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Mortgage for Commercial Property for Personal Use

I'm in the process of purchasing a commercial property for personal use. I plan to lease part of the building to individuals for seasonal vehicle storage to help cover the fixed costs while using the remainder as shop space for my wood and metal working hobbies. Purchase price is 70k, and I already entered a short-term land contract using a single-member LLC where I paid half the purchase price up front and half after 90 days (basically just to get possession quicker while the title work is completed.

It' not going to kill me to just pay cash, but I would prefer to not lock up all that capital if I can avoid it. I rent my residence, so I don't have the option to just take out a home equity loan or something along those lines, so my options would seem to be either an unsecured personal loan, or a commercial mortgage. I have stellar credit and income is ~80k/yr.

Is there any chance any lender would give me a commercial mortgage even though I'm not in business in the traditional sense? Starting to think it might have made more sense to buy a shitty residential property and build a huge garage even though construction cost would have been much higher than purchasing the commercial property.

submitted by /u/me3head
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source https://www.reddit.com/r/RealEstate/comments/dpxdz1/mortgage_for_commercial_property_for_personal_use/
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