© LOAN PROGRAMS PRODUCT 13 OF 20
Financing for stabilized mixed-use buildings of 5 to 8 units, apartments over retail or office, at up to 70% LTV and rates from 7.90% private and 6.00% institutional, on terms of 1, 2, 3 and 15 years with amortization out to 25 years. Purchase, refinance and cash out.
REQUIREMENTS
BENEFITS
© COMMERCIAL LOANS PRODUCT 13 OF 20
A mixed-use building confuses most lenders because it is two asset classes stacked on top of each other. A residential underwriter sees a storefront and stops; a commercial underwriter sees apartments and reprices. This card is written for exactly that shape: stabilized apartment space with retail or office, in the 5 to 8 unit band.
The published terms are up to 70% LTV and rates from 7.90% private and 6.00% institutional, on terms of 1, 2, 3 and 15 years with amortization out to 25 years. The card names purchase, refinance and cash out refinance programs as all available, so the same structure covers acquiring the building, replacing a maturing loan and pulling equity back out of one that has appreciated.
Two eligibility lines are worth reading closely. The location requirement is a metro area of 250k or more people, the same test as the multi-family card. And property age carries no restriction at all, which matters because the buildings that hold this shape are usually old: a 1920s main street block with four flats above two shops is a normal file here rather than an exception. Flexible credit parameters are published as a benefit.
Flexible financing for mixed-use properties with 5-8 units. Purchase, refinance, and cash out refinance programs available. Hybrid loan terms, flexible credit, and high loan amounts for stabilized properties in major metro areas.
Loan Goat, on mixed-use loans for 5-8 unit properties
Terms, requirements and benefits on this page are printed exactly as Loan Goat publishes them.
© THE COMPARISON 3 PRODUCTS IN THIS PROGRAM
Same rates, same leverage and the same terms as the multi-family card; the difference is the ground floor. Where the building is purely residential or purely commercial, one of the neighbours is the better card.
Pure apartment buildings from 2 to 200 units on the same published terms.
Pure commercial on the same published terms, flexible on rollover risk and month-to-month tenancy.
Mixed use on the rental program: up to 80% LTV from 6.50% on the Non-QM tier, on 5, 7, 30 or 40 year fixed terms.
A mixed-use building that is not yet stabilized: up to 70% LTV on commercial over one or two years to $25,000,000.
Every figure below is the one printed on that product's live terms card. Rates and pricing are subject to change and are not a commitment to lend.
| Product | Rates | LTV Up To | Terms |
|---|---|---|---|
| MULTI-FAMILY LOANS | From 7.90% private, 6.00% institutional | 70% | 1, 2, 3 and 15 year |
| MIXED-USE LOANS FOR 5-8 UNIT PROPERTIES | From 7.90% private, 6.00% institutional | 70% | 1, 2, 3 and 15 year |
| RETAIL, OFFICE & INDUSTRIAL PROPERTY LOANS | From 7.90% private, 6.00% institutional | 70% | 1, 2, 3 and 15 year |
WHO IT IS FOR · 02
Owners and buyers of stabilized 5 to 8 unit buildings that combine apartments with retail or office space, in metropolitan markets, who are tired of being quoted as if the building were only half of what it is.
OUR PROCESS · 03
The four steps. On a mixed-use file the documentation step covers both halves of the building, the residential leases and the commercial ones, and the Letter of Intent fixes the terms before third-party work is ordered.
© PROPERTY TYPES AS PRINTED ON THE TERMS CARD
Stabilized apartment space with retail or office, five to eight units, any age, in a metro of 250k or more. The mixed-use property page sets out how Loan Goat reads the asset class in full.
© MIXED-USE LOANS FOR 5-8 UNIT PROPERTIES
THE BUILDING THAT IS TWO BUILDINGS, UNDERWRITTEN AS BOTH.
PUBLISHED TERMS
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
This is my first experience dealing with Milad Shamoun & Blair Noble at Loan Goat. Very professional, accommodating and focused on obtaining results. Over my years I have dealt with various types of Intuitional and Private Lenders. Loan Goat stacks up with the best.
As a business owner traditional lending doesn't fit my finances, which is why Loan Goat is a godsend. They are able to work with you, understand what you're trying to do and get it done.
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
This is my first experience dealing with Milad Shamoun & Blair Noble at Loan Goat. Very professional, accommodating and focused on obtaining results. Over my years I have dealt with various types of Intuitional and Private Lenders. Loan Goat stacks up with the best.
As a business owner traditional lending doesn't fit my finances, which is why Loan Goat is a godsend. They are able to work with you, understand what you're trying to do and get it done.
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
© QUESTIONS 5 ANSWERS
That band is where mixed-use buildings most often fall between residential and commercial underwriting, too large for a residential program and too small for many commercial ones. The card is written for it. Larger or purely residential buildings go to the multi-family card, from 2 to 200 units.
No. Property age: no age restrictions is published on the card. That is deliberate, because the buildings that carry apartments over retail are usually older stock on established commercial streets.
Yes. Purchase, refinance and cash out refinance programs are all published as available on this card, inside leverage of up to 70% LTV.
Flexible credit parameters is published as a benefit and no minimum score is printed on this card, so none is stated here. Credit is read alongside the building, the tenancy and the exit, and the file is assessed on the Letter of Intent.
The payment is calculated over up to 25 years while the loan runs for its term of 1, 2, 3 or 15 years. The monthly number behaves like a long-term loan; the commitment runs for the shorter window.
© LOAN REQUEST 2 MINUTES
The loan information form with Commercial Loans already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
