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 Search for: foreign buyer US property 50% LTV.
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dinkeridoo

299 Posts

Posted - 05/14/2008 :  2:20:32 PM
Not sure about this but I have a deal where th buyer wants to purchase a condo in LA and they are residents of Iran and England. They will put down whatever they need to the close but would prefer a loan. 50% LTV is ideal for them Would anyone lender in a scenario like this?
thanks
thumpertherott

54 Posts

Posted - 05/14/2008 :  2:26:42 PM
TRY MICKEY MOUSE LENDING OR DONALD DUCK FUNDINGS
d and d

95 Posts

Posted - 05/15/2008 :  07:48:09 AM
I can do this up to 70%.

SouthTrust Funding
Al Vargas
800-304-6188 X190
avargas@southtrustfunding.com
ahoshmand

44 Posts

Posted - 05/15/2008 :  08:24:17 AM
You may want to try Wachovia or Flagstar first, and if it doesn't fit in a bank box, you always have private money as an option.

Stonecrest is a CA private portfolio. We do foreign nat purchases with an ITIN to 65% ltv. My pricing is 11-11.5% 3-4pts dependent on loan amount, 3yr fixed/1yr ppp.
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