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Updated over 4 years ago on . Most recent reply

Mixed use property, what are my options?
Hello again bigger pockets, I’ve come across a mixed use property I’m very interested in. Problem is one of the units is a commercial unit used for a gym, the other 3 units are all residential. The square footage for each unit is almost identical. Ivetried doing some online research to figure out my options, but I can afford 5% down tops for what they’re asking. Thanks in advance.
Most Popular Reply

When you are dealing with smaller commercial properties, local banks and credit unions are your best bet for financing. Yes, I have heard of people getting financing with 5% down from local institutions but they had relationships with them prior. Typical down payment is 25%. I would start reaching out in your area and see what you are able to find.