Blumenthal and oscar rodriguez closed on construction financing for a mixed-use project in hialeah. coral rock development group and Arena Capital Holdings secured a $12.75 million loan from BB&T Bank.
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Commercial loans versus residential loans. Real estate that has a mixed purpose does not always fall under commercial lending. Rural and residential mixed use property can often be bought with a residential home loan from a number of our lenders. Some of our lenders will accept land up to 50 hectares and offer residential rates.
Mixed Use Commercial Mortgages – Nationwide Financing A mixed-use development is the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses.
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Mixed-Use Loans Funding for mixed-use properties is our specialty. Our team of experienced, well-versed lenders works with commercial real estate projects of all makeups and sizes.
Multifamily Investment Calculator Use our commercial mortgage calculator to determine monthly payments and amortization schedule.. 567-9631 today or email us at [email protected] to learn more about how our team can help finance your next multifamily investment. Multifamily.Loans, Inc. 350 lincoln road, 2nd Floor Miami. Return on Investment Calculator..
Mixed-use: income producing property with both residential tenants/use and commercial tenants/use (i.e. retail stores, offices, studios, fitness centers) within the same building or parcel of land.
I am trying to determine if the home equity loan that I took out is mixed-use and how do I enter it into Turbo Tax Premier so that it is reported correctly. I took out a $175,000 home equity loan, secured by my main home, on property with FMV greater than $200,000. $85,000 was used to pay off my original mortgage.
Our FlexPerm mixed-use property financing program offers your investors easy qualification on the purchase or cash-out refinance of a mixed-use building and includes the flexibility to remain in the loan for up to 30 years. Since our FlexPerm loan is asset-based, personal income isn’t required.
From single-building storefront/apartment combos to a full complex of housing, stores and office space, or mixed-use we have the experience necessary to take borrowers from application to closing in just a few short weeks – or even just a few days!
Financing a Mixed-Use Property with an FHA Loan. The borrower must be able to show sufficient income to handle not just current debt but also the new debt taken when the mortgage loan is in place. The borrower must be able to demonstrate a good credit history as the lender will review a credit report along with current credit scores.