CMBS Retail Condominiums

Can You Refinance Part of a Mixed-Use Property With a CMBS Loan?

Can You Refinance Part of a Mixed-Use Property With a CMBS Loan?

While in most cases, CMBS loans are only allowed for individual properties or groups of properties, in some cases, one part of a mixed-use property may be eligible for CMBS refinancing. For example, if a mixed-use property is divided into residential a residential section, featuring apartments, and a retail condominium section, each owned separately, a borrower may be able to get a conduit loan to refinance only one section of the property.