LTV or LTC when financing a commercial property lease option

[Bryan Unsworth]

Good afternoon fellow BP fans, we struck a really good deal last year and have a purchase option on a building in Charlotte, NC. The building is flex use industrial and market value is about $2.2 million and our option price is $1.4 million. We' re looking to exercise the option and get financing at 75% LTV fully owner occupied so we can purchase the building and put some cash in reserves. Is this a realistic expectation for financing? We want to make sure we set our expectations as a realtor told us most lenders will only use cost or LTC and not LTV. Our business has occupied the building and paid rent to the current landlord since we signed the original purchase option. Any input is greatly appreciated.