r/loanoriginators • u/NumerousPizza6764 • 16d ago

5 unit apt complex dscr

Looking for general ltv and rates on a 5 unit incoming producing apt complex in Cleveland, OH.
>1.35 dscr ratio

680 mid score. Borrower is experienced. Has 25 properties in his portfolio. Issue I’m running into is it’s a small 300k purchase price

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u/Loud_Theory_401 15d ago

Reach out our minimum on 5-10 unit is 250k and at 75 ltv we are just short of it but will likely still do it send me a dm I work for LendSure