The Client
Our client came to us through his client, a technology founder who saw our press release about disrupting the U.S. mortgage space for overseas borrowers. He wanted to purchase a property in San Diego as a second home for vacations with his son.
How We Helped
Our client had been in Asia for a long time but has been compliant in filing taxes and still maintaining a healthy FICO score. However, his bank, which he still keeps a deposit in, will not offer him a loan since he does not earn a U.S.-based income.
It’s hard to explain to our clients that it’s not that banks can’t help; it’s that they won’t help. Since we have been working with our lenders for almost five years now, they know that when they receive a loan application, we understand how to work with clients to make sure the loan makes sense to both the bank and the borrower.
Loan Details
Nationality | Property Value | Loan Amount | LTV | Rate |
U.S. Citizen | $3,750,000 | $2,000,000 | 53% | 2.50% |
Term | State | Property Type | Purpose | Loan Type |
5/1 ARM | San Diego, California | Single-Family Home | Purchase | Residential |
Nationality | U.S. Citizen |
Property Value | $3,750,000 |
Loan Amount | $2,000,000 |
LTV | 53% |
Rate | 2.50% |
Term | 5/1 ARM |
State | San Diego, California |
Property Type | Single Family Home |
Purpose | Purchase |
Loan Type | Residential |
- Don’t Miss out on Investing in Your Children’s Future – Introducing AM Student+ Loan Program
- Top 10 Multi-Million Dollar Home Sales in 2022
- Have you heard of the BRRRR Method?
- Our Parent Company Offers International Property Loans in 15 Countries!
- Property Experts Make the Case for U.S. Real Estate Investing