Mixed-Use & Special Purpose Commercial Loans

Lender-neutral guidance to help you understand underwriting criteria and prepare a strong, finance-ready property package.

Refinance commercial real estate across the USA and Canada to improve cash flow, restructure debt, or access equity—tailored to your property’s performance and goals.

What Is a Mixed-Use or Special Purpose Commercial Property?

Mixed-use and special purpose properties are commercial real estate assets that typically require more nuanced underwriting due to their structure, use, or marketability.

These properties generally fall into two categories:

Mixed-Use Properties: Combine multiple uses within one building

Special Purpose Properties: Designed for a highly specific function

Because these assets can be more complex to value and re-position, lenders often conduct deeper analysis, including:

What Is a Mixed-Use Property?

A mixed-use property includes two or more distinct uses within a single structure. Common configurations include:

Key Underwriting Considerations for Mixed-Use Properties

Unit mix & income concentration

Percentage of income from residential versus commercial components

Tenant quality & lease strength

Tenant lease strength, credit quality, renewal risk, and potential vacancy exposure

Local market support

Local market demand for residential and commercial property uses

Management complexity

Mixed-use properties often require experienced, hands-on management

Appraisal complexity

Property valuation methods can differ depending on the mix of uses present

What Makes a Property “Special Purpose”?

A special purpose property is typically designed for a specific use and may be difficult to convert to another purpose without significant renovation or cost.

Examples may include (program-dependent):

Common Financing Structures

What Lenders Typically Look For

How the Process Works

1.

Initial Review

Evaluate property details, financing goals, and borrower needs to determine potential loan options.

2.

Structure Options

Identify suitable loan programs, terms, and financing structures based on property type and borrower profile.

3.

Documentation

Prepare financial statements, rent rolls, and borrower information required for lender evaluation and underwriting.

4.

Lender Matching

Connect with appropriate lenders whose programs align with the property type, risk, and financing needs.

5.

Underwriting & Approval

Lenders carefully review the property, financial statements, and borrower profile to determine terms and approve financing.

6.

Closing

Execute loan documents, fund the loan, and ensure proper disbursement to complete the transaction.