Hi, 

Does any one here know how to work out loans for wealthy foreign nationals with no credit history?

Anything up to 8% will be fine. Private \ hard \ conventional.

Ilan

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Hi IIan,

We have a lender that does these. Please contact me asap.

Jguada2365@aol.com

Thanks, Joanne

 work directly with a lender and we offer the following funding programs:

$100% financing/bond funding.  This funding is 100% financing, but, the principal must be able to be able to pay for the underwriting, due diligence and appraisal fees.  We charge NO UPFRONT FEES to review a transaction.  After reviewing the transaction, we submit it to underwriting and we do a conference call.  We do some "Q & A" with the client and at the end, the client decides if they want to go forward.  They don't pay any fees until they decide And, we even give out references after the conference call.  Yes, you can call our clients and get feedback. 

Recourse Funding.  Commercial and residential loans from $25,000 up to $500,000.  This is an asset based, no-credit score and no personal guarantee loan.  We offer bank rates from 4% to 5.5%.  70% LTV based on the ARV (after repair value) of the property.  For buy/sell, it's 12-18 month interest only and for buy/sell, we can do a 5 to 10 year term based on a 20 to 30 year amortization.  

Non-Recourse Funding.  For our non-recourse lending for loans of 70% to 80% LTV based on the ARV.  So, for example:  you have a client that needs a loan for $3 million and the property is worth $5 million (refinance scenario).  Here, there is no personal guarantee and it is asset based.  The client MUST be able to show reserves and prove he can service the debt.

Should you have any other questions either e-mail me at eliteconsulting799@gmail.com or call me direct at 551-208-7661.

Thank you.

Paula Steele

551-208-7661

Foreign National Funding Program

  • No US Income - OK
  • No Proof of Foreign Income - OK
  • No US Credit - OK
  • NO Social Security - OK
  • No Citizenship - OK
  • Non Primary Residence Properties Only
  • Only Require Passport for Identification
  • Max 55% LTV
  • Loans up to 2 Million

Eligible Property Types:

  • Residential SFR, Condo, Townhome, Condo, 1-4 Units
  • Multifamily, Mixed Use, Office Bldg, Office Condo, Retail

Areas of Lending:

  • Residential: CA, AZ, NV, OR, ID, CO, UT and now TX
  • Commercial: Nationwide except MI and VT

John Wingle- 302-563-0352       JohnWingle@gmail.com

 

 

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