Commercial loan for multi Property?

[JD Causse]

I have an offer for doing a commercial loan on my first multi property sixplex!

As I was working on it, I started to wonder... « what will the typical lender expect from my numbers before approving me in terms of cap rate, cash on cash...»

For example...let’s say I am confortable with a 7% cap rate when the market is 9%... or if I am confortable with a low cash on cash ratio lender might not like it... I don’t want to pay 10k+ in appraisal inspection and other fees, only to be declined by the lender for not liking my deal after underwriting, right?

So would anyone has some experience and tell me « ball park » key ratios not to break in order to get likely to be approved by lenders. Their tolerance for risk or low return might be different from mine... better have an idea before placing a offer and putting earnest money

I am sure the answer is it depends on lenders... but some experience from anyone knowing what typical lenders want to see before approving?