Commercial loan for multifamily?
Hello!! We are going to meet with someone today about purchasing his 8 plex. It was a sudden thing, and I haven't had a lot of time to do my research. This will be our first multifamily purchase, and I'm not certain how to go about financing or how to determine a reasonable asking price. Is a commercial loan the way to go in this circumstance? Any advice would be much appreciated! Thank you!
Shannon