All Forum Posts by: Andrew David

Does anyone know the maximum LTV that is possible for a 4-unit property? I'm seeing that Fannie Mae allows for about 75% Max LTV. Wondering if people are aware of anything else.

@DeWayne Allen, thanks! I'll check back in once I hear from my lender.

Thanks, Brie! So is my loan sizing based on : (1) market comps and (2) DTI? If I was to increase NOI by 50%, it would have no effect my ability to get a larger loan?

Lastly, if I bought a 4-Plex and happened to buy an adjacent SFH, could I get a commercial loan that is collateralized by the 4-Plex and SFH, thus making it a 5-Unit Loan?

When looking to obtain "cash-out" refinancing on a 4-Unit Multifamily Property, how do lenders think through sizing the loan? Is it based on residential methodology (e.g. market comparables) or more so commercial methodology (e.g. Debt Service Coverage Ratio, Debt Yield, Loan-to-Value, etc)?