Hermosa Beach 2-4 Unit Property

Solutions for non-owner occupied properties.

Challenge:

A non-owner occupied, 4 unit property’s cash flow was below 1.0:1 debt cover based on operating history and general underwriting assumptions.

Solution:

Axos Bank was able to lend on the property at the current debt cover based on the strength of the Borrower, being in a true Tier I market, and being less than 65% LTV.

LOCATION PROPERTY TYPE LOAN AMOUNT LTV DSCR RATE / TERM
Hermosa Beach, CA 2-4 Unit $2MM 33% .52 5.63% / 5 year fixed 30 year term

Call us at 877-247-7994 to see how we can help you find a solution to your unique loan scenario.

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