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Mixed use bridge

Mixed Use Bridge
Loans.

Short-term, interest-only financing for buildings with retail or office below and apartments above, when the commercial space is vacant, the apartments are still leasing, or a loan is coming due.

Get a QuoteSee typical terms
Program Snapshot
$1M
Minimum loan
$50M
Maximum loan
75%
Maximum LTV
6 to 36 mo
Term
Retail or office below, apartments above
Vacant commercial space considered
Seller credits and seller financing allowed on purchases
30 year fixed mixed use loans available to refinance
How it works

See how
mixed use bridge works

A mixed use building has two kinds of income, and they don't always line up. The apartments upstairs can be full while the storefront below sits empty for months. A long-term loan counts what's leased today, so a vacant ground floor can shrink the loan or stop the refinance entirely.

A mixed use bridge loan carries the building while you lease the commercial space or finish turning the apartments. The interest-only payment keeps holding costs down, and once both sides are producing, you can refinance into long-term debt. Our Mixed Use DSCR loan is one option, with a 30 year fixed available.

  • Lease a vacant storefront before refinancing into long-term debt
  • Buy a mixed use building with commercial vacancy
  • Pay off a maturing loan while the apartments finish leasing
Typical terms

What you can typically borrow

These are typical ranges, not a quote. Your terms depend on the building, the equity in it, your credit, and how quickly it needs to close.

Loan Amount
$1,000,000 to $50,000,000
Maximum LTV
75%Including cash out
Loan Term
6 to 36 monthsExtensions available
Payments
Interest onlyNo principal during the term
Building types
Retail or office below, apartments aboveMain street and neighborhood buildings
Vacancy
Vacant commercial space consideredBelow long-term loan minimums
Valuation
Appraisal, BPO, or neitherPhotos and video only on strong loans
Documentation
Tax returns often not required
Additional Collateral
Free and clear propertyCan be pledged to reduce cash to close
Prepayment
Usually noneMinimum interest may apply on some loans
Income
Residential and commercial reviewed separatelyEach with its own lease-up plan
Exit
Refinance or saleMixed Use DSCR is one option, with a 30 year fixed
Eligible Borrowers
LLC, LP, corporation, or trustNon-recourse available on loans of $5M and up
Available in
35 statesAL, AK, AR, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MS, MO, MT, NE, NH, NM, OH, OK, PA, SC, TN, TX, VA, WA, WV, WI, WY, DC. Very rural areas within these states may be restricted.
Note: These are typical terms. Yours depend on the property, the equity in it, the exit, and how quickly it needs to close. Bridge is for non-owner-occupied property only.
Storefront empty or a loan coming due?
Send the address, the rent roll, and the date.
Get a Quote
The exit
Refinancing out? We have a program for that.

Once the commercial space and the apartments are leased, you can refinance the bridge with any lender. One option is our Mixed Use DSCR loan, with a 30 year fixed available.

2
Kinds of income reviewed separately
30 yr
Fixed available on our Mixed Use DSCR loan
Mixed Use Bridge Questions

Frequently asked

What is a mixed use bridge loan?+
A short-term, interest-only loan on a building with commercial space below and apartments above that isn't ready for long-term financing yet. It's replaced by a long-term mixed use loan once both sides are leased.
My storefront is vacant. Can I still refinance?+
A long-term loan usually won't count the vacant space, which can shrink the loan or stop the refinance. A bridge loan can pay off the current loan and carry the building while you lease the storefront.
Does it matter how much of the building is commercial?+
Yes. The mix of commercial and residential space affects which long-term loans fit when you refinance. Send the rent roll and we'll walk through the options.
Can I buy a mixed use building with commercial vacancy?+
Yes. Buildings with empty storefronts often sell at a price that reflects it, and a bridge loan lets you close and lease up before moving into long-term debt.
Can the seller help with my down payment or closing costs?+
Yes, on qualifying purchases. The seller can carry up to one third of your down payment, and there's no set limit on seller credits. If you plan to use either one, tell us when you send the deal and we'll build the loan around it.
Do I need an appraisal?+
Not always. Many bridge loans use a BPO instead, and some lower leverage loans need no formal valuation at all, just property photos and a video walkthrough. The value still gets checked either way.
Where does Capituro offer mixed use bridge loans?+
In 35 states: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. Very rural areas within these states may be restricted. Send the address and we'll confirm whether your property fits.
Other property types

Other bridge types

All bridge loans
Two-story garden-style apartment building with exterior renovation underway on one wing
Multifamily

Apartment buildings in lease-up, value add, or coming off a maturing loan.

Two-story suburban office building with a glass entrance and surface parking
Office

Medical, professional, and multi-tenant office with a loan coming due or space to fill.

Neighborhood strip center with several storefronts and a few empty suites
Retail

Strip centers and standalone retail between tenants or coming off a maturing loan.

Single-story warehouse building with loading docks and an empty truck court
Warehouse

Vacant or partially leased warehouse, flex, and light industrial.

Self storage facility with rows of drive-up units and a climate controlled building
Self storage

Facilities still filling up, or coming off a maturing loan.

Two-story garden-style apartment buildings under a clear sky
Bridge Loans

The Speed Bridge program, every property type and situation.

Get Started

Mixed use building between loans? Let's look at the bridge.

Send the address, the rent roll, and when it needs to close. Planning to use seller credits or seller financing? Mention it and we'll build the loan around it.

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