Non citizen/resident, trying to find a lender !!

[Mathieu Roegiers]

Hi all,

I have a one-bed owned free and clear in the city of NY, well rented out. I want to leverage this property to buy another 3 units. Plan is to add another 35 000 USD of my own funds, and be leveraged 30/70 for the total of the 4 apartments. I will be looking for about 490 000 USD as a mortgage, and the properties should all in total be cashflow positive, especially if I get decent conditions for a 30 year loan. 

As I'm not a resident or citizen of the US (I'm European and live in Europe), I can't seem to get good rates with the traditional mortgage providers and banks. I get quoted upwards of 6,5%, which is not really what I'm after in this market of falling interest rates. My home banks do not seem to want to lend me for property purchased abroad. I do have an LLC that owns the apartment.

Any one has had same experience, or knows a good company/bank that could help me with the above?

Your help is greatly appreciated

Matt