Commercial appraisals often take around 30 days, and with the holidays coming up, timing will only get tighter.

So I figured commercial real estate would make more sense.

I was a commercial lender with both larger national and smaller community banks in FL and I own a mortgage company now.

For the fastest close:Local banks / credit unions (portfolio lenders).They can close in 2–3 weeks and are way more flexible on DSCR, condition, and occupancy than big commercial lenders.20–25 percent down5–6.5 percent interest depending on market20–25 year amortizationThey’ll usually let you roll some of the rehab into the loan if you can show bidsA strong W2 plus existing rentals puts you in a great position with them.2.

Hello All - Currently doing single family rehabs but want to get into commercial properties.

If you’re experienced in commercial deals (or can point me to the right person), please reply or DM me.

A lot of investors stay away from this asset class because they don’t really understand the commercial side, and plenty of lenders won’t touch it.

I’m representing a buyer on a mixed-use property on the North Shore of Staten Island:The building consists of: 2 residential (1 vacant, 1 occupied)2 commercial (both vacant)Most local lenders I spoke with aren’t comfortable financing vacant commercial units.Looking for any lenders or brokers who’ve successfully funded similar deals —Appreciate any leads or advice 🙏— Yong

For a purchase analysis, I would have included the cost of management in the expenses because that is a normal expense associated with a commercial building. 

I’m a commercial real estate agent and investor focusing on multifamily in Columbus, Ohio.