What are financing requirements on a Commercial apartment 8-24unt
What are the typical financing requirements for a mid size commercial multifamily. 8-24 units? I have heard many people talk about 25% down ect. But are there any other requirements on personal income. I know for single family residential approval is based upon personal debt to income ratios. So for a mid-size multi-family would they base it on down payment and income it produced? For example. If an investor had 150k to invest would that mean approval would be up to a $600k building?