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

NationalityProperty ValueLoan AmountLTVRate
Canada Citizen $4,200,000 $2,500,000 60% 4.35%
Term Address Property TypePurposeLoan 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
LTV60%
Rate4.35%
Term3/1 ARM
Address Venice Beach, California
Property TypeSingle-Family Home
Purpose Purchase
Loan TypeResidential

Schedule a call with our U.S. Mortgage Specialist.