Property type
Mixed-use loans, matched to your deal
A mixed-use loan finances a building that combines uses, most commonly apartments above ground-floor retail or office. The complication is that the split determines which programs will look at it: lenders classify a building by its dominant use, so shifting the residential proportion by a modest amount can move the same property from an apartment program into a commercial one, with different underwriting on the other side.
- 5,000+loan programs screened
- 5–8matches on a typical deal
- $0 upfrontto submit and compare offers
- 0.50–1.00%broker fee, paid only at closing
Who is a mixed-use loan actually for?
Owners and buyers of buildings that do more than one thing, typically residential over commercial in a walkable location. These assets often perform well precisely because the uses support one another, but they sit awkwardly in lending taxonomies that assume a building is one thing, which is why the same property draws such different responses across programs.
What do mixed-use lenders disagree about?
Where the dividing line falls. Programs set different thresholds for how much commercial space a building can carry before it stops being treated as residential, and they weigh the commercial income differently once it is. A building that reads as an apartment block with incidental retail to one lender reads as a commercial asset with apartments above to another, and the terms follow that classification rather than the building itself.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 5,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is $0 upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- The proportion of residential to commercial space, by area and by income
- Rent roll on both components, and the commercial expiry profile
- Whether the commercial space suits the location and the residential tenants
- Condition, and any separation of services between the uses
Frequently Asked Questions
How much commercial space makes a building commercial?
That threshold is a program rule and it differs between lenders. It is the single most useful thing to establish early, because it determines which programs the file belongs in.
Is mixed-use harder to finance than apartments?
Not inherently, but the field of programs is narrower and the spread between offers is wider, which makes comparing several more valuable rather than less.
What if the commercial unit is vacant?
It affects income and can move the file toward a value-add structure. Lenders will want to see how realistic re-letting that space is given the location and the unit itself.
Can one loan cover both components?
Yes, mixed-use property is normally financed as a single asset under one facility. The classification question is about which program writes it, not about splitting the building.
Does the type of commercial tenant matter?
It can. A tenant whose operation affects the residential units above, through hours, noise or odour, is read differently from a quiet professional occupier.
Are live-work units mixed-use?
Usually they are classified by the dominant use rather than treated as a separate category, though programs differ, which is again why the classification conversation comes first.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs $0 upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Next step
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.