Pasadena Multi-Family Property
Property Details
Location
Property Type
Loan Amount
Pasadena, CA
Multi-Family
$625,000
LTV
DSCR
Rate / Term
54%
1.25
5.75% / 5 year fixed 30-year term
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.
Discover the right solution for you.
Call us at 877-247-7994
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