Commercial mortgage financing for multi-family properties NYC

[showtime]

How can you get a commercial mortgage on a multi-family property? I hear terms are much more favorable, and based off of projected cash flow and the rent roll versus your personal DTI. Is there are certain number of legal units you need before it becomes a commercial multi-family? Is it based off of your personal investing experience?

And if you can qualify for a commercial mortgage in NYC, do you really just need to be able to come up with the down payment and that's it? No personal guarantee?

[EllenS]

Depending on the cost and type of property, you could get a very good deal.

i just joined this thread so I am not certain if I can leave my contact information. Will find out and get back.

[EllenS]

P.S. I am a licensed mortgage broker.