Commercial lending for beginners

[Michael Bryant]

I’m currently looking at a 25 unit apartment complex. Has anyone else had luck or difficulties finding a commercial lender to lend to someone who is relatively new?

[Matthew Crivelli]

Being new usually isn't a big obstacle. The biggest issues I see people running into when buying a large multi family is the 25%-30% down-payment plus reserves. You need to have a good amount of cash and you need to find a property that fits the box. 40k -50k per unit valuation at least 90% stabilized unless you want to try and brrr the property with a rehab loan before getting into a long term solution.