Funding for International Investors

[McKellar Newsom]

I have a friend from out of the country who would like to purchase a property in the U.S. I have been trying to get her some financing. The best I have found is private money with tough terms: 50% down, 5-7 year terms and am schedules, 9-12% interest.

Does anyone have any better sources for international investors looking for funding for U.S rental properties?

[Mike Jakobczak]

McKellar Newsom If the person is Canadian here are some banks:

Harris bank (bank of montreal) will deal with loans 50% of purchase price but they will want to have a relationship with the buyer first

RBC Centura (RBC canada) not as picky to having a pre-existing relationship with clients and will do up to 70% of loan to value

Washington Federal- minimum investment $50,000 to $700,000 up to %65 of Loan to Value

TD Canada trust-not sure the details but I know some investors have used them.