All Forum Posts by: Ricardo Fainsilber

Crystal Smith, Upen Patel, Matt Cartwright

A few people on BP who do these types of loans messaged me directly. I went with one of them and things have worked out well so far. 

 Thank you! I found a couple options, but I appreciate the help 

 Hi Nick,

Thanks for the message and your help. I think I might have found a good option, but it does seem like it has become more expensive and/or more complicated lately for foreign nationals to get loans. In my case, I own properties as well as other types of investments, I have LLCs, I have US credit cards and still it’s not easy. 
Right now I'm trying to refinance a small portfolio of SFR in Chicago that I bought cash a few years back and are now renovated, stabilized and professionally managed. I will use the funds for a new investment.

Can anyone recommend a someone who is currently doing loans for foreign nationals? I have high credit score, LLCs, income, credit cards, etc. but I'm a foreign national and I would like to refinance a portfolio of single family rentals. Thanks!

That’s true about the cycle. I did this thing about a year ago, it’s not the same today

@John Blackrock I did a 1031 exchange into multiple SFR in the midwest. From one property into 15 SFR which provide much higher ROIs now.

@Tom Dillon Ok, thanks! 

@Tom Dillon That is good to hear. I contacted them and got an email form them referring me to a 3rd company that could help me get started on investing in notes and provides education, seemed odd... Why not just take me as a client directly?

@Edward B. Thank you. Would you mind sharing what is the average return on their funds? I know they have a 10% preferred return, but what is the actual average return they pay?  Thanks again