All Forum Posts by: Raj Khadilkar

Looking for DSCR loan for a portfolio of four or more properties as a Foreign NAtional, NO SSN, No Credit score but have EIN's and 10 years of investing experience. ARV on all of the SFR's are in the range $115K onwrds after Rehab. Looking for 70%+ LTV, up to 2% origination, 2//3 PPP, 30 years terms. Please PM me if anyone has suitable program. Thanks heaps.

Hey Arnuv, 

You can try out Griffin, Clift, Everton & Maschmeyer, PLLC.
They are in Memphis. I have worked with them before for my SFR's (long distance) they are awesome. Ping me and I can give you the contact details. Cheers
 

Gutted....!! thanks any ways Tim and Grant. @ Tim - PM'ed you...Thanks 

Good point @Tim Gimer. just a question to @Grant Schroeder - were your overseas borrowers US citizens?

Thanks Ruth, Grant and Pablo!! 

@Ruth, Just did a little bit of research, my lender is in CA. Dang.....not sure they accept the RON...? I have asked to get back to me though. Google says California does not recognize RON. If I understand correctly even if I use notary from TN then he has to abide by the CA Notary rules... any thoughts? 

Excellent Ruth. Thanks a lot. Will run pass with my lender and Title company!!  

Hey BP community,

I hold a small portfolio of four properties in Memphis. I am sorting out my cash out loans on my SFR's in Memphis. Have hit a major hurdle with lender and title company with notarising the docs by the US embassy. Now we under lockdown due to Delta and cant travel to get embassy to sign these docs. Stuck with last 20 days and cant do it without sedning it over. Other option was to get it notorised by mobile notary and get those apostilled by the local govt (Dept of Internal affairs in NZ). But since the locakdown none of notary are open and also dept of internal affairs.

I hold this portfolio from Mid 2013. Things probably were simple then and any authorised agent of LLC could sign so I had my attorny with a small operating agreement / resolution / POA could sign and binding on the LLC members. But now my Title company and lender is asking that loan documents needs to be signed by the USA embassy of country of residence - in my case NZ. Not sure if that is lenders / title company's requirements or statutory requirements.

Could some attorneys, lenders advise me - If this is new statutory requirement? or Does it depend on title and Lender? Is it counrty specific ? What are the requirements for other countries such as Australia/ India? What info available on google/ websites ? Many thanks in advance.   

Thanks BP and contributors to this thread. Awesome info, this surely filled in the gaps for me. 

Alex,

I have portfolio of four SFR, none of them are over 100 k but portfolio is about $320k. Do you think they could fund overseas investor with 7 years of seasoning LLC? Do they need any seasoning of LLC?