Philadelphia Mixed-Use Loans: Live-Work-Play Development Financing [2026 Guide]

Philadelphia ranks among the most active mixed-use development markets on the East Coast, and the numbers tell the story. More than $2.14 billion in major developments are completed or under construction across Center City alone, with over 8,000 rental units either delivered or in the pipeline. The city converted more adaptive reuse units than any other U.S. city between 2020 and 2021, and SEPTA's new Transit Supportive Community Development program is creating a fresh wave of transit-oriented mixed-use opportunities near regional rail stations. Whether you are financing a ground-up residential-over-retail project in Fishtown, repositioning a historic warehouse in Northern Liberties, or acquiring a stabilized mixed-use building near a SEPTA station in Graduate Hospital, understanding the lending landscape specific to Philadelphia mixed-use loans is essential to structuring the right deal.

This guide covers current loan rates, Philadelphia's 10-year tax abatement and its impact on underwriting, the hottest development corridors from Point Breeze to Navy Yard, and the financing structures that work best for the city's diverse mixed-use opportunities.

What Makes Philadelphia Unique for Mixed-Use Development?

Philadelphia offers a combination of financial incentives, historic building stock, and transit infrastructure that few East Coast cities can match for mixed-use investors. Three factors in particular set the market apart.

The 10-Year Tax Abatement. Philadelphia's property tax abatement program has been one of the most powerful drivers of new mixed-use development in the city's history. The current iteration, launched in 2022, offers a 100% abatement on the improvement value in year one, declining by 10% each year over the remaining nine years. For the residential portion of a mixed-use property, this means developers and investors pay taxes only on land value during the early years of ownership, saving tens of thousands of dollars annually. Mayor Cherelle Parker's administration is also exploring the possibility of bringing back the original full 10-year abatement for properties in underinvested communities, which could further boost mixed-use development in emerging neighborhoods like Point Breeze and parts of West Philadelphia.

For lenders, the tax abatement improves a property's debt service coverage ratio during the critical early years of stabilization, making newly constructed or renovated mixed-use projects significantly more bankable.

Historic Building Stock and Adaptive Reuse. Philadelphia's inventory of 19th and early 20th century industrial buildings, warehouses, and commercial structures creates a deep pipeline of adaptive reuse opportunities. The city converted 1,863 units through adaptive reuse in 2020 and 2021 combined, more than any other U.S. city over that period. Former factories in Northern Liberties, warehouses along the Delaware River waterfront, and commercial buildings in Old City are being transformed into mixed-use properties with ground-floor retail or restaurant space and residential units above. Federal and state historic tax credits can cover 20% to 25% of qualified rehabilitation costs for designated historic buildings, stacking on top of the 10-year tax abatement to create compelling project economics.

SEPTA Transit Network. Philadelphia's extensive public transit system, operated by SEPTA, includes regional rail, subway, trolley, and bus lines serving 306 stations and stops across the metro area. SEPTA recently launched its Transit Supportive Community Development program to spur mixed-use development near transit stations, with projects already in progress at Germantown, Ambler, and Conshohocken stations. For mixed-use investors, proximity to SEPTA stations translates to stronger tenant demand, reduced parking requirements, and higher property values.

What Are the Current Mixed-Use Loan Rates in Philadelphia?

As of early 2026, Philadelphia commercial mortgage rates for mixed-use properties generally fall between 5.50% and 9.50%, depending on loan type, leverage, property quality, and borrower profile. Lending activity has surged, with the CBRE Lending Momentum Index rising 112% year-over-year in Q3 2025, marking the highest lending activity since 2018. The prime rate has settled at 6.75% as of December 2025, providing more stability for borrowers after the volatility of 2023 and 2024.

Here is a breakdown of common financing structures for Philadelphia mixed-use loans:

• Conventional commercial mortgages typically price between 6.00% and 7.50% for stabilized mixed-use assets with 25-year amortization and 5- to 10-year fixed-rate terms. Lenders prefer a minimum DSCR of 1.25x to 1.30x for Philadelphia properties.
• SBA 504 loans offer some of the most competitive rates available, often in the 5.50% to 6.50% range for owner-occupied mixed-use buildings. Philadelphia business owners who occupy at least 51% of their building can leverage SBA loan programs to finance with as little as 10% down.
• Bridge loans range from 7.50% to 10.50% and provide short-term capital for acquisitions, renovations, or lease-up before permanent financing. Bridge loan programs are especially popular for value-add mixed-use plays in rapidly changing Philadelphia neighborhoods like Point Breeze, Fishtown, and Kensington.
• DSCR loans underwrite based on the property's cash flow rather than the borrower's personal income, making them ideal for investors scaling portfolios across multiple Philadelphia submarkets.
• Construction-to-permanent loans finance ground-up mixed-use developments from construction through stabilization, with rates between 7.00% and 9.50% and loan-to-cost ratios of 60% to 70%.

