u/Xenqx

Loan for PPOR with commercial shopfronts

I'm interested in purchasing a property to be used as PPOR. It has two small commercial shopfronts underneath. It's a 4-bedroom residence. The commercial floorspace is likely 15-20%, with residential 80-85%. The commercial rental income is tiny, approximately $17k. Property marketed for $1.7million. The value of the property is largely tied up in the residence and the size of the land.

The property is on a single title which I'm sure doesn't help.

Do any brokers or lenders specialise in situations like this? It won't stack up if it's a commercial loan for the entire property, so either needs to be a residential loan, or perhaps the same lender would provide two loans on the same title.

Any help appreciated :)

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u/Xenqx — 3 days ago