Debt Service Coverage Ratio

[Johnny Kang]

I'm in the process of buying an apartment complex in PA with my partners (I'm looking at a 5 unit & 10 unit). The DSCR on buildings I'm looking at are below what most lenders will lend on (it ranges between .9 ~ 1), but once it's repositioned it will jump to 1.3 ~ 2.8. My question was, will commercial lenders lend, even though on the day of the purchase, the DSCR is below their guideline, knowing that DSCR will go up once it's been repositioned?