LM
L.A. MORTGAGE DUDE
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1st & 2nd
Lien positions available
Any
Number of Units
Zero
Prepay Penalties
No
Minimum FICO or DSCR
PROGRAM TERMS
Términos
Every tier below qualifies on Gross Rents divided by PITIA — including office, retail, and industrial. Seller seconds allow you to bring in less cash to close on select purchases. Designed for investors by investors.
Tier | Purchase & Refi | Cash Out | Lien Position | Max Loan Amount |
|---|---|---|---|---|
1 Unit | 85% LTV | 80% LTV | 1st & 2nd | $3m |
2-4 Units | 80% LTV | 75% LTV | 1st & 2nd | $3m |
5-8 Units | 75% LTV | 70% LTV | 1st only | $3m |
9+ Units¹ | 70% LTV | 65% LTV | 1st only | $10m |
¹ 9+ unit and qualifying commercial properties (office, retail, industrial) can also be structured to 90% CLTV using seller financing up to 20% of purchase price, with a minimum 10% from the borrower. All terms above represent program ceilings, underwritten on true gross rent against PITIA, and subject to credit, liquidity, and property-level review. No minimum FICO or DSCR ratio on any tier. Foreign nationals eligible. Fixed and ARM, fully amortized or interest-only, 0–5 year prepayment penalty options on all tiers.
Property Types
Single Family
Condotel
Multifamily
Mixed Use
Short Term Rentals
Rural
Townhomes
Office/Retail
Warrantable Condos
Industrial
Non-warrantable Condos
Manufactured Homes
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