Our client purchased a 4-bedroom single-family home in Florida, intending to fix and flip it. Being a Foreign National made it difficult for him to find a lender who would finance a fix-and-flip property.
How We Helped
His lack of U.S. credit made it hard for him to find a bank to lend to him. Using AM Fix-’N’-Flip program for Foreign Nationals, we were able to use his local credit, and the client was able to get a loan amount based on the ARV. Within a month, the deal was closed. (Also see Can a Canadian Buy a House in the USA?)
|Nationality||Property Value||Loan Amount||ARV||Rate|
|Term||Address||Property Type||Purpose||Loan Type|
|18 Months||Orlando, Florida||Single-Family Home||Fix-and-Flip||Residential|