Best Commercial Real Estate Loans in Miami Beach, FL
What is a Mixed-Use Loan?
In the simplest and the easiest terms, mixed-use loans are the loans that individuals or businesses usually take in order to fund or finance the building, construction, renovation, or even the acquisition of a mixed-use property.
NOTE: A mixed-use property is a type of property that has two (2) or more uses, for instance, one floor could be commercial and the other could be residential, and vice versa.
The most common mixed-use property is a ground floor retail hub, like a convenience store, office supplies store, bakery, canteen, or even a mini-mart and the second, third, and floors above are used as a residential hub.
Where Can You Use Mixed Use Loans For?
In commercial real estate, funding or financing a project would often mean that its construction or building will be paid off.
However, it doesn’t just work in paying off the budget for the building or the construction of the property, there are instances where you can use it for other things, too, such as:
- Financing of a Property Under Development (PUD)
- Purchasing of a mixed-use property
- Refinancing to acquire cash to help reposition the property in the market
- Build or construct a mixed-use building from scratch
- Remodel, renovate, or rehabilitate a mixed-use building
- To pay off the current or previous mortgage
- And many more!
Mixed-Use Hard Money Loans
There are instances where businesses or individuals may get a hard money loan in order to get a mixed-use loan for the property in question.
This is because of the fact that some banks and other financial institutions offer these loans that are directly related to the value of the property so that in the event that the borrower defaults, they would have no losses and they could just resell the property for what the price is.
Herewith us at Florida Commercial Real Estate Loan Group, you would have no problems in getting a commercial real estate mixed-use loan.
We are open and are always present to help you with the funding or the financing that you need! So, don’t ever think of where you can get a mixed-use loan ever again! We’re here and we are ready and prepared to help you with it!
Other Loans That We Offer
But apart from the mixed-use loans that we offer, you can also bank and count on us if you need help with other loans, such as:
- Warehouse Loans and Financing
- Private Money Loans
- Motel and Hotel Loans
- Condotel Financing
- Multi-Family Loans
- Commercial & Industrial (C&I) Loans
- $1 Million Unsecured Loan
- And Others!
So, if you ever find yourself in doubt about funding or finances, you can always approach us! We’re open to business and we will always be right with you if you need other types of financial assistance and help!
We can even grant you pre-approval from the time you contact us just by giving us some of the information we need! No, we wouldn’t ask for your documents just yet, too little information would be enough!
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: