newbie loans

i can find 20+unit apartment buildings cheap in metro areas…only issue they all need WORK…ive been told by some getting a rehab loan will be hard…and told by some its gunna be easy as pie…anybody that has got or is getting rehab loans on commercial property within the past month or so??..anybody have any suggestions?? it will be helpful…im pickin brains :cool

I think you’re just going to have to start asking around to your local lenders. You don’t have to apply to all places. A lot will depend on your experience handling rehab projects if you’re talking large projects. You may have to start with smaller projects to show you can manage it. Regardless, I think you’re best bet is to ask your local lenders and tell them your plans. They’ll tell you what they require.

thanks for the input…