Updated over 8 years ago on . Most recent reply
Seeking advice on commercial loans.
Hello BP folks. I need some input on a multi family deal I'm currently looking into. It is a 5 plex near my home town in the Central Valley, CA. I will be making an offer of 200k and will be putting down 25%. After all expenses, I'm projecting a net cash flow of 1000k per month. Since this is more than 4 units, I will have to obtain a commercial loan. Any recommendations on how I should approach this or things I should look out for? Thanks in advance!