Mixed Use Property – Finance it Using 203k Instead of a Commercial Loan

Recently I started working with a client looking to buy a property with a commercial space on the first floor and 3 apartments above, one he will live in. It happens the property does need some updating so a 203k renovation loan was a great choice. I was reminded why the 203k solves problems for those purchasing a mixed use … Read More

Buy and Rehab a Mixed Use Building with a 203K

                     How to Buy and Rehab a Mixed Use Building with a 203K One of the little known uses of FHA 203k financing is to purchase (or refinance) a small building that has both commercial space and residential space. This is allowed by FHA only for owners who will live in the residential space. The commercial space can be leased … Read More