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Los Angeles Multi-Family

Property Details

Location

Property Type

Loan Amount

Los Angeles, CA

Multi-Family

$850,000

LTV

DSCR

Rate / Term

54%

1.52

4.99% / 5 year fixed 30 year term

Challenge

Borrower had significant derogatory credit items, a bankruptcy from 2013 and several foreclosures from 2012.

Solution

Axos Bank was able to get comfortable with the past credit issues based on the borrower’s strong net worth, strong DSCR, and strong rental market.

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