Do hard money lenders for MIXED USE ZONED properties exist?

Do hard money lenders for MIXED USE ZONED properties exist?

Denver, CO · Member since 2017 · 102 posts · 48 votes

We are under contract on an awesome mixed use zoned property that is currently a commercial office but we will be renovating it and turning into an STR (which is legally allowed under the zoning). This isn't an office building... it's a 1950's house (or should I say used to be a house before the zoning changed). We need a hard $ lender to help us with this renovation but everyone we've talked to so far (not many) say they ONLY fund on residential. The project is in the metro Denver area. I know referrals can't be written here (against the rules) but I'm just curious if this type of lender EXISTS. If they do, I'll spend hours tomorrow digging through the interwebs for leads. If not, we need to move on and figure out another way... TIA!

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  • Dave SpoonerPro Member
    Rental Property Investor · Cincinnati, OH · Member since 2020 · 870 posts · 823 votes
    4y

    @Julie Hill You can definitely find a hard money lender that will lend in this situation. Just depends on the rates and terms they'll give you!

  • Real Estate Broker · Canby, OR · Member since 2012 · 127 posts · 37 votes
    4y

    @Julie Hill yes, there are definitely bridge loans for that type of project.

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