The Client

Our client had read about the tight housing supply in major college towns. He did some research and found Philadelphia as the best value.

How We Helped

Our client wanted to purchase a duplex very close to a university where he could rent to students. He had no U.S. credit, and to add to the complexity, he was self-employed and didn’t show his true ability to service the debt. We were able to get him 75% financing using his U.K. credit, and the debt servicing was structured solely around the projected rental income of the property he was buying.

Loan Details

NationalityProperty ValueLoan AmountLTVRate
U.K Citizen $260,000 $195,000 70% 6.125% Interest servicing only payments
Term Address Property TypePurposeLoan Type
5/1 ARM Philadelphia, Pennsylvania Duplex Residence Purchase Residential
Nationality U.K. Citizen
Property Value$260,000
Loan Amount$195,000
LTV75%
Rate6.125% Interest servicing only payments
Term5/1 ARM
Address Philadelphia, Pennsylvania
Property TypeDuplex Residence
Purpose Purchase
Loan TypeResidential

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