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A mixed-use project developed in a stagnant or declining local economy can have problems attracting quality tenants, an adequate number of customers and rent levels high enough to ensure financial success. A stagnant or declining local economy can be perplexing for a commu-nity that wants a mixed-use development to serve as a

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a Mixed-Use Building. A mixed-use building is a development that allows for more than one type of use in a building or set of buildings. It includes both commercial and residential space. The prime example of a mixed-use property is a small storefront building with apartments above and retail below.

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The Urban League of Greater Miami sold a mixed-use project in the West. Lending provided a $8.75 million loan to Elizabeth.

A rendering of the mixed-use project in Bogata, NJ. Credit: PCD Capital BOGOTA, NJ-The joint venture of PCD Development of.

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There are many types of mixed-use buildings, the most common are: Large apartment building with ground floor retail and office space. Storefront with an apartment-style residential area on the second and third floor. Single-family property with a dedicated office or professional space contained within.

Mixed use properties usually fall under commercial lending due to the zoning of the property however some lenders may still give you a residential home loan. Also, you could borrow higher if you are living in the property.

Mixed Use Commercial Property Financing Loans and Lenders . Mixed-use commercial usually contains a combination of a commercial building, most often office or retail space as well as residential living units or apartments.

Mixed Use Property Loans. Mixed use property loans are a specialty for K2 Commercial Finance. Mixed-use properties must contain at least one commercial unit (retail, office etc.) and at least one residential unit. common types of mixed-use properties include a ground floor retail or office unit with apartments above, all within the same building.

Luckily, CRELender has the experience required for mixed use property, and is able to connect you with all options available to your project. Many people don’t realize that they will need a commercial loan to buy a mixed use property, even on occasions where the majority of the income produced is from the residential section of the property. As long as the property has some component of commercially.