If you are a first-time investor, there is no reason why you cannot get a commercial real estate loan. You will need to prepare carefully and have a good plan in place. You need to have believable projections and show how to add value to the asset once funded.
For example, can you make capital improvements, increase rents, improve management, or lower operating costs? Aim to show that market conditions should be favorable and that you can easily accommodate the loan repayment costs within any financial projections. You should also get a skilled accountant to help create the documents and accounting calculations necessary to support any application.
