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Updated almost 10 years ago on . Most recent reply
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financial advice and help for Canadian investors
Hello, don't have much experience in flip&fix. Purchase single house in Tempe ,AZ 25%down and hard money lender for 16% short term . Comps was good. Purchase price $85K , rehab total $20K , selling price $130K. We had couple buyers and they was not able to get mortgage. NOW, I have rent it, but I want to refinance it. Because Iam not USA citizen I am not able to get conventional loan or line of credit, ext. How and where to get refinancing ? My LLC and corp USA . Any suggestion, advice ? Thank you
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Look up Express Capital Mortgage in Arizona. They cater to lending for Canadians and Foreign Nationals, as a matter of fact, that's all they do. If the appraised value of your property is >$100K and you have a strong credentials (credit, income), then shouldn't be an issue getting a loan (from the criteria I've seen so far).