04/20/2026
Just closed the acquisition and financing on an 81-unit multifamily property in Allentown, PA for an investor client.
This deal is a perfect example of why the right capital structure matters just as much as the asset itself. The property had an in-place DSCR of only ~1.00x, which typically makes conventional lenders hesitate. But because we underwrote the deal based on the post-renovation income profile — a proforma DSCR of 1.40x+ — we were able to secure aggressive leverage.
The final structure? We got approved for 80% of the purchase price plus 80% of the rehab and turnover costs.
When in-place income doesn't tell the full story, matching the capital source to the asset's stage is what unlocks leverage that conventional sources won't offer. Investor deployed significantly less cash equity upfront, preserving their capital to execute the renovation plan and drive rents to market.
If you own a multifamily portfolio and are looking to acquire value-add properties or unlock trapped equity, let's talk strategy.
📱 732-598-7950
📧 [email protected]
🌐 gsmcommercialcapital.com