| Mixed-Use |
Tier One Mixed-Use Loans
Mixed-use commercial properties typically consist of a combination of residential living units/apartments, and office or retail space; often the residential units are located above, behind or beside the commercial space. The primary use of the property must be for residential purposes in order to be classified as Tier I Mixed-Use. If the primary use of the property is commercial then it is Tier II Mixed-Use. Some examples are apartments with a dance studio, fitness center or restaurant within the same building. This type of property is qualified based on the Net Operating Income (NOI) of the property. While mixed-use property financing loans (sometimes referred to as "creative financing mixed use loans") are inviting to lenders because of the commercial income that they generate, most lenders are often hesitant if a high percentage of the property's total income is generated by the commercial space rather than the residential space. Most conventional commercial lending sources will often turn down smaller loan amounts, regardless of whether the borrower's credit is good and the property is sound. As a result, a lot of deserving business owners may not get the necessary funding they need. Small Business Capital will work with you to obtain financing that other lenders will not handle. Our loan amounts for this kind of property usually range from $100,000 and higher. We will analyze your mixed-use commercial property loan request and assist you in arranging it to your advantage in order to maximize acceptance among lenders.  Contact us for a experienced commercial loan representative to assist you. Whether you want to refinance your property for debt consolidation, purchase a new building or build an addition to the existing building, our team will help you find a funding program that is right for you and your organization's financial situation. Download: Full-Doc Loan Application Download: Stated Income Loan Application and Download: Loan Supplement Form |