mortgage on commercial apartment building

[Ron Singh]

whats best way to buy larger apartment complex (50+ units)

- is 25% down standard ? is it same for 1031 exchange scenario?

- how to shop for lender / best possible rate / no pre payment penalty etc

[Andrew Garcia]

Hi @Ron Singh, I would contact a commercial mortgage broker. They have access to a variety of products (agency, CMBS, banks, CUs, etc.)

It is not my lane so I won't speak on it too much.

I know a great one in CA. Feel free to shoot me a message and I will give you his contact info.