DSCR Loan- question

[Tim W.]

Hi all- I'm in a fortunate position that I've been able to buy some good multi's with my own cash, but I'm now looking at buying more properties and will want to utilize some leverage. Question- I'm trying to buy a 5 unit outside Pittsburgh for under $400k. Assuming I put down 30-40%, the loan will only be for around $250k. The quotes I'm getting for a DSCR loan via a broker seem super high... 7-8% rates, 1-2points, $1500 lender fees.

I get many banks and institutional buyers may not like loans under say $500k, but does anyone have any advice? With the 10yr at 4%, I was hoping to secure a 20-30 year fixed loan with a 6 handle. 

thanks!