Long-term real estate investors
First-time investors using house-hack strategy
Developers acquiring or improving apartment buildings
Real estate syndicators and partnerships
2–4 Units: Often classified as residential (can qualify for conventional loans)
5+ Units: Considered commercial real estate (requires commercial financing)
Great for house-hacking (live in one unit, rent the others). Investors use these loans to purchase income-generating properties (5+ units). To lower rates, pull equity, or restructure debt