Construction/Refinance Loan for Mix Use Property

Hello All, I am looking for a mortgage broker who can recommend a 30 year fix rate loan on a commerical mix use property in Brooklyn. Please do let me know if you know anyone who can help me with this. All paper work is ready to go!

esther

in Brownstoner 13 years and 5 months ago

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adam_dahill | 13 years and 5 months ago

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30yr fixed rates are difficult to come by on commercial/mixed use properties. Most if not all will be ARM’s. 15yr fixed rates are available though, but payments are much higher due to the shortened amortization.  -Adam Dahill

slopemope | 13 years and 5 months ago

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Sorry i can’t answer your question specifically but i looked up a mixed use property that recently closed and they used B of A.  I am guessing it was direct and there was no broker, it was a 2 fam + retail ground level.