Loan Underwriting Guidelines by Property Type
Does anyone know where I can find resources for underwriting parameters for LTV, rate, DSCR, amortization, vacancy, management fee, capex reserves, and TI/LC reserves for different property types?

Edit: Something similar to this [CMBS guideline](https://documents.krollbondratings.com/report/1995/cmbs-u-s-cmbs-property-evaluation-methodology) but with more loan specific guidelines.
[{"id": "fj5iqws", "text": "Enjoy:\n\nhttps://www.crefc.org/uploadedFiles/CMSA_Site_Home/Government_Relations/CMBS_20/CREFC_Underwriting_Principles.pdf", "replies": [{"id": "fj6ed94", "text": "This is great by I'm looking for guidelines for specific metrics, such as \"CapEx Reserves $0.15 psf - $0.30 psf\".", "replies": [{"id": "fj729de", "text": "What do you want to know", "replies": [], "depth": 3}, {"id": "fj8w1x6", "text": "MF: $250 per unit\nIndustrial: $0.10/sf\nRetail: $0.15/sf (prob upfront and ongoing for roll)", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fj5tj5o", "text": "It really depends on the lender. For commercial banks we rely on the OCC lending standards. However, all banks have their own credit policy, which is usually slightly more restrictive in some aspects.\n\nhttps://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/commercial-real-estate-lending/index-commercial-real-estate-lending.html", "replies": [], "depth": 1}, {"id": "fj7qhla", "text": "I\u2019ve underwritten loans for just about every CRE property type imaginable in quite a few states with banks both small and large. Small banks can usually provide more generous loan terms and conditions while bigger banks are softer on rates. \n\nKeep in mind that most banks don\u2019t underwrite to actual NOI, they include adjustments whether based on the appraisal or underwriting standards. \n\nHere\u2019s my best 30K aerial summary of your questions: \n\n* LTV will typically be between 55-75%, depending on property type. Multifamily usually gets the highest LTV, while special purpose properties will need the lowest LTV. Everything else is somewhere in between. \n\n* Interest rates are incredibly dependent on the lender, and their relationship with the borrower. It\u2019s much easier to stretch when it\u2019s an existing borrower with high deposits and other performing loans at a higher interest rate. \n\n* DSCR will typically be between 1.20-1.50x, depending on property type and underwriting requirements of each lender. Some lenders require automatic inclusions for TI/LC/Cap Ex reserves, while others just use the appraisal. Office, industrial, retail DSCRs run between 1.30-1.45x. Special purpose properties like hotels, bowling alleys, etc. subject to higher DSCR requirements. \n\n* Amortization is typically 20-30 years, or the remaining economic useful life of a property, whichever is the least amount of time. From my experience, lenders offering super low rates typically underwrite to a shorter amortization schedule. \n\n* Vacancy is market and property type specific \n\n* Management fees are typically 2-5% of EGI\n\n* Cap Ex reserves are property specific\n\n* TI/LC reserves are also property and market specific.", "replies": [], "depth": 1}]