Where Business Meets Living

Mixed Use Property DSCR Mortgage Loan Highlights

This Non-QM mortgage product uses the Net Operating Income (Cash Flow) from all units of the subject investment property to qualify the loan. It does not require full documentation for the owner of the property or LLC, typically rates are set based on the FICO score of the primary borrower, but employment and income documentation are not required.

• Understand the property type: Mixed-use properties have multiple purposes, such as a building with both residential apartments and commercial storefronts. Our programs typically require at least 50% of the property to be residential.
• Debt Service Coverage Ratio (DSCR): The DSCR is used to determine if the property's total income can cover the loan payments. It's calculated by dividing the property's net operating income (NOI) from all units by its total debt service (TDS).
• Property Management: Since mixed-use properties often have multiple tenants and purposes, managing them can be more complicated. Borrowers should have a plan in place for managing the property.

Small Commercial DSCR Programs Available:

• Purchase / Refinance / Cash Out Refinance
• Up to 75% LTV Purchase & Cash Out
• Up to 30-Year Fixed & 40-Year Interest-Only Terms
• Up to $5M Loan Amount
• No Income or Employment Used for Qualification
• 660+ Credit Minimum
• 2-8 Unit Mixed-Use Properties Allowed