Here are a number of different property types New Haven considers when looking at a small commercial property.
These include mixed-used properties, storefront apartments, office units, etc.
As part of the application process, New Haven Mortgage Corporation needs to know the specific commercial component (ex. hair salon or insurance office) as this affects the overall property marketability.
New Haven may approve up to 65% LTV on a 1st Mortgage for a commercial property such as:
- Mixed-Use
- Commercial Condos
- Small Industrial Commercial Units
Environmental reports are required on a case by case basis.
To inquire about a refinance, it is as easy as these 4 questions:
- Where is the property located?
- How much is it worth?
- What is owing against it and with which lender(s)?
- What do you need?
To inquire about a purchase , please provide the following:
- Where is the property located?
- What is the purchase price?
- What is the property type?
- How much down payment?
*Other information will be required for final approvals such as rental acknowledgement(s) and assignment of rents*
To inquire about a commercial and mixed-use property, please email us at inquiries@newhavenmortgage.com
