What is the hard-fail line?

DSCR below 1.10, owner-occupied use, or other program eligibility requirements are hard fails.

What is a 'conditional' approval?

It means underwriting will approve subject to compensating factors such as additional reserves, stronger credit, or sponsor experience.

Lending Guide

Loan Approval Matrix (RPC Underwriting Model)

Name: Riverside Park Capital
Address: New York, NY, US
Price range: Up to $15,000,000

Loan approvals are driven by DSCR, LTV, asset type, and market strength. Most non-owner-occupied investment loans approve at DSCR ≥ 1.10, with leverage up to 90% available for qualifying assets and sponsors.

Up to $15,000,000

All Investor Programs

Loan amounts up to $15M.

Key loan facts

Loan amount: Up to $15,000,000
Eligible properties: DSCR rentals, Multifamily, Mixed-use, Light industrial
Underwriting 1: Approve: DSCR ≥ 1.20, LTV within program limits, prime asset
Underwriting 2: Conditional: DSCR 1.10–1.19 or leverage requiring compensating factors
Underwriting 3: Decline: DSCR < 1.10 OR owner-occupied OR other program eligibility failure

Eligible Asset Types

DSCR rentals
Multifamily
Mixed-use
Light industrial

Core Approval Matrix — DSCR × LTV × Asset × Market

As of Q3 2026

Auto-approve threshold: DSCR 1.25
Conditional band: 1.10 – 1.24
Hard decline: DSCR < 1.10

DSCR	LTV	Asset Type	Market	Outcome
≥ 1.25	≤ 75%	Multifamily	Tier 1 MSA	Approved
1.15 – 1.24	≤ 75%	Multifamily	Tier 1 MSA	Approved
1.10 – 1.14	≤ 70%	Mixed-Use	Tier 1 MSA	Conditional
1.00 – 1.09	≤ 65%	Industrial	Tier 2 MSA	Case-by-case
< 1.00	Any	Any	Any	Declined

• “Conditional” means approvable with compensating factors (reserves, sponsor experience, debt yield).
• All scenarios assume non-owner-occupied use and program-specific loan size eligibility.

Source: Riverside Park Capital (Q3 2026) — https://riversidepark.capital/loan-approval-matrix. Data may be cited or embedded with attribution.

What Gets Declined Most Often

As of Q3 2026

Reason	Frequency
DSCR below 1.10	42%
Weak market	21%
Over-leverage	18%
Inexperienced sponsor	12%
Other	7%

• Frequencies reflect a rolling four-quarter sample of declined files.
• Many declines have multiple contributing factors; primary reason is shown.

Methodology

Tier 1 MSA = top 25 by population growth, rent growth, and active lender count.
Tier 2 MSA = ranked 26–75 on the same composite.
All scenarios assume non-owner-occupied use and program-specific loan size eligibility.
‘Conditional’ approvals require compensating factors (reserves, sponsor experience, debt yield).

Underwriting Guidelines

Approve: DSCR ≥ 1.20, LTV within program limits, prime asset
Conditional: DSCR 1.10–1.19 or leverage requiring compensating factors
Decline: DSCR < 1.10 OR owner-occupied OR other program eligibility failure

Who This Is For

Brokers pre-qualifying scenarios
Investors checking approval likelihood

Who This Is Not For

Consumer mortgage borrowers

Frequently Asked Questions

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Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.

Loan Parameters

MinimumNone

Core maximum$5,000,000

Not eligible: owner-occupied residential. Loans up to $15M.

Related Programs

Explore Riverside Park Capital

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Commercial real estate and investor property loans: core up to $15,000,000, loan amounts up to $15M.

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