First Deal, what type of loan should we get?

[Jacob Price]

This may be rudimentary, but there is a lot out there, so I wanted to have some other opinions. I've found a 10 unit that is selling for a fantastic price especially considering it already has cash flow, it's fully occupied, and everything has checked out. The owners have had it in their business for a long time and are just ready to retire. My partner and I have enough for 20-25% down, and were wondering which type of loan would suit us better as we would still need 160k or so. Would you try to do a commercial real estate loan or conventional? Going to chat with the bank tomorrow and wanted to have my head on a swivel prior to having that chat. Bigger Pockets has got me this far, don't fail me now!