At Axos Bank, our Foremost priority us to help you reach your financial goals. Our personalized approach to lending allows us to find a customized lending solution that meets your unique needs. We are your lending partner with the flexibility to deliver results.
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.
Purchase transaction where the property was currently underperforming. Borrower had limited outside income resulting in a below breakeven global cash flow.
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.
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.