Horten, Norway · Member since 2016 · 14 posts · 3 votes
Hey there,
I'm an investor from Norway who's been investing in Indianapolis for almost 2 years. It took some time but i've finally received my ITIN and should now be eligible to acquire a mortgage. The tricky part is finding banks or other lenders who are interested in dealing with foreign investors.
My Indiana LLC currently owns one SFH outright and shares in 4 other properties. I'm looking for a lender who will either let me refinance the SFH or let me get a mortgage in order to buy another investment property. One that does both would obviously be the best.
Real Estate Broker · Portland, OR · Member since 2019 · 4k+ posts · 2k+ votes
6y
Go to a mortgage broker and explain your situation. They're going to look for recourse (if you can get non-recourse loans, great) in case things go sideways and they can't go after you personally while you live in Norway.
Lender · San Antonio · Member since 2020 · 15 posts · 5 votes
5y
Hi, there are some Hard Money Lenders that can work with foreign nationals. The LTV's are lower than usual but can be done, you only will need a US Bank Account and an Entity.
My partner has worked with a private money lender that focuses on lending to foreign investors but I believe the LTV is around 65%-70% and the rate is a couple points higher than traditional residential financing. DM me and we can talk further.