USAM LENDING PHILOSOPHY
We are Value Builders and Asset Obsessed. We underwrite one transaction-at-a-time. While conventional commercial loan reviews include project income, borrower credit and the property valuation, we underwrite overall project integrity.

Conversely, the USAM underwriting triangle is concerned most with borrower integrity, project vision and property valuation - in that order. We carefully examine a property’s valuation and its upside potential.

USAM LENDING PROGRAM
Each USAM loan has its own set of unique circumstances due to borrower, property type, project type and required speed to close. We are a short term commercial real estate lender making loans to clients looking to:
  • Exploit an opportunity
  • Maintain an existing property value, or
  • Execute a “highest and best use” plan
Once convinced of the project and its integrity, we determine the required plan and necessary steps to close. We review every possible means to make the transaction and protect USAM security. Whether requiring personal guarantees, cross collateralization of other property or other credit enhancements, our goal is to make the loan and protect the USAM portfolio. Further, all USAM loans are unanimously approved by Executive Committee Members - Jack Lieberman, Steve Dallas & Jeff Macartney.

USAM Lending Parameters
  • Loan Size – from $500,000 - $10 million
  • Locations – California, Texas & case-by-case basis
  • Collateral – commercial & investment residential
  • Rates – From 9.99% / USAM Average - 12.50%
  • Terms – 1st or 2nd mortgages; 30 yr amortized due in 1 year - possible one year extension
  • Max LTV – generally 70%
  • Appraisals – require USAM approved appraisal
  • Flexible CLTV – cross collateralization, other assets, income & personal guarantees
  • Repayment – must exhibit precise plan
Loan Requirements
$100,000 to $750,000
  • Exec. Committee Approval
  • Construction Loans: draws & vendor reviews
  • USAM Appraisal
$750,000 to $2,000,000
  • Exec. Committee Approval
  • Onsite Property Inspection
  • USAM Appraisal
$2 Million to $20 Million
  • Exec. Committee Approval
  • Onsite Property Inspection
  • USAM Appraisal
Mezzanine & Equity Requirements
  • Case-by-case basis
  • Onsite Property Inspection
  • USAM Appraisal