We find solution for borrowers with limited operating history.
Borrower had limited operating history due to recent purchase. Property was purchased with cash in 2016 and the borrower invested significant funds in capital improvements, which increased rental income.
Axos Bank was able to underwrite and provide a cash out loan based on increased value of the property after stabilization.
|LOCATION||PROPERTY TYPE||LOAN AMOUNT||LTV||DSCR||RATE / TERM|
|Pasadena, CA||Multi-Family||$625,000||54%||1.25||5.75% / 5 year fixed 30 year term|