Yes, you CAN finance mixed-use development

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Second, financing mixed-use projects can be complicated and requires a working knowledge and understanding of all the project components. To finance a mixed-use project, lenders may need to draw expertise from residential mortgage banking, commercial real estate and/or small business lending.

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Mixed Use Building Loans. A mixed use development is the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, office, or other land uses.

Mixed-use development is a phrase that you may have heard recently. If not, you are certain to hear it in the future as this type of development becomes the norm in both urban and suburban areas. If not, you are certain to hear it in the future as this type of development becomes the norm in both urban and suburban areas.

One of the chief benefits of mixed-use developments is that more rent can be charged on the commercial properties, and thus on the mixed-use development overall. commercial leases can set rent for 6 to 12 percent of the property’s purchase price .

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If you don’t plan on purchasing land for your manufactured home, you can still finance the purchase with a bank or credit union lender, but through a government program. There are government programs designed to help consumers get mortgages on manufactured homes, which account for 6% of the U.S. housing market.

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Called the Quest Nonprofit Center for Change, the Cooper Carry-designed project is a 27,000-square-foot mixed-use build replete with coworking space and community services facilities.

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