Looking for commercial loan

[Nicholas Weckstein]

I've posted on this topic before but I find myself needing to understand this better. And what better place to turn then bigger pockets! I want to get into commercial properties. Mainly apartment buildings. Id like to know what the terms and requirements are. So for example. I find an 8 unit building for say 300k. What is the going LTV ? Credit score requirements ? Property DSCR ratio ? What are some typical loan terms What else do commercial lenders look for. What will it take to be pre approved ? In my mind I'd like to find something with a 7-10 year balloon payment amortization period of 20-30 years. I'd put 20-25% down. I have one multifamily property, so I do have experience. The plan is to keep buying commercial properties. Once their paid off. Cash out Refi and finance bigger and bigger acquisitions. Thanks in advance !