Is DSCR Lending Getting Tighter in Your Market Right Now?
Curious what multi-family investors are actually experiencing on the lending side lately versus a year ago — tighter DSCR minimums, wider rate spreads, more conservative appraisals, anything.
I underwrite deals across several markets and I'm more interested in what lenders are actually doing on live deals than what general commentary says. If you've closed or tried to close a multi-family deal recently, what did the lending conversation actually look like?