes
6y
@Kevin Luttrell
Thank you
0 Reply
Tom S.
Real Estate Investor · Burlington, VT · Member since 2010 · 2k+ posts · 1k+ votes
6y
@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.
0 Reply
Charles Stubblefield
OP
Contractor · Talbott, TN · Member since 2019 · 25 posts · 11 votes
6y
@Tom S.
Thanks Tom
0 Reply

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