Mixed Use Mortgage
Hi! Can someone help me with a proper broker that can help me or a bank that can provide a mortgage for a small mixed use property in Brooklyn? It has a total of 3 units…1 commercial (occupied), a 2 bedroom apartment (occupied) and a vacant studio that I will move in to. I have 45% cash up front for a deposit on a $280,000 mortgage. What bank besides Flushing Bank can help me with this? or a broker? The tenants have been there for 5-10 years. The property pays for itself. Looking for a 30year fixed mortgage. I got excellent credit so this should not be difficult….right??
gengen
in Mortgage 11 years and 6 months ago
2
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gengen | 11 years and 6 months ago
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No it occupies 50%.
skeer126 | 11 years and 6 months ago
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Give me a call. I am a broker. As long as the commercial space is limited to 25% of the GLA you are in the clear!! 516-322-7353