U.S. Expat buys distressed property in Oregon to fix and sell

U.S. Expat Buys Property

The Client

U.S. Surgeon living in Toronto was looking to purchase a Flix-and-Flip property in Oregon as an investment, mainly to earn rental yield.

How We Helped

Fortunately for our clients, situations like this are our specialty. We secured a loan for ARV (after-repair-value) using a short-term bridge loan. Being an expat meant that our client had no W2 and lacked U.S. credit.

Loan Details

NationalityProperty ValueLoan AmountARVRate
U.S Citizen$550,000$302,50055%6.55%
TermAddressProperty TypePurposeLoan Type
12 MonthsCorvallis, OregonSingle-Family HomeFix-and-FlipResidential