Fannie Mae and Freddie Mac multifamily programs also finance mixed-use properties as long as commercial space does not exceed 35% of total square footage. These agency loans can offer rates in the low-to-mid 5% range with 30-year terms.

Use our commercial mortgage calculator to estimate monthly payments across different rate scenarios.

Which Philadelphia Neighborhoods Offer the Best Mixed-Use Opportunities?

Philadelphia's compact urban form and neighborhood-level commercial corridors create mixed-use investment opportunities across a wide range of submarkets. Here are the corridors and neighborhoods drawing the most investor attention in 2026:

Northern Liberties has completed its transformation from an industrial district to one of Philadelphia's most desirable neighborhoods. The area features nearly 185,000 square feet of new commercial space under construction, anchored by the Piazza complex developed by Post Brothers. Mixed-use properties combining residential units above restaurant and retail space perform exceptionally well along 2nd Street and Germantown Avenue. Cap rates for stabilized mixed-use range from 5.50% to 6.50%, reflecting strong institutional demand and walkability.

Fishtown continues to lead Philadelphia's development boom. U.S. Development recently completed Frankford Grand, a 107-unit luxury residential and retail property on two formerly vacant city blocks, featuring a brick facade with loft-style windows and 15,000 square feet of ground-floor retail spanning two stories. Fishtown's Frankford Avenue corridor has become one of the city's premier dining and nightlife destinations, driving strong demand for residential-over-retail mixed-use. Cap rates range from 5.75% to 7.00%, with value-add opportunities along secondary corridors.

East Market and Center City represent the institutional core of Philadelphia's mixed-use market. The Reimagining Market East Initiative, launched by Mayor Parker in late 2025, aims to transform the corridor into a world-class civic, commercial, and entertainment destination, backed by Comcast's $60 million land purchase for long-term mixed-use development. The former Wanamaker Building has 622 apartments planned, and more than 900 residential units are actively under construction in Center City with another 1,400 teed up. Cap rates for stabilized Class A mixed-use in Center City range from 4.75% to 5.75%.

Navy Yard is undergoing a massive transformation under the Ensemble/Mosaic joint venture, which holds development rights to 109 acres. AVE Navy Yard, a $285 million mixed-use development, opened in 2025 with 614 residential units and 25,000 square feet of ground-floor retail. The master plan calls for 9 million square feet of new development, including 4,000 apartments, lab and manufacturing space, and 235,000 square feet of retail. Governor Shapiro highlighted a $30 million state investment in the Navy Yard, signaling long-term government support.

Graduate Hospital saw the largest residential population increase in Philadelphia at 15.7%, adding 2,100 residents between 2016 and 2021. The neighborhood's proximity to Center City and walkable commercial streets make it attractive for smaller mixed-use projects. Ground-floor commercial space commands premium rents along South Street and Broad Street. Cap rates range from 5.50% to 6.75%.

Point Breeze remains one of Philadelphia's most active emerging markets for mixed-use development. Median housing prices surged from roughly $30,000 in 2000 to $234,000 in 2016, and development activity has only accelerated since. The neighborhood benefits from proximity to Graduate Hospital's heated real estate market, and investors are targeting mixed-use value-add plays along Broad Street and Point Breeze Avenue. Cap rates range from 6.50% to 8.00%, reflecting the area's emerging status and higher yields.

Schuylkill Yards is anchored by a $300 million mixed-use tower that recently attracted FS Investments to relocate its headquarters from the Navy Yard. The development district near 30th Street Station benefits from Amtrak, SEPTA regional rail, and subway connections, making it one of the best-connected mixed-use locations in the Northeast.

How Does SEPTA Drive Mixed-Use Development in Philadelphia?

SEPTA's transit network is one of the most extensive in the country, and the authority's new focus on transit-oriented development is creating fresh mixed-use investment opportunities across the region.

SEPTA launched the Transit Supportive Community Development (TSCD) Program as a key initiative of its SEPTA Forward Strategic Plan. The program aims to expand access to transit by shaping development near SEPTA services, with goals including increased ridership, improved social equity through mixed-use and mixed-income projects, and reduced reliance on cars.

