Mixed Use Commercial Loans
Commercial Mortgage Depot (CMD) is a lender in many mixed-use commercial loan projects in New York, New Jersey, Connecticut and Pennsylvania. Speak to our Clifton, NJ team about using mixed-use property loans to finance your property for multiple purposes such as office buildings, retail, residential, or restaurant space. There are so many ways you can benefit from creating a great mixed-use commercial project. Read on to learn more about all the great benefits!
Special Financing Needs of Mixed-Use Properties
At Commercial Mortgage Depot, we understand the special financing needs of a mixed-use property. Often, the space comes with a lot of careful considerations for refurbishing, acquiring, and refinancing. We offer an array of options for mixed commercial and residential funding. In many cases, the property must have greater than five units residential and no more than 40% of income from commercial purposes to qualify for multi-family funds.
Working with CMD for a Mixed-Use Commercial Loan
If you qualify, Commercial Mortgage Depot (CMD) can get you great rates and fast approval for mixed use financing. We offer stated income, bridge, blanket, credit line, rehab, Nationwide Small Balance and other mortgage programs. There are many experts on our staff that can refer you to resources on zoning and planning challenges, depending on your need. In addition, you will get the flexibility you need during your mixed-use project.
Ways to Leverage Mixed-Use Financing
Imagine repurposing your space to have offices on floors one thru three, apartments on floors four to ten, and a roof top restaurant. Many cities are taking away barriers to create this great living and working space environment. Still, you must be certain your space will market and sell for the potential uses. This is where our expertise can help you. We will work to refer you to local market data to understand what sells and what doesn’t.
Perhaps you want to design a building with a commercial kitchen at the base and apartments on the top. The commercial kitchen can serve as a catering training program for up and coming chefs you want to move into the building. There are many ways you can design your mixed-use property to respond to local needs and demand. Let’s say the city is resistant to the type of use you want to provide, that insider knowledge will be useful in designing your loan program.
As you can see, it takes a lot of research and planning to create a viable mixed-use project. We offer fast review and approval of loans and competitive pricing. Commercial Mortgage Depot (CMD) is a direct lender for mixed-use commercial loans in New York, New Jersey, Connecticut and Pennsylvania. Contact us today for fast pre-qualification and review.
