The Client
Our client is a Canadian attorney and real estate investor looking to shift his real estate portfolio for multi-family U.S. property in California for retirement income. The property is a three multi-unit home in Venice Beach (2) and Long Beach (1), California, with net yields of 16%.
How We Helped
To secure the yield needed, the client required a mortgage below 5%.
Although the client earned excellent income and was an experienced real estate investor, the lack of U.S. credit created issues each time he approached a California bank or broker for financing.
As AMFNLite Program allows the borrower to use a “local” credit report, it solved the issue of not having U.S. credit. The rate required was merely an adjustment in LTV, giving the borrower a fixed rate on each property below 5%.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| Canada Citizen | $4,200,000 | $2,500,000 | 60% | 4.35% |
| Term | Address | Property Type | Purpose | Loan Type |
| 3/1 ARM | Venice Beach, California | Single-Family Home | Purchase | Residential |
| Nationality | Canada Citizen |
| Property Value | $4,200,000 |
| Loan Amount | $2,500,000 |
| LTV | 60% |
| Rate | 4.35% |
| Term | 3/1 ARM |
| Address | Venice Beach, California |
| Property Type | Single-Family Home |
| Purpose | Purchase |
| Loan Type | Residential |
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Schedule a call with our U.S. Mortgage Specialist.
America Mortgages Inc. is a mortgage broker focusing only on U.S. Expats and Foreign Nationals living overseas. We offer over 150 U.S. bank and lender programs direct to our international clients. America Mortgages is wholly-owned by Global Mortgage Group Pte. Ltd. an international mortgage specialist based in Singapore.