Pasadena Multi-Family

Borrower had limited operating history due to recent purchase. Property was purchased with cash in 2016 and the borrower invested significant funds in capital improvements, which increased rental income.

Hermosa Beach 2-4 Unit

A non-owner occupied, 4 unit property's cash flow was below 1.:01 debt cover based on operating history and general underwriting assumptions.

Los Angeles Multi-Family

Borrower had significant derogatory credit items, a bankruptcy from 2013 and several foreclosures from 2012.

Pomona Multi-Family

Purchase transaction where the property was currently underperforming. Borrower had limited outside income resulting in a below breakeven global cash flow.

Aurora Multi-Family

Borrower needed to close quickly due to expiration of a 1031 exchange.

San Diego County Retail

Borrowers looking for a blanket loan over a portfolio of commercial properties. Properties had a low combined underwritten DSCR and weak historical operating history.

Downey Retail

Cash-out refinance on a fully occupied six-unit retail strip center. Borrower’s credit score was very low (596) due to past medical bills. Global cash flow was also calculated to be below breakeven.

La Canada Flintridge Retail

Fully occupied nine-unit office building. Borrower had a bankruptcy and a foreclosure, six and seven years ago.