Hi Mike, thank you for your reply. I have an agent working with me but was referring me to commercial lenders. I will like to do this with a lender that wont charge fees. can you please send me the lender contact if you don't mind. ThanksYes. One lender in Ontario to my knowledge. Everyone else treats above fourplex as commerical. Is your REALTOR helping you with your purchase? Mike
Email me direct - [email protected] and I will make an outreach to the mortgage specialist. Cheers, MikeGreetings!
Is anyone aware of lenders that will qualify a 6-plex under the residential guidelines as opposed to commercial. I would like to avoid all the extra cost that are involved in getting a commercial mortgage. Thanks!
Greetings!
Is anyone aware of lenders that will qualify a 6-plex under the residential guidelines as opposed to commercial. I would like to avoid all the extra cost that are involved in getting a commercial mortgage. Thanks!
Greetings!
Is anyone aware of lenders that will qualify a 6-plex under the residential guidelines as opposed to commercial. I would like to avoid all the extra cost that are involved in getting a commercial mortgage. Thanks!
Yes , just call Rbc directly , they will do up to 6 units. Usually with 25% down and of course they will want to see the numbers and it needs to cash flow.Greetings!
Is anyone aware of lenders that will qualify a 6-plex under the residential guidelines as opposed to commercial. I would like to avoid all the extra cost that are involved in getting a commercial mortgage. Thanks!