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All Forum Posts by: Hanah Frickers

Hanah Frickers has started 5 posts and replied 30 times.

Post: Can anyone recommend a CPA + a few key structuring questions

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Tomasz Andres some of our Canadian and British investors use Harding Bell International (HBI) based out here in Florida and have had great experiences with their team. You can call Steve on 863 968 1010.
Good luck and reach out if you are interested in financing options!

@Ben Firstenberg thanks for your input! I have seen that too. First timers are not as creative or do not know what options there are both in terms of financing and investment opportunities. Which makes sense for them to focus on what they do know; that the numbers need to work. 

Post: Mortgage for foreign national

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Account Closed we work with FNs only, and we have a team out in Toronto. I'll dm you information.




 

Post: Foreign National Mortgage

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

Hi @Jesse Jin I work for FN lender but we are not yet active in AZ. I can send you some options over DM that may be able to help!

Post: When deciding to work with a lender, are rates your only consideration?

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

Thank you @Chris Seveney! Would you say you would have a margin you would be happy overpaying to be confident about the process and ensure completion?

Post: When deciding to work with a lender, are rates your only consideration?

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

Hi BPers! I am trying to gauge investor's mindset when selecting a lender to work with. Would your only consideration be how competitive the rates are or would there be other factors that might persuade you to work with an alternative (this is assuming up to a 75 bps or 1% difference max)? Thank you!

Post: Tax structure for Canada and US

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

Hi Paul, definitely a question for your cross-border tax advisor as with Canadians there are implications to double taxation. A lot of our Canadian clients have an LLC and an LP in the structure, but which one owns the property varies. Sometimes they have a Canadian C corp owning the last entity as well. Either way, expect to be advised to have a couple of layers in the ownership structure.

@Jonathan Farber confirming the responses mentioned above: for investor/non-owner occupied loans, a lender  can pay out a referral fee. We at Lendai (loans to foreign national investors) offer this for all partners referring business to us. Best of luck!

Post: Finance for Foreign National

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Amit Frenkel Pmd you