Commercial financing question

[Adam K.]

Hi all,
First time posting, but have been reading and researching the many great resources on BP for a while now. I am interested in purchasing commercial 8 - 12 unit apartment buildings in MA and am not very familiar with the commercial lending that would come into play. As I understand it, typically requires 30% down or LTV = 70%. Assuming I had the 30% down, what other requirements are there to overcome? Do banks usually require a track record of REI or some other requirements? I'm trying to get educated pretty quickly before speaking with lenders about some properties I am interested in. Thanks in advance.