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Updated almost 11 years ago on . Most recent reply

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807
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Nat C.
  • Investor
  • Miami, FL
474
Votes |
807
Posts

Gimme some money!

Nat C.
  • Investor
  • Miami, FL
Posted

I'm having a really hard time finding a lender.

I'm a non-resident alien.....no green card and no social security number.

I can prove an income of well over 6 digits through bank statements for the past 2 years.

I own 8 properties with a value of over $500,000.

I'm looking for either a renovation loan or a new purchase financing. For the later, I can make a $150,000 down-payment.

No one will give me a loan, except for hard money lenders. I refuse to go the hard money route and pay over 10% interest.

I've spoken to a dozen banks and mortgage brokers and keep getting a big fat NO.

Does anyone have any secret loan or financing scheme out there that they want to share with me?

MODERATOR:  ADVICE ONLY.  NO POINTERS TO SPECIFIC BANKS OR ANY SORT OF OFFERS TO "HELP".

Most Popular Reply

Account Closed
  • Investor
  • San Jose, CA
3,331
Votes |
2,097
Posts
Account Closed
  • Investor
  • San Jose, CA
Replied

Nat,

Try Chinese banks . They are catered to foreigners. No credit score and no docs are required. You can borrow money between 4%-5%. I have borrowed almost $1M from East West Bank at 4.25%. If you were in my area, I could hook you up. The loan process is quite painless. Keep looking. They are out there.  Money does grow on tree in CA. :-)

Good luck. 

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