The property that you mentioned is betwen Downtown Miami and Brickell Avenue. That area was especially hit hard from the recent mortgage meltdown, over-building of Miami and the sub-prime mortgage issues.
There are MANY very good buys on Claughton Island!
We deal with a lot of foreign nationals are are constantly looking for financing options for them.
You should be able to obtain a mortgage but the lending standards for foreign nationals has become pretty tight. You can expect to have to put down at least 35% for a down payment. In some cases I have seen it as high as 40%.
In addition I am currently working with a developer who's providing owner financing and will finance international buyers looking to purchase his project.
For more information or referral to a reputable mortgage broker please give me a call.
Office: 305-931-8920 ext 245
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2822 NE 187 Street
Aventura, FL 33180
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