Mixed-use properties are often classified as commercial real estate, despite the fact that they may also include housing. Those looking to finance the acquisition of such a home must instead apply for a business mortgage. Do you want to buy a Mixed-Use building? Do you already have a loan for a Mixed-Use property, but you’re thinking about getting a new one? SteveKnowsLoans is a premier provider of financing for Mixed-Use properties across the country. Expertise in commercial mortgage loans is essential. SteveKnowsLoans understands the unique needs of its business clientele, which is why we maintain a fully staffed commercial loan department, ready to assist you with any commercial mortgage loan needs you may have.
We provide a variety of loans for mixed-use properties, including those with rental revenue.
- Revenue-sharing Properties
- There are no rental properties available.
- residence owned and occupied as an investment
- property that is currently unoccupied and in need of construction funding
Just what is a 100% Income Property? A Full Income Property is one that receives sufficient rental income to cover all of its expenses. And it might be a mixed-use building with both business and residential components.
Define “Partially Income Property.” A mixed-use building, such as one that has retail space and owner-occupied housing, would qualify as a partly Income Property.
An explanation of the term “No Income Property” A No money Property could be the combination of an owner-occupied dwelling with a commercially zoned dwelling used for purposes other than the generation of money, such as a studio for a visual artist or a storage facility. If you own or are looking to buy a Mixed-Use property, we can assist you. For all kinds of Mixed-Use properties, we have cutting-edge loan packages and cost-cutting refinancing choices.
There are many advantages to using our Mixed-Use Property Loans:
- 30 year amortization periods
- Optional 15-year Fixed-Rate Loans
- Options with a 10-year term and a 25-year fully amortized period
- Options with a 7/7 ARM bubble and a fully amortizing duration of 30 years
- Our maximum LTV for loans on Mixed-Use properties is 75%.
- The financing of Mixed-Use Properties owned by an LLC is possible.
- Non-Verification of Income Funding on favorable terms
- Using only the property’s rental income as qualification criteria.
Mixed-use property financing is where SteveKnowsLoans really shines. If you are an owner-occupant, private investor, or limited liability company interested in purchasing a Mixed-Use property or refinancing an existing Mixed-Use loan, please contact us. A member of our commercial real estate finance team will be in touch shortly to assist you. If you work with one of our knowledgeable mortgage loan experts, they will be able to locate a creative lending product that best suits your needs.
Call Steven Jackson at 813-616-9411 now!
