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Updated over 8 years ago,
Commercial financing for MFR 10+ units (no experience)
I am interesting in buying an apartment complex for around $800K with the view to add value and raise overall worth to around $1M. I have 20% cash to put down. However, I have no experience in this field other than podcasts, youtube, and this site. Should I forget about qualifying for a loan or is there a way? AFAIK, I would need to procure a commerical real estate loan but getting this with no experience is unlikely.
Thanks
Matt