Commercial
Real Estate Loans > Commercial Financing on Small Apartment Buildings
Commercial Financing on Small Apartment Buildings
Are
Loans on Fourplexes Considered Commercial Loans?
Fannie
Mae and Freddie Mac will buy loans on homes, duplexes, triplexes,
and fourplexes. These loans are referred to as one-to-four family
dwellings. Loans on one-to-four family dwellings are usually not
considered to be commercial loans.
However,
if an apartment building has five or more units, a loan on such a
property is usually considered to be a commercial loan.
The
terms "commercial loans" and "major loans" are
often used interchangeably by banks. The same loan officers who make
the commercial loans for the bank also make the major loans. Major
loans includes not only commercial loans, but also land development
loans and residential subdivision construction loans.
You
can find hundreds of banks hungry to make commercial loans, land
development loans, and residential subdivision construction loans
on C-Loans: C-Loans
Commercial Mortgage Lender Databank