Mixed-use financing for
buildings that do two jobs.
Storefronts with apartments above, offices over residential, live-work - blended-income properties arranged with lenders who understand both halves.
Mixed-use properties combine commercial space (retail, office, restaurant) with residential units in one building - and lenders underwrite them on the blend: how much of the income and square footage is commercial versus residential decides which programs will even look at the file. Heavily residential mixed-use can reach agency and residential-leaning programs; commercially weighted buildings are underwritten as commercial real estate. Stonehaven Lending arranges mixed-use financing across both worlds, matching the building's actual mix to the lenders whose boxes it fits.
What underwriting looks at.
Why the ratio is the first question.
Two mixed-use buildings can look identical from the street and finance completely differently. One with 80% residential income by value can qualify for programs that treat it almost like an apartment building; one where a restaurant tenant carries half the rent is commercial real estate with commercial underwriting - lease terms, tenant credit, rollover risk. Before anything else, we establish the ratio by income and by square footage, because it determines the lender universe.
Two kinds of income, one loan.
The residential units get underwritten like apartments: rent roll, occupancy, market rents. The commercial space gets underwritten like commercial: lease term remaining, tenant strength, what happens at rollover, and whether the space would re-lease. A strong national tenant on a long lease is an asset; a month-to-month local operator is a question. The blended NOI drives sizing, but lenders discount the riskier half - and we model that discount before quoting anything.
Where mixed-use financing gets arranged.
Buying a Main Street building with a shop below and two apartments up. Refinancing out of a maturing loan on a corner property. Cash-out on a stabilized mixed-use asset to buy the next one. Renovating vacant ground-floor commercial to re-tenant. Each has a natural lender fit - and a wrong one that costs weeks. Our job is the right one, first.
To give an honest read.
Rent roll for the residential units, copies of the commercial leases (or a lease summary), trailing operating statement, and the purpose. With those we can establish the mix, size the loan, and tell you which sources will actually engage - within 48 hours.
Send the mix and the leases.
Rent roll, commercial lease summary, and the purpose - a capital specialist replies within 48 hours with the ratio, sizing, and which lenders fit.