Tips and Best Practices for Commercial Loans

[James Spevak]

Hi Bigger Pockets community! 

I have been investing in small multi family rentals in the Milwaukee for the past few years and am now looking to move into commercial properties. I have been analyzing some off market units (between 20 and 40 units) and would love to hear best practices around property due diligence with these larger units and financing routes. I do work closely with about three or four people in the area who would be interested in pursuing these opportunities together. Any insight would be fantastic, thanks! 

[Erik Estrada]

Quote from @James Spevak:

Hi Bigger Pockets community! 

I have been investing in small multi family rentals in the Milwaukee for the past few years and am now looking to move into commercial properties. I have been analyzing some off market units (between 20 and 40 units) and would love to hear best practices around property due diligence with these larger units and financing routes. I do work closely with about three or four people in the area who would be interested in pursuing these opportunities together. Any insight would be fantastic, thanks! 

 Do any members in your company have commercial real estate investing experience? A lot of commercial banks require it, but a few don't. 

Also are you looking at distressed properties? Or do these properties have at least a 70% occupancy? How much are you looking to put down?