AccoLend
310 Cedar Lane, Suite 3A, Teaneck, NJ 07666
https://accolend.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
18,482
Total loans closed with Loan Factory (past 12 months)
14,960
Lender overview
Basic information
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Lock policies & Fees
Lock Policies
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No
Lender's niche & Overlays
No points programs, low rates, smooth execution and pragmatic underwriting
Loan type: Non-owner occupied and investment properties strictly
Properties: 1-4 family, Condos, Mixed use, Multifamily (up to 50 units)
Fix & Flip, Bridge, Ground-Up Programs
DSCR Premier Rental Program:
- Minimum DSCR ≥ 0.750
- First-time homebuyers are not eligible
- All US states, except AK, AZ, HI, ID, MN, ND, NV, OR, SD, and UT.
DSCR 5-8 Units
- A commercial appraisal is required.
- Expenses are calculated using fully stacked expenses, as listed in commercial appraisals with vacancies, management, etc.
- Minimum DSCR is 1.00x
- Minimum FICO Score is 700
We do not finance properties in low density areas, rural properties, luxury real estate.
Lender turn time
1
1
1
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