85% LTV Financing for apartment building?
I'm interested in purchasing an apartment building for about $1.1M. I have enough cash to put 15% down. Are lenders doing 85% LTV commercial mortgages these days? If so, will it be an 75% and a 10%? Will the rate be higher than if I were to go 80% LTV? My credit score is 795 and I only have one small mortgage for debt. I also only have one investment property so far, a duplex. Will lenders be concerned about me jumping from a 2-unit to a 20-unit?