Commercial and Mixed Use

There are a number of different property types New Haven considers when looking at a small commercial property. These include mixed-used properties, storefront apartments, student housing (no rooming houses), and more.

As part of the application process, New Haven 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 75% LTV 1st or 2nd 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

A number of aspects play into an appraisal and loan application for a construction project
Some Tarion exceptions may be made
No formal credit or income requirements required