Chino, CA · Member since 2018 · 16 posts · 2 votes
Hello, I have a question. Can someone direct me in the direction I need to go to get a commercial real estate loan in the state of Arizona for a buy and hold multi family property with 6 units? I know a traditional mortgage is for 4 units or less. This property is 6 units and I don't know how to go about getting financing.
You are right 4 units and below are normal residential.
Above that you are in commercial realm. You can go to any bank for that but talk to the commercial lending folks there. Just know their rates will likely be higher than a community bank.
I do large mfh over 1M loan size to get non recourse Fannie Mae financing.
You are right 4 units and below are normal residential.
Above that you are in commercial realm. You can go to any bank for that but talk to the commercial lending folks there. Just know their rates will likely be higher than a community bank.
I do large mfh over 1M loan size to get non recourse Fannie Mae financing.
You are right 4 units and below are normal residential.
Above that you are in commercial realm. You can go to any bank for that but talk to the commercial lending folks there. Just know their rates will likely be higher than a community bank.
I do large mfh over 1M loan size to get non recourse Fannie Mae financing.
Thank you so much! This helps with pointing me in the right direction.