Mixed-use property is exactly how it sounds. It is property with multiple uses such as retail, office, industrial, and residential. Some examples would include: strip malls with second story office, main floor retail with residential units above, or industrial warehouses with separate office space for lease. Types of mixed-use property financing available are:

Standard Term Financing

Lending solutions up to 95% loan to value (requires multi-family component) for the acquisition of a new property or re-financing of an existing one. This type of lending relies heavily on the location, tenant mix, length of leases and borrowers experience. Typically, this type of financing is for sophisticated borrowers looking for a longer-term loan that provides stable and predictable cash flow.

Standard Construction Financing

Lending solutions up to 95% of cost (requires a multi-family component) for the construction of a new mixed-use property. Typically, this type of financing is for Borrowers that have achieved significant lease-up and present a clear exit strategy at the end of construction by way of Standard Term Financing or CMHC Insured Financing (must have a residential component).

Bridge Financing

Bridge financing is typically used for short term solutions which will allow a borrower to access equity to purchase another property or to repair or renovate an existing property without having to access capital from personal sources.

Second Mortgages

Second mortgages are often used when the existing term mortgage has a longer period until expiry and the borrower wishes to access equity in their property. These funds are often used to either purchase another property or to renovate or improve their existing property.