Key SEPTA TOD projects in the pipeline include:

• Germantown Station will be the first Transit Oriented Communities project within Philadelphia city limits, chosen for its excellent transit connectivity through the Chestnut Hill East regional rail line and multiple bus routes.
• Ambler Station is seeking a developer for a mixed-use project with up to 170 units and ground-floor retail on a three-acre parking lot, structured as a 99-year ground lease.
• Conshohocken Station selected Alterra Property Group to develop a 300-unit mixed-use project adjacent to the regional rail station.
• 69th Street Transit Center is being evaluated for transit-oriented development potential.

For borrowers seeking Philadelphia mixed-use loans, SEPTA proximity impacts financing in several ways:

• Higher appraised values. Properties near transit stations typically appraise at a premium, supporting larger loan amounts.
• Stronger tenant demand. Both residential tenants and commercial operators value transit access, reducing vacancy risk in lender underwriting.
• Reduced parking requirements. TOD-oriented projects near SEPTA stations can justify lower parking ratios, cutting construction costs by $30,000 to $60,000 per eliminated space.
• Institutional investor interest. Pension funds and REITs increasingly target transit-adjacent mixed-use assets, providing a clearer exit strategy for borrowers.

How Does Philadelphia's Historic Adaptive Reuse Create Mixed-Use Opportunities?

Philadelphia leads the nation in adaptive reuse, and the combination of historic building stock, federal and state tax credits, and the 10-year tax abatement makes converting older buildings into mixed-use properties uniquely attractive.

The city's former industrial neighborhoods, particularly along the Delaware River waterfront, in Northern Liberties, and in parts of West Philadelphia, contain hundreds of 19th and early 20th century warehouses, factories, and commercial buildings eligible for conversion. The Frankford Grand project in Fishtown, designed by Perkins Eastman, demonstrates how industrial sites can become luxury mixed-use properties with ground-floor retail and residential above.

The FringeArts Building, a 1904 pumping station at Race Street and Columbus Boulevard, showcases how even civic infrastructure can become mixed-use, now housing a performing arts nonprofit, La Peg Restaurant, and an outdoor beer garden. The Girard Square project converted the Stephen Girard Building into a hotel as part of a broader mixed-use transformation.

Financial incentives for adaptive reuse mixed-use projects stack as follows:

• Federal Historic Tax Credits: 20% of qualified rehabilitation expenditures for certified historic structures, taken as a direct credit against federal income tax.
• Pennsylvania State Historic Tax Credits: An additional 25% of qualified rehabilitation expenditures for certified historic structures, further reducing out-of-pocket costs.
• 10-Year Tax Abatement: The residential portion of the converted building qualifies for the declining abatement, reducing property taxes during the critical stabilization period.
• Opportunity Zone Benefits: Several of Philadelphia's historic industrial corridors fall within designated Opportunity Zones, allowing investors to defer and potentially reduce capital gains taxes.

For lenders underwriting adaptive reuse mixed-use projects, the combination of tax credits and abatements can reduce effective project costs by 30% to 45%, significantly improving leverage metrics and debt coverage ratios.

What Loan Structures Work Best for Philadelphia Mixed-Use Properties?

The right loan structure depends on the property type, borrower profile, and business plan. Here are the most common approaches for Philadelphia mixed-use deals:

Stabilized Residential-Over-Retail

For an occupied mixed-use building with stable tenants and a track record, a conventional commercial mortgage or DSCR loan typically offers the best combination of rate and terms. Lenders generally require a minimum DSCR of 1.25x to 1.30x and will underwrite the commercial and residential components separately. The 10-year tax abatement can significantly improve DSCR during the early years of ownership, making recently constructed properties especially attractive for permanent financing.

Value-Add and Renovation Projects

Properties that need lease-up, renovation, or repositioning often start with a bridge loan before refinancing into permanent debt. A typical structure involves a 12- to 36-month bridge at 8% to 10% followed by a takeout into a 5- or 7-year fixed rate in the 6% to 7% range. Philadelphia's deep inventory of aging commercial corridors in neighborhoods like Point Breeze, Kensington, and West Philadelphia provides value-add opportunities where investors can acquire below replacement cost and renovate into modern mixed-use.

