There was a time when creative real estate financing had become too creative for the traditional lender, and as it turned out, he was right in many respects because, as we now know, Creative Real Estate Financing methods that did not conform to traditionally acceptable mortgage insurance requirements underwent a total meltdown and almost took the entire real estate & mortgage industry, as well as the US economy down with it.
Did you know that the FHA-insured 203k rehab loan is the only residential mortgage program that can be used to finance the purchase of mixed-use properties? That was certainly true during my years in the industry, but more to the point of commercial mortgage origination, 203k was a perfect segue into commercial mortgages for me during that time. Recent changes to the FHA regulations have affected the 203k program in a way that may eventually eliminate the financing of mixed-use pr