• Nadlan Capital Group - USA Immobilienfinanzierung für Ausländer und Einwohner

  Fallstudie: Darlehen 1361 – Yasmine | Refinanzierung mit Cash Out | Tennessee

  Geschrieben von Nadlan-Gruppe am 8. Mai um 00:27

  🏠 Case Study: Loan 1361 – Yasmine | Refinance with Cash Out | Tennessee | Lender #2488

  In this case study, we explain three key concepts that emerged during Yasmine’s DSCR refinance process: the difference between an LLC and a partnership, why an operating agreement is needed (and not a partnership agreement), and the role of both a Personal Financial Statement and bank statements in underwriting.

  🧾 LLC vs. Partnership – Why It Matters

  LLC (Gesellschaft mit beschränkter Haftung):

  • A formal legal structure registered with the state.

  • Benötigt ein Betriebsvereinbarung showing member roles and ownership percentages.

  • Treated as a business entity distinct from its members.

  Partnerschaft:

  • Can be informal or formal but often lacks a legal filing.

  • Usually governed by a Partnerschaftsvertrag zwischen Individuen.

  • Ownership roles may be verbal or less structured.

  ✅ Why this matters for DSCR loans: Lenders underwrite the entity that is borrowing. If the entity is a registered LLC, they must receive an Operating Agreement that includes:

  • Entity name matching the loan application.

  • Member names and percentages of ownership.

  • Authority to sign (manager-managed vs. member-managed).

  During Yasmine’s review, a partnership agreement was submitted instead of the required Betriebsvereinbarung. Since the borrowing entity was an LLC, the lender needed the correct document.

  📊 What Is a Personal Financial Statement (PFS)?

  A PFS summarizes an individual’s personal:

  • Assets (real estate, savings, investments)

  • Liabilities (loans, credit cards)

  • Monthly income & expenses

  ✅ Why it’s required: Lenders need to assess the personal financial strength of the borrower or guarantor. A bank statement only shows current cash — the PFS shows total financial position.

  In this case, Yasmine uploaded bank statements instead of the PFS form, which delayed underwriting until the proper document was submitted.

  Sie können hier mehr erfahren: 🧮 What Is a PFS and Why Is It Required

  🏦 Why Bank Statements Are Still Needed

  Even though a PFS gives the full picture, Kontoauszüge serve a different role:

  • Show proof of liquidity and reserves.

  • Confirm rent deposits and expense patterns.

  • Help validate income vs. stated cash flow.

  In Yasmine’s case, April bank statements were requested once the month closed. These were used alongside the PFS to validate cash flow and ensure reserve requirements were met.

  📌 Final Notes on Documentation

  • ✅ Betriebsvereinbarung = required for LLCs (not Partnership Agreement).

  • ✅ PFS = complete financial profile (not just one or two accounts).

  • ✅ Kontoauszüge = verify real-time liquidity and payment behavior.

  Yasmine’s case highlights how critical it is to match the right document zu den correct entity type, and to use official templates provided by the lender.

  Thanks to her prompt follow-ups and cooperation, the file proceeded to appraisal and is on track for closing.

  🏷️ Tags:

  DSCR Loans, Operating Agreement, Personal Financial Statement, LLC Structure, Real Estate Lending, Bank Statements, Refinance with Cash Out, Nadlan Capital Group

  📲 Hashtags:

  #DSCRLoan #OperatingAgreement #LLCvsPartnership #PFSExplained #RealEstateInvesting #LoanDocuments #BankStatements #NadlanCapitalGroup #RefinanceTips #UnderwritingDocs

  

  Nadlan-Gruppe antwortete 1 Woche, 3 days ago 1 Mitglied · 0 Antworten

  • Kontoauszüge
  • DSCR-Darlehen
  • LLC-Struktur
  • Betriebsvereinbarung
  • Persönlicher Finanzbericht
  • Immobilienkredite
  • Refinance with Cash Out
• 0 Antworten

Anmelden um zu Antworten