Cross-Collateralize Multi-Family and Single-Family Rental Assets


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Min Loan Size $500K
Min FICO*660 w/o bks, foreclosures, etc. in last 3 years
Min Unit Count*5 (ex: 1 duplex & 1 triplex OR 5 SFRs)
Min Values*$50K = Single family dwelling | $40K/door = Multi-family dwelling

Asset Types*SFR, condo, townhome, 2-4 Unit and 5-20 unit apartments (larger apartments on exception basis)

Max LTV*Up to 70% (up to 65% for foreign nationals, min loan amount $1m) Based on per property seasoning

Min DSCR*1.20x (1.25x for loans under $2M)
Rates*Starting low 5s and up
Term Options*5 Year or 10 year balloon

Yield Maintenance*54 months on 5 year, 114 months on 10 year

Amortization Options*20, 25 & 30 years
Interest Only*Case by Case – Up to 65% LTV

Non-recourse Option*Yes

Foreign Nationals Yes*Max LTV up to 65% and Min Loan amount $1M*
Borrower Entity Delaware SPE LLC required

Expense Deposit*Yes

Reserves*Yes – Taxes, Insurance, Capex and Debt Service/P & I Payment Reserves Escrowed at closing – 3 months P & I (Greater than 20 units) or 6 months P & I (Less than 20 units)

Condo Conversion*Yes

Non-Warrantable Condo*Yes
Occupancy*Min 90%

Lease Term*Min 12 months
No vacation rentals/Short-term
Liquidity/Net-worth Requirement*- 5% of loan amount Liquid and 25% net-worth

Seasoning Schedule
The lesser of LTV or 100% LTC 12-18 months seasoning
The lesser of LTV or 90% LTC <12 months
The lesser or LTV or 70% LTC <3 months
Greater than 18months up to 70% LTV
*Seasoning limiters will be calculated on a per property level

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Email: Submissions@usfinancecompany.com
Website: www.usfinance.biz