Updated over 1 year ago on . Most recent reply
Refinance Lenders for Mixed Used Space
I have a mixed used property in philadelphia, 1st floor is retail, 2nd floor is a 3/1 apartment. Any recommendations for a cash-out refi lender? The ones I typically use only do residential.
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Philadelphia, Pennsylvania
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Generally just need to see 51% of the building square footage be residential and then you could use a DSCR loan and underwrite with the combined residential and commercial income of the property.