Foreign National Fix and Flip Loans

[David N.]

Foreign National Fix and Flip Loans

• Property Types: Residential 1-30 Units

• Term: 9 month (extensions available)

• Rates: as low as 7.25%

• Max as-is purchase price (LTC): 85%   

• Rehab costs: 100%

• Max after repair value (ARV): 65%

• Foreign nationals must bank with a U.S. banking institution

• Foreign nationals must have a valid U.S. Visa (if not subject to Visa waiver program)

• Foreign nationals must have a valid passport from country of origin

• Foreign nationals must have 12 months PITI(A) in reserve for outstanding mortgage debt

• Appraisal required: Yes

• Max loan amount: $10M

• Min loan amount: $50K

• Min credit score: 620

David Nunez

Constructive Loans, LLC

Investor Lending Consultant

1801 S. Meyers Road Suite 210 | Oakbrook, IL 60181

(312) 628-1162 Direct

[email protected]

www.constructiveloans.com