1-4 Unit Investment Property
Introducing our new 1-4 Unit Investment Property Program. LEY Capital single property loan program is designed to help investors grow their investment portfolio through refinancing existing properties or purchasing new assets. Includes 2, 3, and 4 unit properties and non-warrantable condos.
Program Guidelines
| Lending Area | Nationwide |
| Loan Amounts | $75,000 – $3,000,000 |
| Cash Out | Purchase/Refinance up to 75% LTV |
| Adjustment Period | Same Index, Margin, Caps, and Floor as CCL 100 |
| Prepayment | Up to 5 years/stepdown |
| Underwriting | Min. 1.00 DSCR |
| Seasoning | Not required (< 12 months seasoning ownership or debt – case-by-case) |
| Rate Buydown | 1 pt. for 50 bps reduction, 6.75% floor |
| Occupancy | Investor Only – NO Owner Occupied |
| Loan Term | Subject to remaining economic life |
| Personal Recourse | Required for 25% or greater ownership |
| Credit Score | Minimum 580 |
| Loan Cost | 5% total (origination, processing, underwriting, and documents) |
| Third Party Deposit | $995 – $1595 |