Commercial Property Under Contract

[Brandon G.]

Hello,

There is a commercial property I am looking to get under contract, pending financing, to build a self-storage facility and have a few questions.  Is it typical to put down a deposit to get a piece of property under contract?  As the buyer of a piece of land, with nothing on it, for commercial use, what is typical of costs that the buyer will be responsible for?  Half of closing costs, etc?  If there is a deposit ($2,000 is what the owner has suggested) for getting under contract and I am for some reason unable to get financing, I presume that payment is completely lost, correct?

Thank you,

Brandon