Mixed Use Property Mortgage
Scott Assouline negotiated this transaction. A new mortgage of $10,000,000 was placed on a mixed-use property totaling 55 units located on Webb Avenue in Bronx, NY. The loan features a rate of 3.88%.
Many people don't realize that even though mixed-use properties may have a residential component, they're typically considered to be commercial real estate.
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Mixed Use Loans: The Ultimate Guide on Financing a Mixed Use. – Short-term mixed use loans are typically non-permanent real estate financing used to purchase and renovate a mixed use property before refinancing to a permanent mortgage at a later date. Short-term mixed use loans include bridge loans, construction loans, as well as hard money loans.
Are you Eligible for an FHA Mixed Use Mortgage? A mixed use property is an establishment that houses both a residential and a commercial unit under a single roof. If you own such a property or are considering owning one, you will want to read this.
Commercial Property Equity Loan NEW YORK, April 23, 2019 (globe newswire) — Greystone, a leading commercial real estate lending. “This loan was a strategic refinancing allowing the owner to add further value to the asset while.
Mixed use commercial mortgages and loans by Commercial Loan Direct. Our Company strives to offer the lowest commercial mortgage rates in the marketplace.
Property consisting of mixed use would typically be pubs with a self-contained residential living area, flats above shops, guest houses with owners accommodation, HMO’s with a retail unit and holiday parks with residential accommodation. Semi commercial mortgages are available for both freehold and lease hold properties.
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Mortgage for Mixed Use Property Mixed use buildings typically have a retail store on the first floor (commercial component) and apartments on the second/third floors (residential component). mixed use properties are considered to be commercial real estate and require commercial mortgage financing, even though they are part residential.
Mixed Use Property Mortgages & Semi commercial property mortgages. Mixed Use or Semi-Commercial property is a unit which has some element of both commercial and residential use. Typically these are shops with flats above, pubs with accommodation or live-work studios. The most common form is the commercial ground floor with residential units above.
Commercial Loans for Mixed Use Properties. Our Mixed Use commercial property loan programs provide borrowers with fast flexible financing options with low rates and no points. We offer stated income, no document, and full document program options to borrowers depending on their individual requirements and needs.