How did this loan get approved?

[Raj Patel]

I know of someone who bought a retail property a few years ago. Retail in the sense that it’s your standard building with parking lot and retail tenants. 

The NOI at purchase was $90k.
The bank gave him a 10 year loan at 4.25%

His P+I was around $88,000 a year. 
DSCR ratio barely above 1.
He put 35% down. 

Yet the loan went through. 

The only reason I ask how is to gauge how much we read on the internet is ********? 

How much is just fear mongering with the hope of influencing people to steer them to your line of product? 

I’m also curious because I’m trying to plan out my purchase later this year, and exploring all options. 

Thanks.