Canadian Building Contractor Secures U.S. Financing for Fix-and-Flip Expansion

The Client

Our client was a Canadian self-employed building contractor living in Vancouver, BC. He was a very experienced home flipper in Canada and the U.S. In the U.S., he was forced to pay cash due to the inaccessibility of “Fix and Flip” loans for non-U.S. citizens. He wanted to expand his U.S. presence but needed proper financing to do this.

How We Helped

Our America Mortgages loan officer based in Canada structured our AM Fix-and-Flip loan, which allowed the client to qualify to expand his business in the U.S. He had more than 10 Fix-and-Flip completed in the U.S., all with cash. With his ability to get financing for the Fix-and-Flip purchase, he switched to a long-term hold focus of fix n hold. 

Our America Mortgages loan officer worked with the client from acquisition and renovation financing to refinancing to a long-term mortgage based only on the income of the rental property to qualify. 

Loan Details

Nationality	Property Value	Loan Amount	ARV	Rate
Canadian Citizen	$312,000	$294,000	80%	10.50%/8.00%

Term	Address	Property Type	Purpose	Loan Type
Fix-and-Flip/30-Year Fixed	Seattle, WA	Apartment/Condo	Purchase	Residential