Not until 2026 do we even have a chance of getting another lead central banker who might diverge from this approach.The "recession" of 2023 could very well be as mild as it is right now for most of the year, giving the Fed no reason to start lowering rates.

Apartment landlords face a “hydrogen-bomb scenario,” said Peter Sotoloff, a veteran real-estate finance executive, a former founding member of Blackstone’s property debt business and former managing partner at Mack Real Estate Credit Strategies.Outstanding multifamily mortgages more than doubled over the past decade to about $2 trillion, according to the Mortgage Bankers Association.

I have a letter from my Banker at the ready we update it monthly.. 

I have a good banker, but I would think that banks have a limit or formula that they adhere to for lending. 

I remember at the start of COVID our commercial banker told us he was only lending at 60% LTV.

I have a mortgage bankers license and NMLS registration out of Oregon ( inactive at the moment)So I have used both licenses. 38 or so states for non owner occ commerical loans require no license.. those that do off the top of my head are  CA NV OR AZ ND SD TN  and a few more.Gap funding is about as risky as it gets though..

I was a banker for many, many years prior to opening up my private lending company.

There is so much money backstopping the banks (protecting them) that things banks ordinarily would not do, as being too risky, are no longer risky to them because the government protects them and insures them3, Bankers make money in exotic derivatives like Mortgage Backed Securities, (MBS) Collateralized mortgage obligations (CMO) and tranches rather than in lending and banking services.

If the repairs are still unaffordable for you, maybe you can talk to your banker about your options. 

Our three bankers said the market has been held up for the last two years with Government Covid money.