New Mexico DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
New Mexico (NM) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in New Mexico utilize Judicial (or Commercial Deed of Trust Act) security instruments, with an average non-homestead effective property tax rate of 0.76%, a median 1–4 unit investment home price of $325,000 (median rent $2,350/mo), and 5+ unit multifamily market rents averaging $1,380/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Judicial (or Commercial Deed of Trust Act)EFFECTIVE PROPERTY TAX
0.76% Avg ($206/mo)MEDIAN 1–4 UNIT PRICE & RENT
$325,000 · $2,350/mo5+ UNIT MULTIFAMILY RENT
$1,380/door/moNew Mexico Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · Canonical Integer _cents & _bps Engine
Price/Door: $325,000·Loan/Door: $243,750·Avg Rent/Door: $2,350/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.25xCanonical:
125 bps · 7500 bps LTV · 6625 bps RateStandard Multifamily / DSCR Pass (1.15x–1.24x)
Loan Amount (75% LTV)$243,75024,375,000 _cents
Monthly P&I Debt Service$1,561/mo@ 6.625% Note Rate
Total Monthly PITIA$1,880/moTax: $206 · Ins: $114
Net Monthly Cash Flow+$470/mo$5,636/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $1,880/mo | 1.25x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $1,921/mo | 1.22x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $1,741/mo | 1.35x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender.
New Mexico Cities with Population ≥ 50,000 (5 Markets)
Click any New Mexico city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (NM) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Albuquerque, NM → | BERNALILLO County County | 606,580 | 0.81% | $395,000 | $2,850/mo | $1,675/door |
| Las Cruces, NM → | DONA ANA County County | 110,443 | 0.76% | $330,000 | $2,350/mo | $1,400/door |
| Rio Rancho, NM → | SANDOVAL County County | 100,232 | 0.76% | $295,000 | $2,150/mo | $1,250/door |
| Santa Fe, NM → | SANTA FE County County | 76,274 | 0.76% | $330,000 | $2,350/mo | $1,400/door |
| Roswell, NM → | CHAVES County County | 52,986 | 0.74% | $290,000 | $2,100/mo | $1,250/door |