| Tier II Mixed-Use |
Tier II Mixed-Use Loans
Mixed-use commercial loans usually contain a combination of a commercial building as well as residential living units or apartments, most often office or retail space. Often the living units are above, behind or beside the commercial space. While mixed-use property financing loans are inviting to lenders because of the commercial income that they generate, most lenders are often wary if a high percentage of the property's total income is generated by the commercial side rather than the residential side. We will analyze your mixed-use property loans and financing request for your commercial transaction and assist you in arranging it to maximum advantage in order to generate the widest possible acceptance among lenders. Mixed use properties may consist of apartments and commercial retail stores or offices in the same building. Apartments with a dance studio, fitness center or restaurant in the same building are other examples. Sometimes the are referred to as “creative financing mixed use” loans due to the different types of funding resources available for this type of property. Most conventional commercial lending sources will often turn down commercial requests for smaller loan amounts. Often, even when the borrower's credit is good and the property is sound, the loan is denied because of the loan amount. Unfortunately because of this, a lot of deserving business owners do not get the necessary funding they need. Small Business Capital will work with you to obtain financing that others will not handle. We even offer short term cash advance loans, but regardless of your needs, Small Business Capital can get you the loan you need.
 Funding is arranged through various commercial lenders to provide the overall funds needed for a business to proceed with a start-up, business expansion, or just to make purchases. Our loan amounts for this kind of property usually come in as low as $100,000 to $20 million and up. These properties are qualified based on the income/expense ratio of the property, give us a call and we will gladly talk to you about the options available to you, and your unique situation. You can apply for financing mixed use property loans with Small Business Capital at competitive rates and fees. If these properties are set up properly, they are actually preferred over other types of commercial properties by many lenders. Interest rates and fees are but only two aspects of the many different concerns in obtaining financing for these properties. We will help you decipher all these things and arrive at a program that makes sense for your particular qualifying situation. Contact us for a representative that has years of commercial lending experience. Weather you want to refinance your investment for debt consolidation, purchase a new building or build an addition to you current one, our team will help you design a funding program that is right for you and your organization's financial situation. |