The practice of permitting more than one type of use in one building or in a set of buildings is identified as mixed use development. This set of buildings could include a mixture of residential, any type of commercial, such as office, retail, industrial, or other land uses. Although mixed use properties are appealing to real estate developers because of their possibility to generate commercial income; however, there is a higher risk if a significant portion of the property’s total income is generated by commercial rather than the residential portion.
Since 1977, Ocean Pacific Capital has helped its clients obtain the best mixed use financing for their property. We work with our clients, whether they are real estate developers or investors, to analyze their mixed use property transaction to assist you in attaining the maximum advantage in obtaining financing for your project. It is important to understand that with mixed use financing and development, in some areas, single use zoning is preferred, such as office park and the strip mall. Consideration of neighborhoods is also important as public amenities will be private and regulated, with lack of private outdoor space. Ocean Pacific Capital provides funding, arranged through numerous commercial lenders, to supply the necessary funds required for a project to proceed with purchase, construction, or expansion. Loan amounts range from $500,000 to $500 million plus. The qualifications of these properties are based on the income/expenses ratio of the property and in most cases, cannot exceed 1.25%. We not only offer competitive interest rates and fees, but we will also close your loan in an efficient and timely manner to obtain the necessary mixed use financing for your project. Fixed and variable interest rates as well as length of term, whether it be 5, 7, 10, or 30 years, are also available.
Our experienced commercial consultants have the years of commercial lending experience that will assist you in refinancing your current investment for debt consolidation, or purchasing a new building, or construction an additional building. Our team will design a funding program that will exceed your needs and in a cost efficient and timely manner. Email us or call us today to see what we can do for you.
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Charles Elfsten, President
Charles A. Elfsten