Owner-Occupied Mixed-Use

Business owners who occupy commercial space in their mixed-use building can access SBA financing, which offers lower down payments (as low as 10%) and competitive rates. The SBA 504 program is particularly attractive for Philadelphia entrepreneurs operating restaurants, professional offices, or retail businesses along corridors like Passyunk Avenue, Frankford Avenue, or East Girard Street.

Ground-Up Mixed-Use Construction

New construction mixed-use projects typically require a construction-to-permanent loan structure. Expect 60% to 70% loan-to-cost, personal guarantees, and a requirement to show pre-leasing on the commercial component. The 10-year tax abatement makes ground-up development in Philadelphia more attractive than in peer cities because the reduced tax burden during the abatement period improves stabilized returns and accelerates investor payback.

Historic Adaptive Reuse

Projects involving historic buildings can leverage specialized financing structures that account for historic tax credits and the 10-year abatement. Some lenders will bridge historic tax credit proceeds, effectively advancing the value of the credits at closing to reduce equity requirements. This specialized structure is particularly common in Philadelphia given the volume of eligible buildings.

How Does Philadelphia's Economy Support Mixed-Use Investment?

Philadelphia's economic fundamentals provide a strong foundation for mixed-use property investment. The city's diverse employment base, anchored by healthcare and education ("eds and meds"), has proven resilient through multiple economic cycles.

The Greater Philadelphia region is home to more than 100 hospitals and health systems, including the University of Pennsylvania Health System, Jefferson Health, and Temple University Health System. These institutions employ hundreds of thousands of workers who create sustained demand for both residential units and ground-floor services in mixed-use buildings. The proximity of major medical campuses to neighborhoods like University City, Graduate Hospital, and North Philadelphia generates natural demand for live-work-play environments.

Philadelphia's technology sector is growing rapidly, anchored by Comcast's Innovation and Technology Center and a growing startup ecosystem in University City and Center City. Comcast's $60 million land purchase for mixed-use development on Market East signals continued corporate investment. The city's lower cost of living compared to New York, Boston, and Washington, D.C. attracts young professionals who prefer walkable, mixed-use neighborhoods.

The mixed-use property market is showing price strength, with median prices reaching $111 per square foot as of Q3 2025, a 14% year-over-year increase. This appreciation reflects growing investor confidence in Philadelphia's mixed-use fundamentals.

For lenders underwriting Philadelphia mixed-use loans, the city's economic diversity reduces concentration risk. A mixed-use property near a SEPTA station draws tenants from healthcare, education, technology, professional services, and hospitality, creating a resilient income base for both the residential and commercial components.

What Are the Cap Rates and Return Profiles for Philadelphia Mixed-Use?

Philadelphia mixed-use properties offer compelling risk-adjusted returns compared to other Northeast corridor cities. The city's cap rates are higher than New York and Washington, D.C. but reflect a market with strong fundamentals and growing institutional demand.

Here is how cap rates break down across Philadelphia's mixed-use submarkets:

• Center City and Rittenhouse: 4.75% to 5.75% for stabilized Class A mixed-use, reflecting strong institutional demand and premium walkability.
• Northern Liberties: 5.50% to 6.50%, driven by the Piazza complex, restaurant scene, and proximity to Center City.
• Fishtown: 5.75% to 7.00%, varying based on property condition, Frankford Avenue proximity, and tenant quality.
• Graduate Hospital: 5.50% to 6.75%, benefiting from rapid population growth and Center City spillover demand.
• Navy Yard: 5.25% to 6.25% for institutional-quality mixed-use with master plan momentum.
• Schuylkill Yards / University City: 5.00% to 6.00%, reflecting transit connectivity and institutional anchor tenancy.
• Point Breeze: 6.50% to 8.00% for properties requiring renovation or repositioning, offering the highest yields for investors willing to accept emerging-market risk.
• East Kensington / Olde Kensington: 6.00% to 7.50%, reflecting the development boom radiating outward from Fishtown and Northern Liberties.

For premium mixed-use properties in Center City, stabilized Class A assets trade at cap rates of 4.50% to 5.25%, reflecting institutional buyer interest and the depth of the city's office-to-residential conversion trend. Use our commercial mortgage calculator to model cash-on-cash returns at different cap rates and financing structures.

What Tax Incentives and Programs Support Philadelphia Mixed-Use Development?

Philadelphia offers one of the most generous incentive stacks for mixed-use development of any major U.S. city. Understanding and layering these programs can dramatically improve project economics.

