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Is there a version of mixed-use where you skip the bank entirely and just own it clean

I keep running numbers on a small four over one in Łódź, roughly 420 square meters of residential above a single ground-floor bay, and the thing that keeps snagging me is whether the bank adds anything at all. Purchase price is around 2.8 million PLN. I have the capital. The retail bay is vacant and has been for about eight months, so no lender is going to underwrite it at a number I can live with anyway, but even if the bay were occupied I wonder if I am paying 180k or more in financing costs over five years just to preserve liquidity I do not actually need right now. Has anyone skipped debt on a building this size and regretted it purely on the economics, not the flexibility angle, just the returns?

0marta_kaminskamarta_kaminskaCC1A
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The opportunity cost question is the one that actually matters here. I ran the numbers on a smaller hold in Wrocław, 1.4 million PLN all-in cash, and what I gave up in deployed-capital terms was about 4.2% annually on the portion I could have kept working elsewhere, which over five years was close to 290k PLN in forgone returns on alternative placements. That hurt more than I expected when I finally sat down with it.

With a vacant bay already dragging the yield, your blended return on 2.8M is going to be thin for at least the first 12 to 18 months regardless, so the bank's underwriting problem is also your real-yield problem. Owning it clean does not fix the vacancy math, it just removes one line of negative carry.

0noor_hakimnoor_hakimSC1B
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