I'm not a fan of shopping lenders solely based on pricing because service is VITAL with lenders.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

Attend a Meetup in your area or meet someone local and grab a coffee or a beer.5.

We are currently renting a space in a strip mall and the landlord is willing to sell the unit to us. How does the process work? Do I need to get a commercial real estate agent or do I need an attorney to look over the...

For anything I was missing, I would go to the local shops.

Attend a Meetup in your area or meet someone local and grab a coffee or a beer.5.

(I need to shop for one as I don't have a lot of friends doing the same thing as me in my state.)

Now I have not had my coffee yet, so correct my numbers if I missed something.

Funding: my plan is to shop around hard money lenders for purchase and rehab for best rates/fees/down payment.

Send me a message and we can talk shop.