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Financing for commercial and multi-family properties
For those who have explored or utilized such financing options, what has your experience been like? What should first-time investors be aware of when considering these types of loans, and what tips would you share for navigating the process successfully?"
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Benjamin Aaker
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I very much agree with @Erik Estrada. Get your financial documents in order first. Talk to multiple lenders. The offers they make will vary quite a bit. Discuss up front what they think the time to underwrite will be. This is largely dependent on your getting the requested documents in, so have those ready to go. Try to research various types of loans first to have an idea of what you want.