Mixed-Use Commercial Loans

Commercial real estate that offers a retail store, office or other commercial use in one or more units and an apartment or living space in other units is considered a mixed-use property. Because of this, obtaining loans and financing is a little different than going after strictly a small business loan or home loan. Mixed-use commercial property loans offer consumers a variety of flexible financing options that deal with all types of scenarios and needs.

One of the benefits of the mixed-use commercial property loan is low rates and often, no points. Griffin Capital offers different types of loans for these commercial property types such as low document loans, full document loans, as well as stated income commercial loans. In most cases, large balance loans, those which range from $1,000,000-$7,500,000, offer fixed terms as well as commercial mortgage terms of 25 and 30 years. Various rates and cost guarantees are available for the asking as are different fixed terms.

Small balance mixed-use commercial loans are generally considered to be those in size from $250,000-$1,000,000. As with larger balanced mixed-use commercial loans, rate and cost guarantees are available as are commercial mortgage terms of up to 25 years.

Large balance mixed-use commercial loans are generally offered for properties considered to be medium to large, and businesses must meet various requirements and qualifications that are determined by Griffin Capital.

Mixed-use loans that cover, retail, office, and residential spaces must contain at least one commercial unit and a least one residential unit in order to qualify. Mixed-use loans may be used for the purchase as well as refinance of commercial real estate. In most cases, adjustable, 5 and 10 year fixed rates terms are available with 25 to 30 year amortizations..

A mixed use property loan refinancing allows borrowers to use their cash to engage in property improvement, expansion, investing, in addition to enhancing and improving business properties. Lower payments through long loan terms allow consumers and borrowers to gradually build equity at their own pace.

Commercial real estate mortgage programs such as mixed-use commercial loans are offered in all 50 states as well as the District of Columbia by Griffin Capital. Let your sales person know of any special need you may have and your budget so that they may design a program that fits for your particular needs. Call 540-548-1001 to speak with a representative.