DSCR Loans or alternatives cross boarder loans for Canadians

[Joseph Kehoe]

Hi All,

First post on BP! I work as a real estate agent in Canada and have investment property in Canada and the US. I do not have two years of employment history so going with a cross boarder bank is out of the question.

Does anyone have experience with lenders that will loan to Canadians? I got an approval with Milo but the min purchase price is 215k which is not ideal for some markets that I want a lower purchase price and long term rental strategy.

Any advice would be awesome. Don't mind putting 20-35 percent down if thats what is needed.

Thanks in advance.

[Paul Britton]

Hello Joseph 

If you look up Lendai they fund deals in the US for Canadian in the US. @Michal Liviatan Carpenter is active on BP and works for Lendai. 

Paul