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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingAdvice needed for obtaining a loan
Nat C.'s profile image
Nat C.'s profile image
Nat C.
  • Investor
  • from Miami, FL
  • Member since May 11, 2013
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Nat C.'s profile image
Nat C.'s profile image
Nat C.
  • Investor
  • from Miami, FL
  • Member since May 11, 2013
Connect
Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts
Creative Real Estate Financing

Advice needed for obtaining a loan

Nat C.
  • Investor
  • Miami, FL
Posted Aug 15 2015, 11:20
Can anyone help me out with loan advice? I'm looking to borrow 100-200K, on a fixed term interest rate with a maximum of 8% interest. I would like to repay the loan at 50K per annum and no penalty for early repayment. I'm looking to buy 2 more properties with a 20% down payment. I have over a million dollars in real estate in the US and can use any of the properties as collateral. Problems I have include, not having a SSN and no credit history. I have no debts and I've never borrowed money before. My apologies in advance if I seem naive on this subject. Does anyone have any recommendation for lenders?
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