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Single Property Rental
Ross Commercial Capital Group
Makes Rental
Loans Easy
Ross Commercial Capital Group Single Property Rental loans provide a reliable funding source for landlords against cash-flowing 1-4 family houses.
Single Property Rental Terms
Property Types
Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
Loan Type
30-Year Fixed Rate Mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
Recourse
Full Recourse Only
Term Length
30 Years
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
1.10x (Gross Rent/PITIA)
Minimum Guarantor FICO
Mid-Score of 660
Lease Requirements
Leased Units: Lower of (i) In-Place Rent & (ii)
Market Rent
Unleased Units: 90% of Market Rent
(Purchase Loans only)
Quick and easy
Generate term sheets fast with an automated loan pricer.
Borrower-friendly loan options
Fixed rate and hybrid ARMs, up to 10-year IO periods, easy step down prepayment penalty options.
Flexible rates and terms
With common-sense underwriting and concierge service from our team of experts, you will always get the loan that works best for you.
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