Do 80%LTV cash out refis exist for Foreign Nationals in the USA

[Tyler Livingstone]

My wife and I are Canadian. We own a USA based LLC for real estate investing. I have been speaking with lenders regarding cash out refis. Most are coming in at 60 to 65LTV for Foreign Nationals. With the high DSCR loan interest rates we're finding it hard to get decent returns when your leaving that much money in a deal.

[Brandon Beardt]

Quote from @Tyler Livingstone:

My wife and I are Canadian. We own a USA based LLC for real estate investing. I have been speaking with lenders regarding cash out refis. Most are coming in at 60 to 65LTV for Foreign Nationals. With the high DSCR loan interest rates we're finding it hard to get decent returns when your leaving that much money in a deal.

 Hi Tyler,

I personally have never seen 80% LTV cash out refi's available for foreign nationals. In fact, I think 80% LTV for a cash-out DSCR transaction in general is rare to find now a days. Even with having a US based LLC, most of these programs (I'm assuming DSCR since you mentioned it) will require a personal guarantee and the lender will see that you and your wife are in fact foreign nationals, and decrease the LTV accordingly. One sort of solution I see for you wanting a higher LTV threshold is to potentially add a US citizen to the LLC (friend, family member, or business partner perhaps if they have US Citizenship) and have them as the personal guarantor on the loan. Not sure if that option fits your game plan but just something that came to my mind when reading your post. Best of luck!