Get the Financing You Need with a New York Mixed Use Hard Money Loan!
Investing in a mixed-use property is an attractive proposition that allows you to make use of the same space for both residential and commercial purposes. However, securing financing can be a daunting task when working with traditional lenders. The challenging process of acquiring mixed-use loans has discouraged potential investors from taking advantage of this lucrative opportunity – which is unfortunate considering how prevalent they have become in cities as well as rural areas alike.
Fortunately, there is an alternative to traditional lenders – hard money loans. Hard money lenders are private individuals or companies who provide short-term loans. Unlike traditional lending institutions, hard money lenders base their decisions on the value of the property itself instead of its borrower’s creditworthiness, making it easier for potential borrowers to get the funding they need.
If you are looking for a New York mixed use hard money loan, reach out to a qualified private money lender with experience in this field. Stone Commercial Capital is a leading New York hard money lender committed to providing financing for residential and commercial properties.
What Is a Mixed Use Hard Money Loan?
Mixed use hard money loans are a popular choice among those seeking to invest in commercial and residential properties with the intention of maximizing revenue. An example of this type of property is an apartment building with shops located on the lower level.
Advantages of Mixed-use Developments
Less Risk to the Borrower
By investing in a structure with multiple purposes, you can reduce your risk if one tenant departs. You will still receive income from the other occupants or renters of the building.
More Convenient for Consumers
Mixed-use properties are a major benefit to consumers, allowing them the ability to shop and enjoy different types of businesses without having to travel far distances. This means more convenience and savings in both time and money!
More Attractive To Potential Tenants and Buyers
Mixed-use developments are more attractive to both potential tenants and buyers alike, as they provide a variety of services and amenities in one place. This makes them more desirable than stand-alone properties, which only offer limited facilities.
Uses of a New Jersey Mixed Use Hard Money Loan
Investors purchase commercial real estate for various purposes – whether it be retail, storage, health-related and so on. These are called non-conforming investments and are ideally suited for private investors utilizing mixed use hard money lenders.
For those eager to invest in new construction, mixed use hard money loans can also be the ultimate resolution.
Invest with a New York Mixed Use Hard Money Lender Today
Mixed use hard money loans offer New York real estate investors the chance to take advantage of lucrative opportunities that traditional lenders cannot offer. If you are based in New York and need quick access to capital for your development or investment property, then a mixed use hard money loan could be the solution you need. Contact a hard money lender today to discuss your options!
