Mixed-Use
About Mixed-Use Loans
Are you considering investing in a property comprised of multiple units that are zoned for different uses, including residential, commercial, institutional, and industrial?
A great starting point for securing financing is through one of our mixed-use property loan programs.
Mixed-use properties are sought out by business owners and real estate investors alike because they offer several, varied streams of revenue. Both commercial and residential tenants play an important role in how you manage and maximize your return.
Types of Loans
- Government-Backed
Permanent loans with terms ranging from 10 to 30 years, and rates that range from 4.5% to 10%. These loans typically require that at least 51% of the building is occupied by a business.
- Commercial
Commercial loans have repayment terms ranging from 15 to 30 years, and interest rates between 5% to 7%. They typically require that the buildings be in good condition before financing.
- Short Term
There are many varieties of short-term loans, including commercial bridge loans and private money loans. Terms range from 6 months to 6 years, and interest rates range anywhere from 7% to 16%.
- How to figure out the best loan for your property
Contact us today so that we can help you evaluate your business, your goals, and how to determine which loan best suits your needs.
Common Uses for Mixed-Use Loans
- Purchasing
To buy a mixed-use property
- Refinancing
To get cash to stabilize or reposition the property in the market
- Rehab
To be used to rehab or remodel the existing property
- Construction
To construct a new mixed-use building
FAQs
A mixed-use property is a building that is used for multiple reasons such as office space, a warehouse, residential spaces, retail spaces, and others.
When these zones are under one roof it is considered a mixed-use property.
FHA loans are not eligible for mixed-use properties if the commercial space occupies any more than 49% of the property.
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