Ponoma Multi-Family Property
Property Details
Location
Property Type
Loan Amount
Pomona, CA
Multi-Family
$2.1MM
LTV
DSCR
Rate / Term
59%
1.26
5.02% / 5 year fixed 30 year term
Challenge
Purchase transaction where the property was currently underperforming. Borrower had limited outside income resulting in a below breakeven global cash flow.
Solution
Axos Bank was able to get comfortable with the transaction based on the borrower’s strong net worth, real estate investing experience, and potential for improved NOI which would improve global cash flow.
Discover the right solution for you.
Call us at 877-247-7994
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