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Hermosa Beach 2-4 Unit Property

Property Details


Property Type

Loan Amount

Hermosa Beach, CA

2-4 Unit




Rate / Term



5.63% / 5 year fixed 30 year term


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

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