Commercial real estate loan for owner occupied mixed use building for live/ work
Hi All, 

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My wife is a dermatologist and we are hoping to start a small medical practice for her in a live- work situation in which we live in a mixed use building and also use the commercial space of the building for her practice. We have identified a building but when we approached our lenders, they could only offer us owner occupied multifamily home loans which were capped at a pretty low amount. I was wondering if there is another way to go about this. We would like to combine the best of "mortgage hacking" by living in a multifamily, renting out the additional residential unit and also save on the cost of rent that would to a landlord for her medical office space. Is there a way to take out some kind of combined loan in which we can supplement the owner occupied mortgage amount with a business loan since we plan to run her medical practice out of the same building?

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Thanks!
[{"id": "itx96tl", "text": "Your best bet is a doctor loan program. Primary residency and commercial mixed use don't usually fly.", "replies": [{"id": "itz8kgm", "text": "Thanks can you point me towards resources regarding Doctor loan programs?", "replies": [{"id": "itz8rmz", "text": "What state?", "replies": [{"id": "itz93o2", "text": "NY. Thanks!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "itxp0e9", "text": "PMing you.", "replies": [], "depth": 1}, {"id": "ity2xwg", "text": "CRE mortgage broker here. This is easy to do with a private/hard money loan. Shoot me a PM if this is in CA, I can most likely place it at very competitive rates.", "replies": [{"id": "itz8h4o", "text": "Nope, NY thanks though", "replies": [], "depth": 2}], "depth": 1}, {"id": "itzrgme", "text": "Resources for finding private/hard money lenders\n\n[https://privatelenderlink.com/search/](https://privatelenderlink.com/search/)\n\n[https://capitalrecon.com/](https://capitalrecon.com/)", "replies": [], "depth": 1}, {"id": "iu1au6m", "text": "What exactly don't you like with the multi-family loans vs. a commercial loan?  Couldn't your wife just pay rent back to you / all as a holding company?  \n\n\nI had a friend who had a live / work warehouse, and he got audited in a serious way when he sold the warehouse 20 years later, and owed a ton of back taxes since he did break out the percentage of personal use vs. business use.", "replies": [{"id": "iu1giw0", "text": "i dont have a commercial loan. that's what i'm here asking about.", "replies": [{"id": "iu560we", "text": "What don't you like about taking out a residential loan?  (Rate?  Downpayment?).", "replies": [{"id": "iu56e3c", "text": "So the residential loan doesn\u2019t factor in the commercial space and will only count as a 2 family home, and undervalues the building, thus the total amount to be loaned out leaves a large gap that I would need covered", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]