Posted by Lux Lending Group on May 08, 2008 at 18:59:10:
In Reply to: Is a Quad Plex Commercial or Residential? posted by Steve B on May 07, 2008 at 10:23:00:
Steve that Quad is probably going to be considered commercial. You cound probably get a loan up to 80% depending on your circumstances as a commercial applicant. Residential underwriting standards are super tough righ now, money seems to be flowing to business and commercial lending and fleeing residential. Choose commercial, looks good now will have enduring value through the rest of this downturn.
Ferris Anderson