Securing Commercial Loan
I have an opportunity to buy some commercial real estate.
The building is a 4 unit. 2 commercial spaces on the bottom and 2 apartments above.

What can I expect from the bank when asking for a loan?

Is it 20 or 25% down. Is it going to be an ARM? What are the current rates? Is there a possibility to get a fixed rate?

Thanks
[{"id": "clnqjph", "text": "65-75% ltv. 20-25 year amortization. Note due in 10 with a rate between 4.5 and 6.5. That should be the ballpark. Good luck", "replies": [{"id": "clnulql", "text": "see comment below ", "replies": [], "depth": 2}], "depth": 1}, {"id": "clnscs9", "text": "a lot of variables here - market data, strength of tenant's credit and yours, lease terms, etc. But I would expect at least 25% down and a note due between 5 and 10 years.", "replies": [{"id": "clnulh2", "text": "Here is some more info.\n\nAppraised last week 550k\nAsking 450k\n\nRent 1 bedroom 1,000 \n       2 Bedroom 1,200\n       Retail units 1,500 each\n\nThe tenant that was in the retail space was taking up both and recently moved out. The 2 bedroom is also empty, not because its hard to rent but because the owner is planning on selling.\n\nI believe the rents are pretty much market rate. \n\nWill a bank not give me financing with open units?\n\n", "replies": [{"id": "clnw4gb", "text": "Any bank will have a problem with the vacancy. You can still get financing, but it will depend on your credit, willingness to sign a personal guarantee, your experience and your ability to give a higher down payment. \n\nSeems like an ok deal if there was no vacancy. I would like the deal if there was no vacancy. Financing is going to make or break this deal IMO. Develop a relationship with a local bank if you have not already. Give them the numbers and have them analyze it. You will know pretty quickly if it is a deal hey would be interested in financing. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]