Ohio 5 unit Commercial Loan

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Robin SimonBusiness Member
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
2mo
Quote from @Clarice Johnson:

Can anyone recommend any good local banks in Ohio that offer out of state investor loans? Looking for a commercial DSCR loan.

Thanks!


For a commercial DSCR Loan, even on a "Multifamily" like in the 5-8 unit range you are looking at, you are likely gonna have better luck with private lenders / brokers than local banks for this specific niche

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  • Derek BrickleyBusiness Member
    Lender · Ann Arbor, MI · Member since 2021 · 685 posts · 232 votes
    2mo

    Hey Clarice! 

    Actually just over the Michigan line but work with a lot of investors in OH, MI, IN if it's helpful happy to go through some options you might have for that. 

    [email protected]734-645-7722
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  • LaTarence Dunbar
    Lender · Washington DC · Member since 2026 · 84 posts · 23 votes
    2mo
    Quote from @Clarice Johnson:

    Can anyone recommend any good local banks in Ohio that offer out of state investor loans? Looking for a commercial DSCR loan.

    Thanks!




    Hey Clarice! Buying or refinancing a 5-unit property in Ohio from California is a great cash-flow strategy, but local Ohio community banks can be tough on out-of-state investors once you cross into commercial territory.

    Here are a few key factors to keep in mind when securing financing on a 5-unit deal:

    • The 5-Unit Commercial Threshold: Properties with 5+ units cross from residential financing into small commercial real estate. Local Ohio banks usually route these through their traditional commercial lending desk, requiring 2–3 years of personal tax returns, global DTI checks, and opening local deposit accounts.
    • National Commercial DSCR vs. Local Banks: Instead of local banks, look at nationwide private Commercial DSCR lenders. Commercial DSCR programs for 5–8 unit properties focus primarily on the property's Net Operating Income (NOI) and Debt Service Coverage Ratio (DSCR) rather than your personal W-2 or California tax filings.
    • Loan Terms for Out-of-State Investors: A strong commercial DSCR loan on a 5-unit in Ohio typically offers 30-year fixed or 5/7-year ARM structures up to 75% LTV, requiring zero personal income documentation and seamless out-of-state closing processes.


     
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  • Cormac McCarthyBusiness Member
    Lender · Santa Monica, CA · Member since 2026 · 6 posts · 1 vote
    2mo

    Hey Clarice! 

    I have a bunch of lenders in network who offer DSCR loans for 5-8 unit properties.

    I'd be more than happy to provide your with some quotes if you'd like. 

    [email protected]310-963-2980
    Cormac McCarthy - NEXA Lending
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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    2mo

    I can send you some referrals 

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2mo
    Quote from @Clarice Johnson:

    Can anyone recommend any good local banks in Ohio that offer out of state investor loans? Looking for a commercial DSCR loan.

    Thanks!


    For a commercial DSCR Loan, even on a "Multifamily" like in the 5-8 unit range you are looking at, you are likely gonna have better luck with private lenders / brokers than local banks for this specific niche

    [email protected]
    Harpoon Capital515 Reviews
    WebsiteView Page
    1Reply
    • Josiah Garcia
      Real Estate Agent · San Diego CA · Member since 2026 · 239 posts · 36 votes
      2mo

      We run an automated system that pulls distressed properties from probate, foreclosure, tax delinquent, and code violation records before they hit the MLS currently live in Ohio among a few other markets. Most investors we work with find deal flow comes first, then financing follows, since lenders want to see actual deals in your pipeline. If you're building your Ohio portfolio, happy to share what we're currently tracking in your market often the off-market leads are what move the needle on DSCR terms.

      0Reply
  • Renard BrownPro Member
    Austin, TX · Member since 2026 · 56 posts · 6 votes
    2mo

    Hey Clarice!

    While local Ohio community banks can be great, many of them have strict geographical footprints, require personal guarantees, or ask for full tax returns and DTI documentation for out-of-state borrowers.

    At Black Stone Ridge Capital, we specialize in out-of-state DSCR (Debt Service Coverage Ratio) investor loans across Ohio and nationwide.

    Instead of jumping through local bank hoops, our DSCR program offers:

    • No Tax Returns or DTI Checks: Qualification is based purely on the property's rental cash flow, not your personal income.
    • Out-of-State Friendly: Fully optimized for remote investors scaling their portfolios in high-yield markets like Ohio.
    • Fast Approvals & 7,500+ Lenders: We match you with the right lender in as little as 24 hours with no upfront paperwork.
    • Flexible Terms: 30-year fixed, interest-only options, and cash-out refinances available for 1–4 unit residential, multi-family, or short-term Airbnb rentals.

    If you'd like us to run a quick scenario for your target property in Ohio, feel free to send me a direct message or visit us at www.blackstoneridgecapital.com!

    1Reply
  • Jason Talley
    Lender · usa · Member since 2026 · 3 posts · 0 votes
    2mo

    Hi Clarice,

    I work with several private and DSCR lenders that do commercial and multi-unit investment properties, including out-of-state investors. Many of them are more flexible than local banks on investor loans.

    If you’d like, I can take a quick look and see what options might fit. A few details would help:

    Purchase price or current value of the 5-unit?

    Current or expected rents?

    Rough loan amount you’re looking for?

    Your credit score range?

    Are you buying it or refinancing?

    Happy to run it and let you know what’s realistic.

    Jason Talley 

    8439411373

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2mo
    Quote from @Clarice Johnson:

    Can anyone recommend any good local banks in Ohio that offer out of state investor loans? Looking for a commercial DSCR loan.

    Thanks!


     Happy to chat!

    [email protected]818-269-7983
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  • Elizabeth LawrenceBusiness Member
    Lender · OH · Member since 2022 · 18 posts · 7 votes
    2mo

    We are mortgage brokerage out of Columbus OH and we can review options for a full doc commercial loan or a DSCR options. Would love to chat!

    [email protected]614-714-5155
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  • Jenna Fawley
    Lender · Pickerington, OH · Member since 2026 · 49 posts · 39 votes
    2mo

    I'm in Ohio. I may be able to help with this. I work with 5+ unit commercial/multifamily financing, including DSCR options for out-of-state investors. A 5-unit falls on the commercial side, so there are a few more details I’d want to look at to see which program fits best.

    Feel free to DM me or text me (440-787-6589) the purchase price, property location, current rents/NOI, requested LTV, and approximate credit score, and I’ll take a look at it for you!

    0Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    2mo
    Quote from @Clarice Johnson:

    Can anyone recommend any good local banks in Ohio that offer out of state investor loans? Looking for a commercial DSCR loan.

    Thanks!


     I work with a couple of good banks inside of ohio that have offerings for OOS investors since that is my primary clientele. PM me and I can send you some referrals. 

    [email protected]614-802-5698
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