Logistics of Getting a Commercial Loan as First Ever Loan

[Sean O'Dowd]

I am really interested in the idea of purchasing a multi-family property, likely in the Chicago area. 

I have found many properties in the 250,000-500,000 price range. 

As a commercial loan, my guess is that I have to get it at a bank, with 25% down for a 75% LTV.

At that point, I'm lost! Could someone walk me through the next steps from when I walk into the bank to get this loan, and when I take possession of the property?