I am getting ready to, hopefully), buy my first commercial sized apartment building this year.

- what amenities doe your comps have- what floor plans does your comps have (size, number of bedrooms and bathrooms)- do they offer concessions/move in specials- what term leases do they offer (just 12 months, shorter or longer)4.

I'm a finance manager at a car dealership and I can tell you that although the pros (banks) may lend money to a 590, they are going to hedge their bets.

As I was driving home from work tonight listening to Bigger Pockets Podcast 143 (which was excellent if you haven't listened yet) @Brandon Turner brought up a very interesting article that just came out on Fortune.com regarding Wall Street's housing bet not paying off.

It all depends on the size/scope/area of the deal. 

Private Money comes in all shapes, sizes, flavors and at every imaginable costs/fees structure.  

Does this sound right for this size loan?

We are a small-mid sized management company.

I've acquired mobiles in the same price range; I'm holding and renting them, but based on recent sales in the same park, I'll bet I could sell them for a good price.

If the properties are similar in construction and equipment (furnace, AC, water heater, ranges, etc), then splitting on size is an easy way to do it.