New York City has the most unique real estate properties. Through New York City and the five boroughs, you will find mixed-use properties, which consist of both residential and commercial components. These unique properties will give an investor or an owner occupant, the opportunity to diversify income deriving from the commercial component of the building that is usually higher per square feet than the residential component. Because of the demand of residential units, the vacancy factor for these unique properties is extremely low.
Lyons Mortgage Services offers a variety of mortgage financing for mixed-use properties. Our flagship 15, 20, 30-year fixed rate loan with no prepayment penalty and extremely low interest rates for financing this type of properties are helping hundreds of consumers. Professionals and entrepreneurs such as, doctors, lawyers, accountants, pharmacists, architects, restaurant owners, mom & pop shops, are able to acquire the real estate and operate their business out of the same establishment.
The above professionals do not have to worry about rental increases or to be kicked out of their already established business because they have ownership of the actual real estate. Such properties are extremely desirable to real estate investors because of the excellent cash flow they provide.
For more information or to learn more about mixed-use properties and ways to finance them please send us an email info@elyons.com.