Updated about 10 years ago on . Most recent reply
General terms on investment financing
General terms on permanent financing:
Is the below pretty much standard?
30 year term
7-8.5% fixed
Minimum DSCR of 1.30 per property
Max LTV of 75% (plan for 3% closing costs)
4 points origination
Minimum property value of $60k
Must show at least 6 months of interest reserves in bank account