Financing first commercial deal

[Zach Shuta]

Have a commercial deal under contract and wondering if I can close on it myself rather than wholesaling it as I usually would.  Haven't dealt with commercial loans but wondering about preferred equity/bridge funding or other options to increase the dept ratio on the purchase.  Any ideas on funding options or good loan programs for first time commercial buyer?  Purchase price is likely under market value and rents already well above dept service and expenses. 

Deal: Chicago 8 unit residential purchase price 580k - Current rents $6500/m.  value add of 1500/m when owners unit is vacate and re-rented right after close.  and other value adds in garage and basement units at a cost of 50k can add 2500/m or more in rents.  building taxes 5800/y and expenses run about 10k/year under current management.  I'd likely self manage if purchased.

Any creative financing ideas?  Spoke to a couple of commercial lenders who seemed pretty firm on me bringing at least 20-30% down.  I know that's the standard but i'm looking for creative ideas to drive that down as I could likely sell the place for 20-30% more as-is.