Different uses. One considered financing plan.
A Lethbridge building with commercial space and rental accommodation needs a financing review that accounts for both. The share of each use, leases and property income can affect the available approach.
Understand the income mix
Separate residential and commercial rental income and identify vacancies, arrears and lease expiry dates.
Review the physical building
Bring floor areas and building information so the different uses can be understood alongside the valuation.
Consider changes in occupancy
If you intend to occupy the storefront or change a permitted use, explain the plan before relying on the current rental income.
What to have ready
- Commercial leases and residential rent roll
- Income and operating expense statements
- Floor areas and permitted-use details
- Purchase or refinance information
Document requirements vary. Please arrange a secure way to share financial information with your mortgage professional.
What happens next?
Tell us the basics of your Lethbridge project. We will discuss the information needed to assess possible financing routes. A consultation does not guarantee approval or a specific rate.
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