Mixed-use buildings combine commercial space, usually ground-floor retail, restaurant, or office, with residential units above. They're common on main streets and in growing neighborhoods. Because they blend two income types, lenders look at both: the commercial leases and the residential rent roll, and how much of the income comes from each.
I review mixed-use deals personally and then with one of NEXA Lending's in-house commercial lenders. NEXA Lending provides access to a large network of commercial lenders, which helps when a property doesn't fit neatly into a purely residential or purely commercial program.
Common uses
- Purchase of a main-street mixed-use building
- Refinance or cash-out
- Owner-occupied: your business downstairs, rental units above
- Value-add renovation of commercial or residential space
- Newer mixed-use developments
What lenders typically review
- Split between commercial and residential income
- Commercial lease terms and tenant history
- Residential occupancy and rents
- Building condition and code items
- Neighborhood foot traffic and demand
How I work your mixed-use request
Here's how I work on every request. You send the basics: property or business, location, amount, and purpose. I personally review the scenario and ask whatever follow-up questions are needed to understand it properly. Then I review it with one of NEXA Lending's in-house commercial lenders, and together we look at realistic options. NEXA Lending provides access to a large network of commercial lenders, so the search isn't limited to a single bank's appetite.
You'll get a straight answer on what looks workable and what doesn't. If we move forward, I stay involved and work with the in-house lender and with you through closing. There is no cost or obligation to submit a scenario, and nothing on this page is an offer or a commitment to lend. Pricing and terms depend on the property, the borrower, and the market at the time.
Questions about mixed-use financing
Is a mixed-use building treated as residential or commercial?
It depends on the number of units and the share of commercial space. Many mixed-use properties are financed commercially. Send the details and I'll confirm how it's likely to be viewed.
Can I live in one of the units?
In some cases, yes. Owner occupancy can affect which programs are available.
Nationwide lending, local office
We finance commercial deals nationwide, in states where NEXA Lending can legally fund. My office is in Kirkland, Washington, and I also work closely with borrowers across Washington, including Seattle, Kirkland, Tacoma, Vancouver, WA. Send the details and I'll confirm how your state and property fit.
Submit your deal
Send the basics and I'll review them personally. No cost or obligation.
