Above four units a property normally falls out of residential lending and into a commercial process that takes months. This keeps the residential process and the residential timeline on a cash-flow basis.
Qualified on the property's own coverage, the same as DSCR. Entity vesting standard.
Program highlights
Figures are the programme maximum at a glance. A file rarely qualifies at the maximum on two axes at once, and the guideline in force on the lock date governs. Nothing here is a commitment to lend.
Questions
A residential form with a rent schedule, not a full commercial narrative. That is most of where the time saving comes from.
Only where the commercial portion is a small share of the square footage and the income. Send the rent roll first.
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