Mixed Use

Mixed use property typically contains a combination of commercial (most often retail) space as well as residential units. Mixed use is defined as properties where no more than 33% of the current gross potential income comes from commercial units and the number of commercial units does not exceed 25% of the total number of units.

Although mixed use properties are appealing to property owners because of the commercial income that they generate, lenders are often uneasy if too high a pecentage of a property's total income is generated by the commercial rather than the residential component.

Since we make the decisions and lend the money, Approved Funding is able to analyze your property and provide you with the best loan and rates available.