Your loan size depends on your coverage ratio, not available capital. You can't wait for rent growth to improve it. Instead, tighten expenses and capture all entitled income: rebid insurance, appeal property taxes, renegotiate contracts, recover utility costs.
So here is the bottom line. Capital is not your constraint. Your coverage ratio is. Rent growth won't fix it for you at 1.3%, which leaves the expense side and the income you are already entitled to but not collecting. Rebid your insurance, appeal your assessment, rebid the contracts that have auto-renewed for years, recover the utility costs you are absorbing. Every dollar you move improves your coverage ratio, and coverage determines the size of your loan.
