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Updated over 9 years ago,
Getting First Commercial Loan
I'm considering jumping into my first 4+ unit commercial deal. Being that I've only done residential (4 units or less) properties, I'm a little wary of the process b/c I'm a new to the game and I'm looking for basic step-by-step process of what I should expect and what I'll need to get the ball rolling.
I did a forum search and found a few dozen posts, of which I read most, but curious if a few of the experts can distill this wisdom down a few key bullet points.
Such as...
- Setup LLC
- Contact commercial lender
- Assemble numbers and documents
- etc., etc., etc.
Thanks in advance.