Munoz & Co. Ltd. Originates $5,209,869 in Mortgages for November 2024
Munoz & Co. Ltd. proudly announces another productive finish for the month ending November 29, 2024, with $5,209,869 in mortgages originated across various debt structures, including both single-tranche and multi-tranche loans. This accomplishment reflects our unwavering commitment to serving real estate investors with tailored financing solutions that enable them to acquire cash-flowing rental properties.
Geographic Breakdown of Volume
Our November production highlights include $1,564,000 in loan originations in Scottsdale, Arizona, underscoring the region's continued demand for strategic real estate investments. Another $2,073,669 was originated in Ohio, reflecting strong investor activity in its burgeoning rental markets. The remaining 30% of our loan volume, amounting to $1,572,200, was distributed across Louisiana, Alabama, and Tennessee, where opportunities for rental cash flow remain promising.
Commitment to Business Purpose Lending
Munoz & Co. exclusively originates business-purpose mortgages, focusing on real estate investors acquiring properties designed to generate rental income. This specialization enables us to deliver financing solutions that align directly with investor goals, offering unique value through flexible debt structures tailored to maximize cash flow potential.
November Metrics: DSCR, Rates, and LTV
Debt Service Coverage Ratio (DSCR): The loans we closed had an average DSCR of 1.54, illustrating strong rental income coverage relative to debt obligations, providing our clients with stable, profitable investments.
Blended Rate: Our average blended interest rate for November stood at 7.39%, shaped by fluctuations in the treasury market during the fall.
Loan-to-Value Ratio (LTV): With an average LTV of 82.68%, these high-leverage positions highlight our clients' strategic focus on maximizing available financing while maintaining investments that align with Munoz & Co.'s commitment to prudent, sustainable lending practices.
Supporting Real Estate Investment Growth
As we close another productive month, Munoz & Co. reaffirms its mission to empower real estate investors through bespoke mortgage solutions. Our expertise in structuring innovative debt products, combined with our dedication to superior service, ensures that clients have the tools they need to grow their portfolios while achieving long-term success.
Looking ahead, Munoz & Co. Ltd. is poised to expand its presence across more regions, further solidifying its reputation as a leader in business-purpose mortgage lending.
We also wish you a Happy Thanksgiving!
