Residential Mortgage for Mixed Use Property

Financing mixed use properties is a challenge. Each property is unique and can be tenanted, owner occupied or a mix of both.

In some cases it's possible to finance mixed use properties with a residential mortgage.

In order to consider the property under residential mortgage guidelines, lenders will have restriction on the size of commercial component.

Generally, commercial component can not exceed 20% of total area size and 20% of total income the property generates.

Call 647-870-7004 to go over any questions you might have.