Nadlan Capital Group – USA Real Estate Financing for Foreign Nationals and Residents
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Case Study: Loan 1359 – Roy | Purchase | New York | Lender #2486
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Case Study: Loan 1359 – Roy | Purchase | New York | Lender #2486
🏡 Case Study: Loan 1359 – Roy | Purchase | New York | Lender #2486
When navigating a DSCR purchase loan as a foreign national investor, some requirements might feel unfamiliar. Roy’s case helps illustrate two of the most critical conditions that come up often in these transactions:
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✉️ The Personal Financial Statement (PFS)
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🏢 Why self-management is not allowed for foreign nationals
📈 What Is a Personal Financial Statement (PFS) and Why Is It Required?
A PFS is a comprehensive overview of your personal financial position. Unlike a bank statement, which only shows your liquid funds, the PFS shows the full picture:
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Assets (real estate, investments, accounts)
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Liabilities (mortgages, credit cards, loans)
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Monthly income and expense summary
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Net worth calculation
Why the lender asks for it: In a DSCR loan, even though the underwriting is property-income-based, the lender still needs to verify the sponsor has enough net worth and liquidity to cover closing, reserves, and risk.
In Roy’s case, a bank statement was uploaded initially, but this was not sufficient. The lender requested the official PFS form, which must be filled and signed. You can find more details here: What Is a PFS and Why It’s Required
🛍️ Why Foreign Nationals Cannot Self-Manage Their Investment Properties
In DSCR financing, foreign national borrowers must work with a U.S.-based property management company. This is a strict condition by nearly all lenders.
Why lenders require this:
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Remote management is considered high-risk.
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There must be a U.S.-based point of contact for rent collection, tenant issues, and emergencies.
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Property management ensures professional handling and verifiable income flow.
In Roy’s case, although family members were helping manage the property, the lender did not accept self-management, and requested two additional documents:
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📄 Property Management Agreement
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📃 Property Management Questionnaire
Both forms are mandatory for compliance and must be filled out completely.
📋 Additional Key Notes From Roy’s File
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Appraisal was ordered and paid for promptly ($695)
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Insurance contact provided: Dan Gueli (Allstate)
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Title company confirmed: LandStar Title Agency Inc.
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Purchase agreement was missing an expiration date
🔎 Summary: Lessons from Roy’s Purchase Loan
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✅ A bank statement is not a substitute for a PFS
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✅ Foreign nationals must work with licensed U.S. property managers
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✅ Templates for PFS, PM Agreement & Questionnaire are available in the Nadlan Loan Portal
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✅ Clear document submissions = faster underwriting
By addressing these items quickly, Roy positioned his file for fast underwriting once the appraisal is received.
🌎 Tags:
DSCR Loan, Foreign National, Personal Financial Statement, Property Management, Refinance, NY Purchase, Appraisal, Real Estate Financing, Nadlan Capital Group
📍 Hashtags:
#DSCRLoan #PFS #ForeignInvestorLoan #RealEstatePurchase #NYRealEstate #PropertyManagement #LoanDocuments #NadlanCapitalGroup #RefinanceTips #DSCRRequirements
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