I found some property i want to ad to my portfolio i own two condo's but dont know what type of loan to apply for its a commercial building with a former restaurant and the second floor with a unfinished loft w/plans for a multi-family. i want to start a business and live up stairs in one of the unit they each have two bedroom or i can use my option to fix up sell the other units or keep for rent/cash flow. how do i get started?

You are looking at a mixeduse commercial property.

First decide what you will do with the business space below. Lenders dislike restaurants as per lack of alt use. Esp since its empty, lack of rent is an issue. Here is what any loan officer would want to know;

1-how much will it cost for u to convert the space below into office or retail and how long it would take.
2-how much it will cost to convert/rennovate the 4 units into rentable units & if zoning allows it
3-get a cost schedule together (u may need a contractor)
4-what kind of rent you can expect & rental market in your area
5-cash avail for down payment and conversion
6-location and condition of building + assumed value
7-purchase price and if seller is open to closing cost concession or 2nd
8-if you have a purchase contract signed and when it expires.

Start with one and two and any loan officer can take care of the rest. The mixeduse property you are looking at is standard plain vanilla commercial loan. The complication is the conversion. Unless you have a min of 10-20% of your own funds you will bouncing between lenders.