Foreign National Mortgages - Ohio

[Thomas Worbech]

Hello!

I am a real estate investor from Denmark who is looking to build a cash flowing portfolio of real estate in Cleveland. Last year I bought the first turnkey property through my Ohio based LLC.

I am looking for lenders who can provide foreign national mortgages to buy or refinance properties on favorable terms. I have no intention of a single business transaction but is looking for a long-term partnership which is beneficial for the both parties.

Referrals are also very appreciated.

Please reach out for more information!

Thank you!

Thomas

[Dustin Lauer]

Do you have an Ohio area property manager? That will be helpful for terms with any lender.  Some rent history will help as well as I suspect you may have.

I'm surprised there are not a lot of comments in here moments after the post :)  

The good news is there are plenty of lenders for this your scenario. 

For some months I'm not sure I did much else besides foreign national investments in Ohio.  Terms used to be expensive compared to domestic borrowers guaranteeing the loan.  Today depending on transaction size non-recourse options can actually made at the same / similar terms for foreign national buyers.