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Recently, Onefineday posted asking for tips on getting financing for a mixed use property. I`ve been trying to do this to no avail and I`ve already got 100% down. None of my property is being used commercially.
It`s a 2fam townhouse with a detatched garage. The commercial C of O is on the detatched garage, which was once used as an autobody shop many years ago. Wells Fargo says there`s a $3m minimum for a commercial mortgage and to do a residential mortgage, the commercial element must be less than 25% of the total square footage.Does anybody know of a bank who could finance mixed use? Speculation won`t help me- I need a phone number. Thanks!