Mixed-Use funding in Nashville?

[Select Mortgage]

Hello all.

I have a client that has used me to finance several house flips back in 2019 to 21. He lives in the Knoxville area but has sent me a purchase request for a mixed-use about 2 miles from downtown Nashville. It is not listed but he says he can purchase it for a little less than $1.1 million. It is a retail store on the bottom with 4 apartments above. When I looked it up I am thinking it is worth over $1.2 so he is getting a deal. Looking to purchase with no more than 15 to 20% down. Experience in flipping about 10 residential homes but never owned commercial. Credit score was 701 last time I helped him flip back in 2021.

I would prefer working with an actual lender but will consider a co-broker deal if someone is experienced in mixed-use. Anyone with good experience have thoughts on this? Since I am pretty new here please just comment on this thread if thats alright. This investor is demanding but well prepared. Not a baller but said he can show $160k on his 22 taxes. Has not filed for 23 yet but says it will be a little higher.

[Monty Yeager]

Mr. Select Mortgage,

I was in Nashville twice in 2022 and spent time downtown. One of the best cities in the USA! I own this website you just posted on and I broker loans. I will never co-broker but if you would like to sign a separate  funding agreement with your client and keep your client forever after this deal closes, I am happy to complete your borrower's funding request. I can go up to 80%ltv on Mixed Use with credit scores down to 650 and no taxes needed. Others will be able to do this purchase as well but I have done many Mixed Use and rates based on 20% down with a 700 FICO will be below 7% as of today.My number is 208-794-7430. You can also email me at [e-mail]

Monty