Updated about 1 year ago on . Most recent reply
Mixed Use Commercial Loan
Hello, my partners and I are looking to purchase a mixed use property in Syracuse, NY. The purchase price is $275,000 and contains 1 commercial space on the first floor (convenience store) and five apartment units on the second floor. The property is currently 100% occupied. This would be our first purchase of this type and we are looking for some lending options. Any contacts or suggestions would be appreciated.
Thank you!
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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likely going to be a bit too small ($ size) for most DSCR Lenders that do Mixed Use unfortunately



