Very Basic Question About Commercial Lending

[Ember Meadows]

Hey guys, I am sure this is a naive question-but is getting a loan for an apartment building just as difficult if not more than a home?

I recently talked to someone who told me that on apartment complex loans banks look more at the rental income numbers. I doubt its that simple.

Basically is it the same exact stuff as a home loan: good credit, bigger downpayment and you have to have w-2's? Of course along with numbers to back up the apartment complex is a good investment.

I was recently made aware of a apartment complex going into foreclosure-I have good credit, money to put down, however recently became self employed and I am sure the 2 year rule applies....any input would be appreciated...