Eligible Property Types
- Residential over retail (apartments above ground-floor commercial)
- Urban mixed-use buildings with multiple commercial tenants
- Mixed-use with professional office and residential components
- Main Street commercial buildings with upper-floor apartments
- Properties with 50%+ residential income component
- Mixed-use transitional assets in lease-up or repositioning
Common Use Cases
- Acquisition of stabilized urban mixed-use buildings
- Bridge financing for mixed-use properties in lease-up or under-occupied commercial space
- Recapitalization or refinance of existing mixed-use debt
- Value-add repositioning of mixed-use properties with below-market rents
- Refinance of maturing bridge debt on stabilizing mixed-use assets
Typical Borrower Profile
- Urban commercial real estate investors with mixed-use experience
- Main Street property owners and operators managing residential and retail tenancies
- Value-add sponsors repositioning underperforming mixed-use assets
- Sponsors experienced with commercial lease structures and residential management
Required Documentation
- Full rent roll including residential and commercial units
- Trailing 12-month operating statement
- Commercial lease agreements for occupied commercial space
- Borrower/sponsor background and entity documents
- Property appraisal or recent market valuation
- Capital improvement plan (for value-add transactions)
Frequently Asked Questions
How is a mixed-use property underwritten?
Mixed-use properties are underwritten based on the blended net operating income from all components — residential rent, commercial rent, and other income. DSCR is calculated on the total NOI relative to debt service. Vacancy and collection loss assumptions apply to each component separately.
What is the typical residential/commercial split for mixed-use eligibility?
Properties with a majority residential income component (50%+) are generally more favorably underwritten under residential-influenced programs. Higher commercial concentrations may require commercial underwriting guidelines. Contact originations to discuss your specific property's income composition.
Can I get a bridge loan for a mixed-use property with vacant commercial space?
Yes. Bridge programs accommodate transitional scenarios where commercial space is vacant or below market occupancy. The loan is structured to the stabilized value with a lease-up plan and defined exit strategy.
Request Preliminary Terms
Submit your loan request summary and a member of our originations team will follow up to discuss preliminary terms.
Submit a Loan Request Contact OriginationsEligible Markets
Lending is limited to the Top 200 U.S. MSAs. Rural and low-population markets are not eligible.
Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.
How the Preliminary Term Process Works
Programs are available for qualified sponsors, developers, brokers, and real estate investors. Preliminary terms are subject to underwriting, valuation, market conditions, borrower qualifications, collateral review, and final credit approval.
Step 01
Submit Loan Request Summary
Provide property address, loan amount requested, use of proceeds, and sponsor information through our secure loan request submission portal.
Step 02
Preliminary Review
Our originations team reviews the submission and responds with a preliminary indication of interest and any additional information needed.
Step 03
Term Sheet Issuance
If the loan request meets our program criteria, we issue a preliminary term sheet outlining structure, pricing, and conditions for formal underwriting.