Churchill’s Multi-Family DSCR product provides long-term financing for borrowers looking to acquire and stabilize properties between five and ten units.
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Churchill’s Multi-Family DSCR product provides long-term financing for borrowers looking to acquire and stabilize properties between five and ten units.
Property Type
5-10 units, no commercial
Loan Purpose
Non-Owner Occupied Business Purpose Residential Loans
Interest Reserve
4 months PITIA Required
FICO
680 minimum
LTAIV
up to 80%
DSCR Calculation
Leased: Monthly Rent / Monthly PITIA Vacant: 90% Market Rent / Monthly PITIA
DSCR
Minimum 1.00
Prepayment Penalty
0-5 Years, Stepdown
Experience
Minimum 12 Months with Multifamily
Recourse
Full required