.png)
What is a mixed-use property?
A mixed-use property is real estate that combines more than one type of use, most commonly residential and commercial space, such as apartments above a storefront. In mortgage lending, the property's configuration, occupancy and intended use determine which residential, investment-property or commercial loan programs may apply.
Lenders look at how the space is split and used: how much is commercial, what kind of business occupies it, how many residential units there are and whether the borrower lives there. A mostly residential property may fit a residential or investor program; a mostly commercial one may need a commercial loan.
No single program covers every mixed-use property, and eligibility depends on the specific building.
The formula
=
