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Mixed-Use Loans

What are Mixed-Use Loans?

Real estate investors use mixed-use loans to finance buildings that are used for a combined purpose. Mixed-use buildings are zoned for multiple uses, including residential, commercial, industrial, or institutional. Mixed-use loans can be short-term or long-term, with terms ranging between six months and 30 years.

Mixed-Use Loan Eligibility

In order to qualify for a commercial mixed-use loan, there are certain criteria that you must meet. Because this is a commercial loan, there is no requirement for occupancy, but you will need to meet the following requirements:

Down Payment

Lenders will expect at least 25% down payment and the addition of property insurance

LTV

LTV Ratio of 75%

Debt-Service Coverage Ratio

A debt-service coverage ratio (DSCR) of 1.25 or higher

Business Credit Score

Lenders will check your business credit score but also require a personal credit score minimum between 660 and 680

Business History

Minimum of two years in business

Collateral

Depending on the scenario, lenders may require additional collateral.

Interested in Commercial Mixed-Use Loans?

If you are considering funding for Mixed-Use project, it is important to speak with one of our loan specialists to compare the benefits and drawbacks of the many commercial financing options available.

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