Financing a 5 Unit Apartment Building

[Nick M.]

Hi All

Hope things are well.

I am interested in purchasing a 5 unit building.  Price circa $260 with 25% down.  It cash flows positively, I have strong credit and have previously managed rentals (single family) and currently own a duplex.

Could you please share what the "closing" costs would be on this property- ball park - how are they calculated on a commercial property?   Ultimately, I'm trying to calculate the total out of pocket costs I can expect to shell out.

Thanks!