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Looking for a bank that will loan for a property that needs work (plumbing, electric, C of O change 3fam + store to 2 family). Love the property but it’s frought with financing challenges. I try to be upfront with my financing needs but I am finding a lot of different loan names for the type of loan I need vs what lenders are willing to offer. I see all the renovation occuring around the neighborhood and I am wondering – how the heck are you getting financing and who are you using? Thus far WAMU does not handle these types of loans, the SunTrust recommendation is no longer with the company, Commerce wants to do a commercial loan with a sizeable downpayment, Bofa has had no response and Chase wants an arm and a leg just to fill out the application. I’d even consider a mortgage broker (not my first choice) but I’d like to exhaust my resources first. I know it’s a tough marketplace so any advice, helpful hints are appreciated. Maybe I am being to upfront about the amount of renovation that needs to happen? And what do you call these types of loans? I was told a “Rehab”, “construction”, Purchase + Renovate but they all mean different things to different lenders.