Is a Quad Plex Commercial or Residential?

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Posted by Steve B on May 07, 2008 at 10:23:00:

With regard to financing, is a Quad Plex typically considered Commercial or Residential property? Commercial lenders usually fund only 75% of a project in my experience, while I understand that residential lenders may provide better terms.

Another way to ask this question might be: Would you rather buy four Duplexes, two Quads, or one 8-unit apartment building? Why?

Thanks for any insight on this.

Steve B

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