Civic Financial Services for New Mexico investors
Civic Financial Services (now part of PacWest Bank) is a long-standing national non-QM lender with full product suite. 75% LTV on cash-out refinance.
New Mexico context
New Mexico steady DSCR. Santa Fe historic STR market.
How Civic Financial Services positions in New Mexico
For New Mexico specifically, Civic Financial Services fits investors who match the hard money approach. The medium cash flow profile of New Mexico aggregate makes it workable for Civic Financial Services.
City-level coverage in New Mexico
Civic Financial Services provides DSCR coverage across New Mexico metros including Albuquerque, Santa Fe, and Las Cruces. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Civic Financial Services program terms apply uniformly across New Mexico metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $75K - $2.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| New Mexico property tax | 0.8% |
| New Mexico state income tax | 5.9% |
Civic Financial Services strengths in New Mexico
- broad product suite
- experienced team
- national reach
Ideal borrower: Mid-to-experienced investor with consistent deal flow
FAQ
Yes, operates nationally including New Mexico. Civic Financial Services is based in Redondo Beach, CA and operates nationally.
Albuquerque is the top investor market in New Mexico and falls within Civic Financial Services national coverage. Albuquerque property tax follows the New Mexico state rate of 0.8 percent. Civic Financial Services typically underwrites Albuquerque acquisitions at standard rate sheets.
Yes. Santa Fe ranks among the larger New Mexico investor metros and sees consistent DSCR loan volume from Civic Financial Services. Submarket variation within Santa Fe matters for property selection.
Civic Financial Services applies the same rate sheet across New Mexico metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Albuquerque, Santa Fe, and Las Cruces all qualify for the same Civic Financial Services program.
Civic Financial Services indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
New Mexico steady DSCR. Santa Fe historic STR market. Civic Financial Services follows standard business-purpose loan structures.
Civic Financial Services funds fix-and-flip, BRRRR, rental, bridge in New Mexico.
New Mexico allows standard DSCR prepay structures; Civic Financial Services typically uses 3-5 year step down.
Civic Financial Services typical close: 10-21 days typical.
Bottom line
For New Mexico DSCR borrowers, Civic Financial Services is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services.