What finance institution have people used for commercial loan

[Michelle Kalisz]

Hi everyone,

I am new to the investor community.  I am looking to buy my first (!) property in Brooklyn, NY, a 5-unit multifamily building, which would fall under a commercial loan (which I've done intentionally).

Aiming for 900k purchase price 720k in financing.  As this is the first go, wondering if people have experience with the loan process.  I have talked to Wells Fargo and another bank and they don't give you too much info until you have the building in hand.

Specific questions:

- I assume bank sends their inspector to the building to assess, any idea how much this costs?

- any leads on banks people have had good experiences with?

- how impt is personal income? I was told it is almost dictated completely by the building's income.

Thank you for any help!