Additional Borrowing on Apartment Building

[Michael Masters]

I am considering taking out an additional loan on one of my properties for multiple reasons including increasing my liquidity as well as capital improvements to the property. I'm curious of loan products that will allow me to borrow an additional $250,000 which would bring me to a DSCR of 1.20.

Here are the specifics:
8-unit apartment building located in downtown Boston, a top SBL Market (zip code 02113)

$6,200,000 = Property value today

$2,700,000 = Current equity in property

$287,000 = 2020 NOI

56% = LTV

4.6% = Cap rate

1.285 = DSCR

Any thoughts?