Mixed Use Financing

Mixed-use property typically contains a combination of commercial (most often retail) space as well as residential units. Although mixed-use properties are appealing to property owners because of the commercial income that they generate, Lenders are often uneasy if too high a percentage of a property's total income is generated by the commercial rather than the residential component. Winter & Company will analyze your mixed-use property transaction and help you position it to maximum advantage in order to generate the widest possible appeal among the target group of Lenders.

Mixed use property may consist of apartments and retail stores in the same building, or apartments with dance studio or fitness center in the same buiilding. Most banks and other conventional lending sources all over the country often turn down small amount loan requests for mixed use property financing. Many times the borrower's credit is good and the property is sound and well-occupied. They just don't want to handle a small loan. Because of this many deserving business people do not get necessary loans. Barclay Associates will work with you to close that small mixed use property financing that others will not handle.

Geographic Region: Nationwide
Loan function: Loans for purchase, refinance and cash outs of Mixed use properties.
Rates: Very competitive - Call for quote.
FICO score: Mixed use property small loans require a 575 minimum FICO score.
Loan type: Fixed and adjustable loan types available.
Amortization period: Up to 20 years.
Loan-to-Value ratio (LTV): Mixed use property financing - Up to 75 % LTV.
Subordinated debt: Seller take back (2nd) position allowed up to 90% (CLTV).
Buyer down payment: As little as 10% with seller take back.
Collateral: Mixed use property. First position lien only.
Appraisal: MAI appraisal required (Lender prefers to order appraisal).
Environmental insurance: Required on all properties.
Recourse: Mixed use property financings require full recourse to the borrower.
Fast Commitment and Closing - In most cases, a firm financing commitment is issued within 4 days after receipt of all required documentation from borrower. Quick closings.