Ok, so how much of down payment for commercial loans? really...

[Minsu Goo]

I've been looking at investment properties, either retail or multifamily 5+.
Banks I've talked to saying 20-35% down payment in general for multi unit.
Someone told me 50% for retail commercial properties.
I said he's crazy. I recently sold my business+real estate meaning I do not have additional income coming in. I didn't make much either for last 2 years.
Realistically, with excellent credit, not much of income last 2-3 yrs, can I get the loan approved? If I had $250k, how much can I buy with that money?

[Mario Brown]

I feel like this is pretty counter to what the plurality suggest but i use a local credit union to do acquisitions with in-house commercial loans. Though i do have W2 income, i have been told the focus of the loans are NOT the individual but it is the DEAL that carries the true weight. 

80% LTC, 5 Year Loans, Amortized over 20 Years. (Rates typically 4.5) Interest only for 6-12 months depending on scope of project. 

Actually closed a 36-Unit Purchase w/ less than 9%

Puchase Price + Rehab Cost 1,100,000 

-----  1sT Mortgage $880,000 (held by bank) 

----- 2nd Mortgage  $100,00  (held by seller, interest only for 3 years, amortized over 20 years) 

------ Pro- Rated Rents $14,000 ( Closed on the 2nd of the month)  (Also got a repair credit & credit for deposits but not counting those. 

=

$106,000 Down Payment