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I would love any insight into/advice on financing a mixed-use property. While we plan on changing the C of O to a single family, the house is currently a mixed-use with a restaurant on the first floor and two completely gutted apartments on the upper floors. It will be delivered vacant but it is not livable by any standards. We will need a jumbo loan north of a million to buy the property. We are first-time homebuyers with great credit but can put only 10% down. We would also like to finance some of the renovation. (The carrying costs will adhere to the “25% of gross income for housing” rule of thumb, we just aren’t sitting on loads of liquid capital.) Is this an impossible dream in the current economic climate? I have started talking directly with our banks but one (Sovereign) won’t touch mixed-use. Any ideas appreciated! Thanks!