Biddle Mansion

Anxiety and dread vs. Ballrooms and river views.

This is what I’ve learned:  Mortgage regulations for muli-family properties have changed drastically since the finance debacle/economic explosion. Any property over 4 units automatically requires a commercial loan—regardless of whether it’s a commercial property.  So, at 7 units, this house is well into that territory.  And?  Commercial loans require 30% down. Plus?  Banks in our(…)