First time buyer financing for commercial property - lending options
I am a real estate tax professional and I want to break into development.

I really enjoy how supportive this group is  and I wanted to ask for some guidance.

Let’s say I want to purchase a 5-unit building for 2M and estimate repairs of 500K.

I have foreign investors putting in 1.25M.

What are my options to get funding for the remaining 1.25?

(I do have a good friend who is a GC and areal estate agent, another great friend who is a real estate consultant (will help me evaluate the opportunities) and my husband will manage the property (no prior experience)) 

My question is specific to lending, but all other advice is also welcomed.
[{"id": "irhgeja", "text": "Well the nice thing is your at the maximum number of units you can have and not have to get a commercial loan. You can put down 25% and depending on a couple of deciding factors such as credit scores, income, assets and current dti you can potential \nfund the rest of the purchase and use the other 750k for repairs\n\nother non solicited advise don\u2019t do business with friends \nbut if your going to do business with friends \nget 3 quotes if you want to work with your friends \npay them well and keep business business like", "replies": [{"id": "irhjpo4", "text": "Appreciate your advice, agree about doing business with friends.  I will think about it more.\nMy question was actually about commercial loans. I have access to high net worth investors who want me to go bigger, but I want to start small. \nI will edit my question. Thanks so much for taking the time to answer!", "replies": [], "depth": 2}], "depth": 1}, {"id": "irhmm9c", "text": "Probably need to find a regional bridge lender with a CapEx holdback. Probably an all in rate ~10%. Can back-lever with perm financing after you finish renovations and mark to market.", "replies": [], "depth": 1}, {"id": "irhsmbw", "text": "I can help, I deal with commercial financing. Let\u2019s talk on Monday.\nderron@goldencoastfunding.com\n619-808-9684", "replies": [{"id": "iricvi6", "text": "I love the support in this community, especially from folks like u/BukakkeLord420.", "replies": [{"id": "irrudke", "text": "Let everyone know, your Reddit user name is forever and that just means I\u2019m one of the OGs that used it before it blew up haha.\n\nLETS CLOSE SUM FOOKIN DEALS", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iriljua", "text": "I am sorry that I don\u2019t have any valuable help to contribute, but you did catch my eye when you said you\u2019re a real estate tax professional. If I can ask, what learning materials/credentials/education programs might you suggest for someone who wants to learn the same thing?", "replies": [{"id": "it2yzde", "text": "I have a Bachelors in Hospitality Management.\nWhen I decided to go into accounting, I took 8 or 9 accounting/tax classes as a pre-requisites for Master of Accounting degree. Completed Master of Accounting program, then took CPA exam and got my license. All this time I worked as bookkeeper/accountant for private companies.\nAfter few years I got bored and went into public accounting. I had a lot of real estate clients and really liked it, with years I built my expertise. Now I am working for a large CPA firm with CRE department and all my clients are real estate or hospitality clients. \n(Looking back I should have done Master of Taxation instead of MACC, but who knew)", "replies": [{"id": "ith9egj", "text": "Thank you!! Really appreciate this!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "irj5rh8", "text": "What area of hr country, I have New England lender Rolodex and prefer Westfield bank!", "replies": [], "depth": 1}, {"id": "irjt18l", "text": "Nobody mentioned Seller financing. Best loan you can get is from the seller. Everything is negotiable so you can get a much lower rate, better terms, etc. Also might be the only option if you have no experience (banks might deny you because of that) Since banks aren\u2019t involved the whole purchase is simplified. May not be an option depending on the seller but always worth asking for it.\n\nIf not a carryback ask the seller if they currently have a loan on the property. Ask if it\u2019s assumable. In today\u2019s market if they already have financing it\u2019s probably a better rate than you can get with a bank loan. Could be an option depending on your situation", "replies": [], "depth": 1}]