SBA Loans For Mixed Use Properties
Mixed use properties include both commercial and residential space and both the SBA 504 and the SBA 7a program allow loans for businesses that occupy at least 51% of the available commercial space of a building. (In some cases basements can be counted in the total square footage).
Eligible properties would typically be a building or office condo with a retail business on the first floor and an apartment or residential units upstairs.
And if the business is a type that requires an on-site manager who lives on the property, the residential space can be counted towards the business’s 51% occupancy, but it cannot exceed 49% of the total property .
More info: SBA 7a and SBA 504 Loans