Rehab Financing For Multi Unit !!
Newbie in need of advice!!
I've found a couple of companies that do rehab financing for multi unit properties, but none that will do it for commerically zoned multi units.
I have found a great property that is in need of A LOT of work. It has a 3 br unit, a 2 br unit and a store front that can be a 2 floors or a store front and a 1br unit. It is in a good location that is being revitialized by the city.
I am really interested but it needs 30K to 40K in work. One of the units is a carrage house and it is currently rented for 600 per month.
Any creative ideals on financing. 
That is a hard one, its considered multi or mixed use by most financing companies and is a tough type to finance. You will need to get a construction mixed use loan. The interest rates are a little higher and the loan to value is lower, but there are a lot of lenders that will do it. Any company that does a hard money loan will be able to do it. You might want to contact Pherrejon, one of the moderators here, this is his forte'
Good Luck,
Kyle