10-Year Tax Abatement. The centerpiece incentive for Philadelphia mixed-use development. New construction and major renovations receive a 100% abatement on improvement value in year one, declining 10% annually. For a mixed-use building with $2 million in improvement value and a 1.3998% tax rate, the first-year savings exceed $27,000. Over the 10-year period, cumulative savings can reach $150,000 or more, depending on assessed value.

Federal Historic Tax Credits. A 20% credit on qualified rehabilitation expenditures for certified historic structures. On a $3 million adaptive reuse project, this represents $600,000 in direct federal tax credits.

Pennsylvania State Historic Tax Credits. An additional 25% credit on qualified rehabilitation expenditures, bringing the combined federal-state historic tax credit benefit to 45% of qualified costs.

Opportunity Zones. Multiple Philadelphia neighborhoods are designated federal Opportunity Zones, including portions of North Philadelphia, West Philadelphia, Kensington, and the Navy Yard district. Investors can defer and potentially reduce capital gains taxes by investing in qualified mixed-use projects within these zones.

Keystone Opportunity Zones (KOZ). Pennsylvania's KOZ program offers significant state and local tax relief for businesses locating in designated zones, including portions of the Navy Yard.

LERTA (Local Economic Revitalization Tax Assistance). In some designated areas, Philadelphia offers additional property tax exemptions for improvements to commercial properties, which can stack with other incentives for mixed-use projects.

How Should Borrowers Underwrite a Mixed-Use Property in Philadelphia?

Underwriting a mixed-use property in Philadelphia requires evaluating both the residential and commercial components separately, then combining them into a blended analysis. Lenders focus on several key metrics:

Debt Service Coverage Ratio (DSCR): Most lenders require a minimum DSCR of 1.25x to 1.30x for stabilized mixed-use properties. Properties with a higher percentage of commercial income (over 30%) may face stricter requirements of 1.30x to 1.40x. The 10-year tax abatement improves DSCR during the early years, which some lenders will factor into their analysis with a declining benefit schedule. Use our commercial mortgage calculator to model your numbers.

Vacancy Assumptions: Lenders typically assume 5% to 7% vacancy for residential units and 10% to 15% vacancy for commercial space in Philadelphia mixed-use buildings. Ground-floor retail along established corridors like Frankford Avenue or Passyunk Avenue may warrant lower vacancy assumptions due to demonstrated demand.

Expense Ratios: Philadelphia mixed-use properties generally carry operating expense ratios of 35% to 45% of effective gross income, somewhat higher than Sun Belt markets due to older building stock, higher labor costs, and the Philadelphia wage tax. However, the 10-year tax abatement significantly reduces the property tax component of operating expenses for newer projects.

Commercial Tenant Quality: Ground-floor tenants with national credit ratings strengthen the underwriting, while local small businesses may prompt lenders to discount that income or apply higher vacancy factors. Lease terms matter: lenders prefer commercial leases with at least 5 years remaining and annual rent escalations.

Philadelphia-Specific Considerations:

• The 10-year tax abatement schedule must be accurately modeled, including the annual 10% decline in benefit
• The Philadelphia wage tax (3.75% for residents, 3.44% for non-residents as of 2025) affects tenant income and therefore rental market dynamics
• Older building stock may carry higher capital expenditure reserves (typically 4% to 6% of effective gross income vs. 2% to 3% for new construction)
• Historic buildings require environmental assessments and may have asbestos or lead paint remediation costs
• Philadelphia's business income and receipts tax (BIRT) at 1.415 mills on gross receipts affects commercial tenant profitability

What Steps Should You Take to Finance Your Philadelphia Mixed-Use Project?

Financing a mixed-use property in Philadelphia involves several steps, each requiring attention to the city's unique regulatory and incentive landscape. Here is how to position your project for the best possible terms:

Step 1: Evaluate Location and Transit Access. Determine whether your property is near a SEPTA regional rail station, subway stop, or major bus corridor. Check whether the property falls within an Opportunity Zone, Keystone Opportunity Zone, or LERTA district. These factors affect both development potential and financing options.

Step 2: Assess Tax Abatement Eligibility. Determine whether the project qualifies for the 10-year tax abatement and model the benefit across the full declining schedule. For historic properties, evaluate eligibility for federal and state historic tax credits and work with a qualified tax credit consultant to maximize the benefit.

Step 3: Assemble Your Pro Forma. Build a detailed development budget and operating pro forma that accounts for Philadelphia-specific costs including the property tax abatement schedule, wage tax impacts on rental demand, BIRT for commercial tenants, and the condition of historic building systems. Model different residential-to-commercial ratios to find the optimal mix.

