What type of loan do I use on 6 unit?

[Account Closed]

I have an option on (what I think is) a great property. Undervalued 6 unit complex in pretty good area with under-market rents. Currently NO VACANCY and being sold by licensed agent. List on it is $119,900 and annual taxes approximately $6k. Each unit is 1bd 1bth rented at $400mo.

The tenants would be very receptive to the idea of slight increases in lue of getting some updates and cleaning it up. Looks to me like it would cashflow out of the gate depending on the loan I get.

That is where my big question is. In addition to general thoughts on this property, I need to know what to expect on a commercial property loan and what I should be looking for. How much cash should I be expecting to layout of something like this and what type of LTV's are available now. I know residential but nothing on commercial loans.

Thanks.

-Josh Kercher