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Rental Portfolios
Ross Commercial Capital Group
Makes Rental
Loans Easy
Ross Commercial Capital Group Rental Portfolio loans provide you with a reliable funding source for your landlords against a collection of 1-4 family houses.
Rental Portfolios Terms
Property Types
Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
5-8 Unit Properties allowed up to 15% of Loan Amount
Loan Amount
$250,000 - $50,000,000
Loan Type
30-Year term, Fixed Rate Mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
Recourse
Non Recourse with bad-boy carveouts and Pledge of Equity of Borrowing Entity
Maximum Loan To Cost
If Owned less than 3 months: 80% of Total Cost Basis
If Owned between 3 and 6 months: additional 5% haircut on Max Eligible LTV
Maximum Loan To As-Is Value
(Subject to Minimum FICO)
Purchase/Rate-Term Refinance: 80%
Cashout Refinance: 75%
Minimum Debt Servie Coverage Ratio
For portfolios with <=$2MM AND <=10 properties: 1.10x - For all other portfolios: 1.20x
Term Length
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
Minimum Guarantor FICO
660 (for portfolios at or under $2MM and 10 properties)
All other portfolios: 680
Lease Requirements
Minimum Occupancy Rate of 90% by Unit Count
- Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
- Unleased Units: 90% of Market Rent (Purchase Loans only)
The widest range of terms and options
5, 10, and 30-year term, fixed rate or hybrid ARMs, partial IO available, non-recourse.
Ultra competitive rates and leverage
Borrower-friendly rates and full leverage available 90 days post purchase with no further rent roll seasoning required.
Fund portfolios of all shapes and sizes
By funding portfolios of $150K to over $50MM, Ross Capital Commercial Group lets you accommodate all real estate investors, from “mom-and-pop” investors that own fewer than 5 properties to institutional buyers with 500+ property portfolios.
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