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yvonnel41
140 Posts |
 Posted - 07/18/2008 : 7:16:15 PM
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Hello:
My client wants to purchase a short sale approved duplex from a bank, and convert the non-conforming unit so the building will be a Triplex.
Lender said he might be able to R/T with No Seasoning, if a Lender will allow it as they are allowing a CC Credit.
It is in CA, and the area is very good.
Can this be considered a Commercial Deal?
He is Self-Employed, 2 years, Can provide Tax Returns, reserves,etc.
Any suggestions would be helpful, and thanks so much!
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mahedward
40 Posts |
Posted - 07/18/2008 : 8:20:01 PM
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I can help with this. Please call at your earliest convenience.
Edward Mah
310 301 0425
mah_edward@yahoo.com |
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EMScommercial
5050 Posts |
Posted - 07/19/2008 : 1:10:10 PM
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| I'd have to pass... don't know anyone that would help.... good luck... have a nice day..... |
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lorie
487 Posts |
Posted - 07/19/2008 : 2:58:01 PM
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A commercial lender will view the property in its current state. A duplex does not qualify as a commercial property. Neither does a triplex.
Lorie
coast investors
305-446-9125 |
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