Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

29
Posts
15
Votes
Daniel Consalvo
  • Rental Property Investor
  • Lunenburg, MA
15
Votes |
29
Posts

Commercial Financing for Residential Building

Daniel Consalvo
  • Rental Property Investor
  • Lunenburg, MA
Posted

I will be acquiring a property (5+) units) in the near future that will require a commercial loan.  What are good questions to ask the lender when applying for a commercial loan.  I have a lot of experience in 4 units or less but not 5+ unit financing.  Any help would be appreciated.

Thanks!

Most Popular Reply

User Stats

151
Posts
20
Votes
Replied

9 Questions to Ask Your Commercial Lender

  • Are you an expert in my market? ...
  • How long does it typically take to close? ...
  • What other loan options are available? ...
  • What are the application fees — and how do they break down? ...
  • Can I have a copy of my appraisal, credit report and engineer report? ...
  • What is the good faith deposit? ...
  • How long can you lock in my rate?

Loading replies...