Affect of US and foreign partner when seeking funding?

[Larry Smet]

Hi All,

I've been exploring partnering with a US citizen (I'm Canadian) to purchase small (i.e., "residential") multifamily properties together in Chicago - 2-flats or 3-flats.

Traditionally banks don't want to have anything to do with lending to foreigners like me, but I think having an American in the partnership would make a positive difference.

Does anyone know what effect the partnership would have on getting funding? Or better yet, does anyone have an institution to recommend where they've successfully done something similar?

Thanks,

Larry