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Buying or cashing out on a multi-family property? We can get you on the right plan to fit your needs. Anything from large sub-division developments to industrial loans to Sub-Prime construction bridge loans. We have it!
All we need is your Net Operating Statement and Rent-roll and we can get right to work for you in finding you the best possible deal. Let us do what we do best!
Aggressive Stated Income Loans (no Tax Returns Required) based primarily on the property's generated Income. DSCR's as low as 1.0% to 1.2% (the higher the DSCR the lower the rate)
DSCR (Debt Service Coverage Ratio) is the relationship between Net Operating Income and your monthly mortgage payments... for example, a 1.0 DSCR means the property's Net Operating Income is equal to the mortgage payments... or a DSCR of 1.25% means that the Net Operating Income is 25% higher than the mortgage payment... so there is money left after you pay for everything -including the mortgage... Thus, the higher the DSCR the lower the risk of the borrower defaulting and the lower rate you would be able to get... Is one of those catch 22 things, where you get a lower rate and this in turn gives you a lower payment and then you get a low DSCR, which allows you the lower rate to begin with...
Just email us, we are here to help...
Our company has the talent, analytical skills, bank relationships and experience necessary to make your deals happen at very competitive terms. Just call or email one of our loan officers at info@selectrecorp.com or 310.557.2100.
We can make it happen!
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