Conventional Owner Occupied
Ideally suited for the business owner that will occupy a minimum of 25% of the property and can provide a
minimum of 2 years of stabilized financials. Subject business and borrower's financials are analyzed to
calculate a global debt service calculation. Lease income generated by investment tenants is allowed to be
applied towards debt service in underwriting.
Program Characteristics:
- LTV up to 90% for multi use properties, 65% or less for special use
- Loan amounts up to $8mm
- Fixed rate options out to 30 years
- Debt Service Coverage Ratio (DSCR) down to 1.20
- Multiple prepayment options
- Low down payment
- No call provisions on loan
- Fast to qualify DSCR standards
- All income streams taken into underwriting consideration
- Quick approvals
- Fast closings