Mixed use buildings typically have a retail store on the first floor (commercial component) and apartments on the second/third floors (residential component). These types of properties are considered to be commercial real estate and require commercial mortgage financing, even though they are often part residential.
Loan to value can go as high as 75%, but usually will be around 50-65%. LTV will be specific to each property.
Due to the time it takes to set up financing, in some cases it might be better to use private financing. It will be considerably faster to arrange. Private mortgages are available for mixed use properties.
Some lenders will consider providing a residential mortgage for a mixed use property. It will depend on zoning of the property, size of commercial element and income generated from commercial component compared to residential part.
Call 647-870-7004 to go over any questions you might have.