What is a Commercial Loan?
In many urban neighborhoods, especially downtown, it’s common to find street-level shops, restaurants and service firms sharing buildings with residential apartments on the floors above. With the different challenges that come with commercial and residential properties, real estate investors may find the idea of managing a mixed-use property daunting; but it doesn’t have to be.
With careful planning, mixed-use properties can yield excellent returns. By finding the right blend of amenities and tenants, you can maximize the profitability of your property.
- Buildings with commercial office/store front space and residential.
- Typical example is a 4 flat, top 3 floors residential with ground level for retail.
- Ideally get a solid long term rental in the ground level and have renters above.