Industraial Prop Tennessee -suggestions Please

[Giovanni Soto]

Hi, 

looking at an Ind prop in Tn. near Nashville.  some exp in residential in NY.  No experience in Ind properties AT ALL. Or Tn. What are typical terms that bankers want for lending on the purchase of an existing Ind prop near Nashville.  . eg, DP, credit, income, years etc. 

One space is owner occupied. The prop is renovated with all other tenants under 6 months, I am suspicious of the projected expenses because Assuming notOnwer occupied - expenses are 18% of Gross Income. or 22% of NOI. (is this reasonable?) I have about 20% for DP.

This sounds like a very nice deal.  Maybe would consider a partner???

All opinions welcome/   Thank you