5+ Multi-Family Mixed Use Commercial Loan
Finance the purchase or construction of a commercial property that has five or more residential units and also includes commercial space such as retail stores, offices, or other commercial establishments with a 5+ multi-family mixed-use commercial loan is a type of loan. These types of properties are often used for income-producing purposes, such as rental income from the residential units and commercial income from the commercial space.
The loan is typically secured by the property itself, and the borrower may need to provide a down payment or other collateral to qualify for the loan. The terms of the loan, including the interest rate, repayment schedule, and other fees, will depend on the lender and the borrower's creditworthiness and financial history.
Overall, a 5+ multi-family mixed-use commercial loan can be a useful financing tool for investors looking to purchase or develop income-producing properties with both residential and commercial components.
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