Mixed Use
Commercial mixed-use loans have repayment terms between 15 and 30 years, with commercial real estate loan rates starting as low as 5%. Buildings must be in good condition to qualify. However, unlike government-backed mixed-use loans, commercial mixed-use loans don’t require the building to be owner-occupied. Funding times are quicker than a government-backed loan, with funding in less than 45 days.
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Mixed Use
Commercial mixed-use loans are the right choice for the following investors:
- Real estate investors looking for a mix of commercial and residential tenants
- Business owners looking for a two-unit live/workspace
- Business owners looking to occupy a larger building and also act as a landlord
- Real estate investors who might not want to live in the mixed-use development
- Real estate developers looking to construct a mixed-use development
- Real estate investors willing to forgo a government guarantee and lower rate to get funding more rapidly
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Testimonials
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Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.