Derogatory credit items, bankruptcy? Not a problem, we can help.
Borrower had significant derogatory credit items, a bankruptcy from 2013 and several foreclosures from 2012.
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.
|LOCATION||PROPERTY TYPE||LOAN AMOUNT||LTV||DSCR||RATE / TERM|
|Los Angeles, CA||Multi-Family||$850,000||54%||1.52||4.99% / 5 year fixed 30 year term|