Mixed Use Real Estate Loans
Private Money Loans & Hard Money Loans As Low As 7%, Up To 80% LTV, $100k to $35 Million, EZ Qualify! Mixed Use Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing.
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Mixed-Use Properties Are One of Our Specialties
Buying a mixed-use property can be very exciting. It offers you the opportunity to use one property for commercial and residential purposes. Unfortunately, it presents a bevy of problems when it comes to securing financing â€“ especially if you’re looking to go with traditional lenders.
Because obtaining mixed-use commercial loans has become so difficult, many would be investors are shying away from the potential these properties represent â€“ even as they rise in popularity in urban communities and small towns alike. We offer a sensible solution for your mixed-use property mortgage needs in the form of hard money loans. Before you understand the value of hard money lending for mixed-use purposes, you must understand the problem with getting these loans through more traditional venues.
What’s the Big Deal About Mixed Use Property Loans?
Traditional banks like nice and tidy loan applications and purchasing purposes. Mixed-use properties throw a monkey wrench into the entire solution.
The first hurdle is the fact that the property if often zoned, at least partially, for commercial use. This means you’ll have difficulty securing a residential loan for the mixed-use property.
The next obstacle to overcome is the fact that banks are reluctant to lend for investment properties. Even if youâ€™ll be living in the property, the fact that it is also a commercial use property gives lenders pause and may result in added scrutiny when reviewing your loan application if the bank is even willing to consider it at all.
Finally, the idea of a mixed-use mortgage is still new and foreign to many lenders and the banking industry is the slowest to embrace change.
What this means for you, though, is that you might need to think outside the box when it comes to securing funding for your mixed use investment property.
The Hard Money Solution for Mixed Use Property Loans
Hard money loans offer sensible solutions for investors interested in mixed-use investments. These mixed-use loans are not based on creditworthiness, solid business plans, or other factors traditional banks typically look for. Instead, they are based on the value of the property used to secure the loan.
There are several benefits to consider when it comes to mixed use property loans from hard money lenders, including those listed below:
typically one to five years rather than 30 means lower interest paid out over the life of the loan despite the fact that the interest rates are often higher than with traditional loans.
this means you can be in business much quicker.
because mixed-use mortgage loans are often through hard money lenders you’ll be able to enjoy greater flexibility when it comes to repayment terms and conditions.
one thing that really sets hard money lenders, like we offer, apart from banks is the focus on the value of the collateral. Hard money lenders are generally willing to lend the full value of the property rather than requiring huge down payments.
Mixed-use loans from hard money lenders may have higher interest rates but they offer flexibility and approvals that are rarely possible with traditional lenders â€“ giving you the opportunity to earn a favorable return on your investment that might not otherwise be possible.
Mixed use property financing is not an impossible dream. In fact, it is very achievable â€“ if you know where to look. We connect people in need of funds to invest in properties with mixed-use residential loan providers â€“ allowing you to have your cake and eat it, too! From an investment standpoint, of course. Contact us today to learn more about how we can help you get the funding you need for your mixed-use property investment.
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Loans are offered under either: California Bureau of Real Estate License 01897444 or California Finance Lender License 6054605
Mortgage Loan Originator, NMLS license no. 945582