Question about obtaining a Loan for Purchase of mixed use property
So I’m looking at a commercial building in a trendy downtown area by me. There are a lot of mixed use buildings in the area with apartments on 2nd fl and commercial tenants on ground floor. 
The current tenant is occupying the whole building and is vacating at closing. So with that being said I would need to purchase building all cash because it wouldn’t qualify for a loan because it’ll be vacant correct?

My other question is once I own the property, save up some cash and make apartments upstairs, is there a way to get a 30yr conventional mortgage on property so I can use equity in building to purchase something else?
[{"id": "imfzjoo", "text": "You can\u2019t get a conventional mortgage on it, but you can leverage the equity to buy more\n\nDepends on financial situation whether or not you can get a lender to give debt, but probably not without a tenant", "replies": [], "depth": 1}, {"id": "img3dek", "text": "Of course you could get a loan going in. It would be LTC and you could get up to 60% depending on many factors of course. You are borrowing on appraised value without income", "replies": [], "depth": 1}, {"id": "imggid8", "text": "You can get a bridge loan or a mini-perm. You can get up to 80% LTC. Pm me if you\u2019d like the rundown.", "replies": [], "depth": 1}, {"id": "imheaz1", "text": "Very doable:\n\n1. one option is to bridge loan as someone already suggested. use a bridge loan to acquire it, get the property leased then get permanent financing to takeout the expensive bridge loan. Bridge lenders care about the quality of the building, your own personal balance sheet, and your business plan to pay them back. Bridge loans these days are quoiting anywhere from 7% to 15% for the hard money types. \n2. (have a sales/leasing broker help you) write + deliver a purchase agreement with a long DD window and a financing contingency. Then once accepted, start working simultaneously to find a tenant + a lender willing to give you permanent debt. contingent on the tenant. If both of those plans go bust, hopefully your broker helped you write a good purchase contract so you can get out of the deal with no skin off your back. \n\nPM for details (source: am a debt broker)", "replies": [], "depth": 1}, {"id": "imjzp1r", "text": "I appreciate all the replies", "replies": [], "depth": 1}]