Solutions for non-owner occupied properties.
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.
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|