# How Is Commercial Financing Up to 75% LTV Sized?

> Commercial LTV is the loan divided by the property's underwritten value. RPC's ceiling is 75% for occupied commercial purchases, rate-and-term refinances and cash-out, but loan-size and DSCR limits can reduce the amount.

Canonical: https://riversidepark.capital/commercial-real-estate-financing-75-ltv
Markdown: https://riversidepark.capital/commercial-real-estate-financing-75-ltv.md

## Quick answer

Commercial LTV is the loan divided by the property's underwritten value. RPC's ceiling is 75% for occupied commercial purchases, rate-and-term refinances and cash-out, but loan-size and DSCR limits can reduce the amount.

## Why can the loan be smaller than value times maximum LTV?

Three separate tests matter: collateral value, program loan size and the payment the property can support. Start with the value accepted in underwriting, not an asking price or informal estimate. The leverage ceiling is one boundary; it does not override a lower loan-size ceiling or insufficient net operating income.

**Where it fits:** Purchase equity must cover the gap between the permitted loan and acquisition cost, plus costs and any required reserves. On a refinance, proceeds must also cover the existing payoff. Cash-out is the residual after debt and transaction costs, rather than the entire new mortgage.

**Example:** Illustrative: at an underwritten value of $4,000,000, 75% LTV equals $3,000,000. That is a value-based ceiling before the 1.15x DSCR test and other conditions.

**Fit check:** Occupied commercial real estate, minimum FICO 680, minimum DSCR 1.15x, and no more than 75% LTV. Value, income, title and documents must support the request.

Apply with your property and financing request, or submit a deal as a broker through Partners.

## Loan parameters

- Loan size: $100,000 to $15,000,000
- Loan type: Commercial Purchase & Rate-and-Term Refinance

## Eligible assets

- Multifamily
- Office
- Retail
- Industrial
- Mixed-use
- Self-storage
- Cold storage
- Hotels
- Motels
- Data centers

## Underwriting guidelines

- Maximum loan amount: $15 million
- Maximum LTV: 75%
- Minimum FICO: 680
- Minimum DSCR: 1.15x
- Occupied commercial real estate only
- Closing in as little as 30 days
- Commercial financing is available in 48 states. Washington, DC is unavailable. Check the property's state before proceeding.
- All property types are subject to underwriting.

## Which program facts apply to this request? (as of 2026-10-08)

| Fact | Public guideline |
| --- | --- |
| Loan amount | $100,000 to $15,000,000 |
| Program condition | Maximum loan amount: $15 million |
| Program condition | Maximum LTV: 75% |
| Program condition | Minimum FICO: 680 |
| Program condition | Minimum DSCR: 1.15x |
| Program condition | Occupied commercial real estate only |
| Program condition | Closing in as little as 30 days |
| Program condition | Commercial financing is available in 48 states. Washington, DC is unavailable. Check the property's state before proceeding. |
| Program condition | All property types are subject to underwriting. |

- These are public guidelines, not a loan commitment. Final terms depend on underwriting.

## FAQs

**Q: Is purchase price always the value used?**

No. Appraisal and underwriting establish the accepted value and purchase sizing. Ask how the contract price and appraised value will be treated before estimating cash needed.

**Q: Does cash-out have a different commercial leverage ceiling?**

The published ceiling is also 75% LTV, but its maximum loan is $5 million rather than the purchase/rate-and-term ceiling of $15 million.

**Q: Does the same LTV apply to residential DSCR purchases?**

No. Residential investor DSCR purchase leverage is up to 80% LTV. DSCR cash-out leverage is confirmed per deal.

## Related

- [Commercial Purchase & Rate-and-Term Refinance](https://riversidepark.capital/commercial-real-estate-loans)
- [Apply for financing](https://riversidepark.capital/apply)
- [Submit a deal as a broker](https://riversidepark.capital/partners)
- [Commercial cash-out calculations](https://riversidepark.capital/commercial-cash-out-equity-calculator)

---
Source: Riverside Park Capital - https://riversidepark.capital/commercial-real-estate-financing-75-ltv