Mixed Use Properties
What is a Mixed Use Property?
A property is categorized as Mixed Use when it has a building(s) with combined use for residential, commercial, cultural, institutional, or industrial purposes. Common examples include buildings (large and small) with commercial shops on the bottom floor and residential units above. Hotels and motels my also fall under the Mixed Use category because they are technically commercial, but may have long-term renters which qualifies the building as residential as well.
Unconventional loans on Mixed Use properties tend to be very difficult to obtain through banks due to their high variability and complexity. However, our small team and nearly four decades of experience make us the ideal lenders to help you get your vision up and running, quickly and efficiently.
Western Highland Mortgage is happy to lend on these Mixed Use projects if they fit into our formula. Although the formula varies depending on the size and complexity of the project, we range from 50%-65% Loan-to-Value. Contact Us to discuss the details of your project to see if we are the right fit for you.