Commercial loans and their requirements

[Jeff Plair]

How does the commercial loan process work? What's required to obtain a commercial loan for apartment complexes? example down payment size!!

[Joel Owens]

Depends on the number of units.

10,20,30 units likely local bank. Larger properties you go into commercial lenders. They both underwrite borrower a little differently.

Revers question would be how much capital (cash) do you have to invest today??

Typical down is 25% with some instances of lender allowing a seller carryback of 10% for putting 15% down.