Foreign National Mortgage

[Sharon Rolel]

Hello,

Can anyone tell me anything about acquiring such a loan? I have a net worth of around 1.5m USD and have 6 (SFH) properties directly under my (LLC that is solely under my) name, and a few others that I have shares in, of a bigger scale, though still private. I am from Israel originally and also a Canadian PR. I have 2 mortgages in Canada for my investment properties there, and am working on getting into as much reasonable debt (under 6 or so %) as I can. My credit scores in Israel and Canada are perfect.

I am interested in two things - home equity loans for those 6 SFH (they aren't worth much at all and were worth even less when I bought them, I hope) which are cash flowing steadily and nicely for the past 2 years, and mortgages for new properties I plan to buy. I can put up to 100% down, but obviously would like as much leverage as possible.

I have an ITIN which I used to open a bank account with Wachovia, who have been bought by WF, though my account has not been transferred yet. I have no credit cards on the account and no credit score what so ever. My cashflow stands at I would say 3000$ per month from my assets everywhere, since a lot of my worth is invested in development.

The amount I would like to invest is around 100k$ (of my money).

I have contacted several firms that claim to be able to find finance for me, at 70% LTV, but would like to hear some unbiased opinions and knowledge first.

As an overseas investor I don't have any particular state in mind, and would pick my market after I know where I can get financed.

Thanks!