West Hills Property

Loan Amount: $740k

LTV: 75%

Property Location: Los Angeles, CA

Units: 1 Unit

Loan Product: Venice DSCR < 1.00 30 YEAR FIXED

Borrower Profile:

We closed this deal in less than 45 days from the application date. The borrower wanted to purchase an investment property in Los Angeles for rental income. They qualified for our DSCR loan.

Deal Structure:

This loan was structured as a Debt Service Coverage Ratio (DSCR) loan, which allows investors to qualify based on rental income from the property rather than personal income. This particular deal used a fixed rate for 30 years, with a 1-year prepayment penalty period to secure a lower interest rate.

The property is a single-unit residential home in West Hills, Los Angeles, making it ideal for long-term investment due to its location and market potential. The borrower was able to secure a competitive rate of 9.5%, despite a DSCR ratio of less than 1.00.

How Others Can Benefit:

Investors looking to build their portfolios can benefit from DSCR loans like this one, which offer flexibility in qualification. Even with a lower DSCR, this type of loan can be a powerful tool for securing high-value properties in competitive markets without relying on personal income documentation.