A 4/2.5 single-family home in SilverLakes, Miramar leased to a long-term corporate tenant.
LOAN AMOUNT
$490,000
Borrower was a Canadian foreign national without US credit or Social Security number.
Closed a $490,000 Foreign National DSCR loan at 70% LTV with passport and international bank reference letters.
The Outcome
Allowed international investor to establish Florida rental holdings with direct US dollar cash flow.
Deal Highlights
LOAN AMOUNT
$490,000
PURCHASE PRICE
$700,000
MONTHLY RENT
$4,400
DSCR RATIO
1.24
LTV
70%
CLOSING TIME
21 Days
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