Compared to investing in a single-family home, apartment buildings have a much higher cost of entry. This can be a barrier for many investors who are just starting.
There are 7 steps to buying an apartment building. Each step has its own process and challenges.
So naturally, lenders will want to know about the specifics of the project before offering you terms.
You might start simply by looking on Loopnet or the MLS and running your own pro forma numbers when shopping properties.