Pasadena Multi-Family Property

We find solution for borrowers with limited operating history.

Challenge:

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.

Solution:

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

Call us at 877-247-7994 to see how we can help you find a solution to your unique loan scenario.

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