Mixed Use Building Loans
Cornerstone Lending has a lot of experience in securing mixed use building loans for its clients throughout the United States. These loans can often be used for purchasing, modernizing or refinancing existing real estate. Securing mixed use building loans independently can be difficult because there are a number of issues to negotiate.
There are a variety of products on the market that may be suitable for your requirements but knowing which one is the most appropriate for you can be difficult. When you also have to consider eligibility criteria, interest rates and repayment periods (amongst other things) then it can take a lot of time out of your hectic schedule and cause stress that is easily avoided.
One of the difficulties unique to mixed use building loans is proving affordability. This is in part due to the fact that you may be looking to repay the loan with your own business funds as well as other sources in certain circumstances. For example, your finance repayments may be funded in part by commercial rental income and in part by income from residential properties.
Luckily, Cornerstone Lending simplify the process of proving affordability by matching you with the most appropriate products for your requirements and fully understanding the criteria associated with each type of loan we offer to you. This in itself saves time, money and stress that you would otherwise have to deal with yourself.
Cornerstone Lending is able to organize the financing of a range of mixed use building loans. For example, maybe you are looking to purchase a mixed residential and commercial property. We are even able to negotiate mixed use building finance for apartment complexes where there is a mixture of apartment building provision and commercial (usually retail) requirements.
Even the finance options themselves offer more flexibility than many of our competitors. Many of our mixed use building loans are able to offer periods of fixed rate interest to enable you to manage your repayments more easily. Fixed rates are available for periods of time as long as ten years on certain products.
The loans are repayable over periods as short as 5 years and as long as 30 years. This enables you to pay the loan off more quickly if you are looking for shorter term investments. If you are looking to borrow larger amounts then longer repayment periods may make this possible for you. We are able to negotiate mixed use building loans of $500,000 or over through our network of lenders.
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