foreign investor
I am looking to purchase a property in Palm Springs. I have already found the property so this can happen quickly.My situtation is that I am an Australian citizen but live and work in Canada (giving me canadian income)... I would like to borrow $250k and have $50K to put down for the deposit. Can you please give me any information that would help me with my quest? by letaja_876_506 from Indio, California. Oct 4th 2011
Forest Tardibuono (ari@sunpacmortgage.com)
#289 ranked lender in California - 12 contributions
Best suggestion is to find a Hard Money Lender/Private Money Broker who is licensed in the state of Florida. Most Brokers or Lenders who are licensed in one state (such as myself, for state of California) can't do out of state. I suggest searching on Google or Craigslist for legit Lenders. Search for terms such as "special financing", "hard money" "private money loans", etc. but for Florida and/or Palm Springs specific. Good luck!Best, ForestBroker Sun Pacific Mortgage & Real Estatea.k.a. "The Guy In The White Hat"
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
@Forest,Palm Springs is in CA not FL.
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
With a private money loan you'll need 40% down. All my portfolio lenders on a foreign national loan require 50% down but you may find someone that requires less.Happy funding, Rudi
James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions
Instead of seeking a US lender to finance your home loan and treat you as a foreign national, why don't you look at a Canadian mortgage company who will lend on US properties. You might find more amiable lending terms.
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