What are my options?

[Andrew Nguyen]

For the past few months, I have been learning about Multifamily CRE and am interested in entering the space in the next year or so.

There are a few hurdles that seem difficult for me to clear, they are as follows: 

A) The NW Requirement - lenders are looking for a NW greater than or equal to the loan amount. From what I've read, it seems larger, national institutions are more likely to uphold this guideline more rigidly while local credit unions would be more flexible. Could ya'll share your experience with credit union's level of flexibility with this requirement? 

B) Experience - For the last three years, I have owned and managed a triplex in Cleveland's westside. During that time, I have completely renovated the property and have added ~$100,000 in forced appreciation, while the property has naturally appreciated ~$75,000 (based on recent, nearby sales). Is this enough experience for the average Multifamily CRE lender? Looking to do a loan size of $300,000-$600,000

C) I am interested in purchasing a 5-15 unit building. What kind of lending entity & and lending packages would ya'll recommend based on my finances below?

Assets:

Cash: $6,000

401k: $30,000

Stock: $50,000

Car: $32,000 (2024 purchase w/ 6k miles total)

Home Value: ~$425,000

Liabilities
Loan Amount: $250,000

I appreciate any and all input, thank you!