Mixed use property loan options

[Kate Granahan]

Hi, I’m highly considering a mixed use building which includes a few residential units and a couple commercial units. What or who do you suggest I speak to or learn from to better understand my options for mortgages?

I’ve already inquired about seller financing however seller is not interested 

[Matthew Morrow]

Hey Kate,

We own a few mixed-use properties (restaurant/apartment combos) in the Lehigh Valley, and they’ve been great investments. However, many lenders and insurance companies are tightening restrictions and premiums for these types of properties. Personally, I love them because they offer built-in diversification.

In my experience, local banks are your best bet for financing mixed-use properties. They’re familiar with the towns, businesses, and, in some cases, even the commercial tenants, which can work in your favor. Feel free to DM me if you’d like to connect and discuss options further!