Mixed use property loans are a specialty for K2 Commercial Finance.
Mixed-use properties must contain at least one commercial unit (retail, office etc.) and at least one residential unit. Common types of mixed-use properties include a ground floor retail or office unit with apartments above, all within the same building.
The primary use at the property must be for residential purposes in order for it to be considered Tier 1 mixed-use. The mixed-use property can be classified in any tier depending on the percentage of the multi-family component and the type of commercial use.
K2 Commercial Finance has many loan programs available for your mixed-use property mortgage requirement. Based on the size of your Commercial Mortgage purchase or refinance requirement, your credit and the nature of the propery, we will custom design a commercial mortgage that meets your needs.
We will work with you to create the strongest possible loan submission package, highlighting the strengths of your property with respect to its local market and specific location attributes, as well as favorable property conditions and characteristics. This speeds up the Loan process and gets our clients the best possible terms and highest possible offers.
K2 Commercial Finance also has a unique method of normalizing Mixed Use Property income and positioning expense considerations that helps our lenders provide the best possible loan offers in the shortest amount of time.
When you have a requirement for mixed use property loans to purchase or refinance a mixed use property, make sure to work with a Commercial Mortgage Planning Specialist that understands this particular market niche. The difference between a good loan and the BEST possible loan could mean tens of thousands of income to you over the years!
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