Commercial Vs. Residential Loan For Mixed-Use – What are The Legal Aspects And Considerations?

Mixed-use properties are most often present in big cities, but also exist in the suburbs. Composed of at least 2-3 units, they often contain nearly four to eight units, sometimes several more in large projects. It is quite safe to state that all owners of mixed-use properties would like to access to residential financing because the rates of interest are lower & the time to repay is longer than with most commercial loans.

Function

Typically, mixed-use properties have one or maybe two units that are commercial-tail store, office, restaurant, or other little business. The remaining units are usually residential, in Read the rest