30 Unit Purchase and Loan Advice Needed!

[Ryan Gibson]

Hey there.  First, thanks for taking the time to read this.

My business partner and I are looking to purchase a 30 Unit building for approximately $1mil.  We are willing to put down anywhere between 30 to 50%.  The building itself is in great shape, with a new roof, new electrical, new windows, new boiler, and is 100% occupied.

Generally most of our real estate purchases are cash so we are not very experienced in finding loans, let alone multifamily or apartment loans.  

My question is, what type of multifamily loan should we be looking at getting?

Thanks!

[Charlie Fitzgerald]

This is a commercial loan.  Talk to commercial lenders.