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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.

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