I am a complete newbie to real estate and I'm looking to make a switch in my life and taking part in an industry that can set me up financially for the future and forward. 

Hello everyone, I am looking to get a loan on my first commercial reast estate deal.

ThanksDepending on the number of loans you originate, it may be a lot cheaper to have a servicer manage the loans for you since many can do it for $20-$25/mo per loan.  

@Rakesh Battula, before even looking at the true financials like Nikolas quickly did, there are some things that don't make sense:1: If it is 100% occupied, why are you assuming anything about free rents with estimates.  

Yes, I am dually licensed to originate loans 

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

You'll gain valuable insights into tenant relations, property maintenance, and financial management. 

U know the ropes and are organized and methodical at the time I was making 20 loans or more a month to flippers in Jackson and simply could not be bothered to follow this stuff LOL.. 

However right now I think in Dallas county if you have any type of government loan you need to give 30 day notice if I remember correctly. 

I have a verbal agreement to purchase the .59-acre parcel, but I would like to know if obtaining a commercial loan is feasible.