The only reason I got an LLC was to buy a commercial property because it was a requirement of the lender.

@Cate DeBates Triple Net commercial lease is a huge bonus!

My names Cody, I'm 24 year old recent college graduate looking for experience within commercial real estate.

It is usually allowable up to 6 - 12 months after the purchase. 3.Buildings are determined as commercial or residential based on the official cadastral category by the local council.4.Commercial mortgage LTV Max 60% depending on the specifics. 5.Not an issue using foreign income for affordability calculations if salary is taken into account. 6.Property valuation is conducted by a valuation company requested by the bank. 7.Residential mortgages can be up to around 80% LTV depending on affordability. 8.

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years?  

Most commercial lenders want a 680 credit score,  or they won't talk to a borrower.      

Renovation of commercial buildings and the challenges they encompass to become profitable assets to hold within portfolio.

That's a very low amount given it's a commercial property.

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

Just a tip - make sure you don't just look at the current property taxes.