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Updated about 2 years ago on . Most recent reply

User Stats

10
Posts
9
Votes
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
9
Votes |
10
Posts

Refinance Lenders for Mixed Used Space

Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
Posted

I have a mixed used property in philadelphia, 1st floor is retail, 2nd floor is a 3/1 apartment. Any recommendations for a cash-out refi lender? The ones I typically use only do residential. 

Most Popular Reply

User Stats

39
Posts
65
Votes
Adam Windham
  • Lender
  • San Diego | Phoenix | Miami
65
Votes |
39
Posts
Adam Windham
  • Lender
  • San Diego | Phoenix | Miami
Replied

Generally just need to see 51% of the building square footage be residential and then you could use a DSCR loan and underwrite with the combined residential and commercial income of the property.

  • Adam Windham
  • [email protected]
  • 619-304-9507
  • Loading replies...