Commercial Loans for Mixed Use Properties
Net Equity Financial Mortgage Commercial Financing Division provides commercial real estate mortgage programs for Mixed Use and many other similar property types located in Pennsylvania. At Net Equity Financial Mortgage, we understand the specific financing needs of the borrowers on Mixed Use properties. We are able to provide commercial property loans for the acquisition, refurbishing or refinancing of above average condition Mixed Use properties across Pennsylvania.
Mixed use commercial loans are available for residential and commercial mixed use properties. For properties with 5 or more residential units and no more than 40% of income generated by the commercial space, borrowers are eligible for mixed use financing under our multifamily loan programs.Commercial mixed use properties that have a mixed usage are eligible for financing under our commercial loan program.
Our Mixed Use commercial property loan programs provide borrowers with fast flexible financing options with low rates as well as fast closings. We offer stated income, no document, and full document program options to borrowers depending on their individual requirements and needs.
Learn more about our Mixed Use Financing Programs by selecting a link below or by calling an commercial mortgage professional at 1-800-757-1990 or email us at LoanDept@NetEquityLoans.com
Commercial Residential Mixed Use Program
Our Pennsylvania Mixed Use Commercial Loan program provides competitive, low cost apartment financing for five plus individual multifamily units, mixed-use commercial properties with less than 40% of revenue generated from commercial use.
· Apartment loans from $400k
· Up to 30-year amortization
· 3, 5, 7 and 10 year fixed rate terms
· No yield maintenance or defeasance
· No balloons or call provisions
· Step down prepays
· No replacement reserves
· Up to 75% LTV