Ie- down payment, income, anticipated rent, etc? For example, if you bought a 100k property, what would you need to put down and what income would be needed to qualify given x amount of rent.
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Are their any basic formulas for loan qualification in commercial real estate like those seen with home loans?
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In the residential market, standard ratios extist because they are dictated by the GSEs (fannie & freddie) that create a secondary market for the mortgage loans.
There are analogous ratios used in commercial mortgages, but since no omnipresent secondary market exists for commercial mortgage loans, the ratios vary from lender to lender and for a given lender, from loan to loan.
Some websites that might help you are cmalert.com, property.com globest.com, realttyrates.com.
some of the national commercial real estate agencies might also have information. Try googling grubb-ellis, cb richard ellis, and cushman & wakefield.
Why not talk to a commercial lender to see if you qualify? It’s a lot easier than trying to figure it out on your own.
Commerical lenders take many factors into consideration when deciding what you will need to qualify. The type of property is a big one. They will also look at what experience you have in the type of business you are in. How much income your business is generating and how much income the new property will generate. They will also look at the business’s other financial obligations and calculate a debt service coverage ratio or DSCR. This is similar to the debt to income ratio used in qualifying borrowers for residential mortgages.
Each situation is unique. I highly recommend using the services of a commercial lender. There is usually no fee or obligation for a consultation or application.