Financing for 2-8 unit properties that include both commercial and living space.
Minimum Down Payment
25% of sales price
Minimum Credit Score
Cash Flow Ratio
100% debt service coverage to $1 Million, 110% debt service coverage > $1 Million
Eligible Property Types
Max 6 units. Max 2 commercial units and 50% max commercial usage.
$200,000 to $2,500,000
6-12 Months (based on loan amount)
Can be vacant (will use appraisal rent schedule for rent amount)
Yes we will accept appraisals from another company
Transaction Types Allowed
Purchase, refinance, and cash out
2 months bank statements