Many residential mortgage lenders will not finance a building that has a commercial and residential component. We offer financing on mixed use properties, allowing for up to two commercial units and up to six total units.
- Tax returns are not required
- Income calculation is 110% debt service coverage on subject property only
- Properties must have both commercial and residential components
- Property can have 2 – 6 units; either 1 or 2 units must be commercial
- Minimum 620 FICO
- Up to 80% LTV with 740 FICO
- Loan amounts up to $4 Million; higher by exception
- Foreign nationals allowed
Perfect for buyers of mixed use properties seeking simple and straightforward financing who do not meet the criteria of most traditional banks.