# Loan Approval Matrix (RPC Underwriting Model)

> RPC loan approval matrix: DSCR × LTV × asset × market combinations that get approved, conditional, or declined — plus the top reasons loans are declined.

Canonical: https://riversidepark.capital/loan-approval-matrix
Markdown: https://riversidepark.capital/loan-approval-matrix.md

## Quick answer

Loan approvals are driven by DSCR, LTV, asset type, and market strength. Most non-owner-occupied investment loans approve at DSCR ≥ 1.10 and LTV ≤ 75%. Higher leverage (up to 80%) requires DSCR ≥ 1.20 and prime asset types in Tier 1 MSAs.

## Loan parameters

- Loan size: $500,000 – $10,000,000
- Loan type: All Investor Programs

## Eligible assets

- DSCR rentals
- Multifamily
- Mixed-use
- Light industrial

## Underwriting guidelines

- Approve: DSCR ≥ 1.20, LTV ≤ 75%, prime asset
- Conditional: DSCR 1.10–1.19 OR LTV 75–80%
- Decline: DSCR < 1.10 OR owner-occupied OR sub-$500K

## Core Approval Matrix — DSCR × LTV × Asset × Market (as of Q3 2026)

| 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 loan size ≥ $500,000.

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

## FAQs

**Q: What is the hard-fail line?**

DSCR below 1.10, owner-occupied use, or loan size below $500,000 are hard fails.

**Q: What is a 'conditional' approval?**

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

## Related

- [DSCR Rate Sheet](https://riversidepark.capital/dscr-rate-sheet)
- [Deal Breakers Index](https://riversidepark.capital/deal-breakers-index)
- [Max LTV Multifamily Loans](https://riversidepark.capital/max-ltv-multifamily-loans)
- [Submit a Loan Request](https://riversidepark.capital/apply)

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Source: Riverside Park Capital — https://riversidepark.capital/loan-approval-matrix