Mixed Use Commercial Real Estate Loans in Connecticut

At Northeast Financial we offer a Stated Income commercial mortgage loan that is ideal for self employed borrowers and investors.  We are the Commercial Mortgage Lender that says “yes” when others say ‘no.”  One of the Connecticut properties we specialize in is MUD (Mixed Use Commercial Real Estate) Properties.  We have the ability to close your loan in as little as 3-4 weeks.

 

There are many types of Mixed Use (MUD) Properties we lend on in Connecticut.  It can be a combination of apartment or retail or office or storage.  However your Mixed Use property is configured – we have a solution

 

Here are our basic guidelines for Mixed Use Loans with our Stated Income Program:

 

1. Max Loan to Value (LTV) is 70% -75%
2. Credit Score Minimum is 620 (lower on case by case)
3. Must be zoned commercial
4. Appraisal is required
5. Closing 3-4 weeks
6. 25 Year Term and ARMs Available
7. Rates as low as 6.50%
8. Cash out is OK
9. Purchase or Refinance

 

Please call today so we can talk about your Mixed Use Property and how we can get your loan closed.

 

Thanks,

 

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Michael Meyer
Senior Vice President of Northeast Financial
NMLS#117875
Mike@northeast-mortgage.com
860-876-0572
210 S. Main St Middletown, CT 06457

NMLS#117273 

 

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