Commercial Loan Process & Qualification

[Seth Myers]

Hi everyone,

I'm interested in Multi-Family apartments in Grand Rapids area. I'm just curious the process of getting a commercial loan when using syndication. Having investors pool their money for the down payment and using a loan for the rest. Does anyone have any insight to this? The process, what the qualifications are, etc.

[James McDaniel]

It is best to have a lender work with you in the beginning to guide you a long the way. It is a lot different from the mentality of SF properties. With MF, it is good to have your investors and lenders ready to join in from the beginning. If you would like to go over these things, feel free to give me a call or email me.