Step 4: Choose the Right Loan Product. Match your financing to your investment strategy. Stabilized acquisitions work best with conventional commercial mortgages or DSCR loans. Owner-occupied properties benefit from SBA 504 financing. Value-add projects require bridge loans before transitioning to permanent financing. Historic adaptive reuse projects may benefit from specialized lenders who can bridge tax credit proceeds.

Step 5: Prepare Your Loan Package. Lenders financing Philadelphia mixed-use properties will require a completed loan application, personal financial statements, property appraisal, environmental Phase I assessment, rent rolls and lease abstracts, historical operating statements (for existing properties), development budget with construction timeline (for new construction), and documentation of any tax abatement or historic tax credit applications.

Step 6: Work with an Experienced Lender. Mixed-use properties combine residential and commercial elements, creating complexity in underwriting. Choose a lender with specific experience in Philadelphia's market who understands the 10-year tax abatement, historic tax credits, and SEPTA transit-oriented development dynamics.

Contact our team today to discuss your Philadelphia mixed-use financing needs. We specialize in structuring loans for mixed-use developments across the Greater Philadelphia metro area.

Frequently Asked Questions About Philadelphia Mixed-Use Loans

What is the minimum down payment for a mixed-use property loan in Philadelphia?

Down payment requirements vary by loan type. Conventional commercial mortgages typically require 20% to 25% down. SBA 504 loans offer the lowest entry point at 10% to 15% for owner-occupied mixed-use properties. Bridge loans generally require 25% to 35% equity. DSCR loans typically require 20% to 30% down depending on the property's cash flow. The stronger the property's income and the borrower's financial profile, the more leverage a lender will provide.

How does the 10-year tax abatement affect mixed-use loan underwriting?

The 10-year tax abatement significantly improves a property's debt service coverage ratio during the early years of ownership by reducing the property tax burden. Most lenders will factor the abatement into their underwriting, though they may also stress-test the property's performance at the fully-loaded tax rate after the abatement expires. Borrowers should present a pro forma showing both the abated and unabated scenarios. The declining structure (100% in year one, decreasing 10% annually) means lenders want to see that the property can support its debt service even as the abatement phases out.

Can I stack historic tax credits with the 10-year tax abatement?

Yes, and this is one of Philadelphia's most powerful advantages for mixed-use investors. The federal 20% historic tax credit and the Pennsylvania 25% state historic tax credit can be combined with the 10-year tax abatement on the residential portion of a qualified historic mixed-use building. This combination can reduce effective project costs by 30% to 45%, making otherwise marginal projects highly profitable. Work with a qualified tax credit consultant and a lender experienced in historic tax credit financing to maximize the benefit.

Which Philadelphia neighborhoods offer the best returns for mixed-use investors?

The answer depends on your risk tolerance and investment strategy. Point Breeze and East Kensington offer the highest cap rates (6.50% to 8.00%) and the greatest appreciation potential, but come with emerging-market risk. Northern Liberties and Fishtown provide a balance of strong cash flow and appreciation with cap rates of 5.50% to 7.00%. Center City and Rittenhouse offer the lowest risk and most institutional liquidity at cap rates of 4.75% to 5.75%, but with lower going-in yields. Navy Yard offers long-term upside driven by the master plan buildout.

Does SEPTA proximity improve my loan terms?

Yes, in several ways. Properties near SEPTA stations typically appraise higher, supporting larger loan amounts. The stronger tenant demand associated with transit access reduces vacancy risk in lender underwriting. And some lenders offer slightly more favorable terms for transit-oriented properties because they attract institutional buyer interest, providing a clearer exit strategy. SEPTA's Transit Supportive Community Development program is actively creating new mixed-use development opportunities near stations.

How long does it take to close a mixed-use loan in Philadelphia?

Timelines vary by loan type. Bridge loans can close in as little as 2 to 4 weeks. Conventional commercial mortgages typically take 45 to 75 days. SBA 504 loans require 60 to 120 days due to CDC involvement. Construction loans may take 60 to 90 days but require completed permitting before the lender commits. Historic adaptive reuse projects with tax credit financing may add 30 to 60 days for credit syndication. Get in touch with our team to get started.

Ready to finance a mixed-use property in Philadelphia? Contact Clear House Lending today to speak with an experienced commercial lending advisor who understands Philadelphia's unique market dynamics and can structure the right loan for your project.