What is a realistic debt coverage ratio that a bank use today in today market in order to secure $6M financing

1.25 could be realistic for a mulifamily financing?
In Buying Property - Asked by EVA H. - Dec 4, 2008
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Answer(s)

Derrick R.
Broker/Agent
Los Angeles, CA

Good asset quality (A or B Property). strong borrower can still get a 1.25 to 1.3% DCR. That's for an A+ deal. DCR's go up from there.

Dec 4, 2008
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Joe V.
Owner/Investor
Plymouth, MI

What is the loan for?

Dec 5, 2008
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Nicholas C.
Owner/Investor
Manalapan, NJ

What kind of property do you need funding for, and do you need help getting funds?

Dec 7, 2008
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Joe V.
Owner/Investor
Plymouth, MI

Are you looking for financing? You can get $6M financing today without going to the bank...and get better terms than you could have at a bank. Banks are being very tight with their credit now, so private financing sources (NOT HARD MONEY) is now more than ever the way to go.

Dec 8, 2008
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E B.
Lender/Mortgage Broker
Bethesda, MD

1.17 via the FHA program

Dec 15, 2008
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Martin S.
Owner/Investor
Manhattan, NY

Ernest B, Which FHA program are you referring to? Please respond to martin.smithmyer at bmo.com. Thanks.

Jan 7, 2009
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