Skip to main content
Return to the Axos Bank Homepage

Business

<  Back

Hermosa Beach 2-4 Unit Property

Property Details

Location

Property Type

Loan Amount

Hermosa Beach, CA

2-4 Unit

$2MM

LTV

DSCR

Rate / Term

33%

.52

5.63% / 5 year fixed 30 year term

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 coverage due to the property being located in a true tier 1 market, being less than 65% LTV, and the strength of the borrower.

Discover the right solution for you.
Call us at 877-247-7994

Email Us

By clicking Submit, you have agreed to these Terms and Conditions, and you have agreed to receive automated SMS text messages, calls, and emails for any purpose including but not limited to marketing of products and services by Axos Bank. You understand and agree that such messages may be sent via Automatic Telephone Dialing System and/or artificial or pre-recorded voice, and that such consent is not a condition of receipt of any good or service. Mobile carrier messages and data rates may apply. You may opt out at any time.