I am a Canadian investor that has multiple properties paid for in cash and I am interested in refinancing.

Asked by Sanjay, Outside U.S. Thu Jun 14, 2012

I have properties in the Lehigh Acres and Sarasota area. They are 5 single family homes and I am interested in refinancing all of them. Can someone assist me?

Help the community by answering this question:

+ web reference
Web reference:

Answers

5
Albert Woost…, Agent, Sarasota, FL
Thu Dec 20, 2012
Hi Sanjay,

I would suggest a mortgage broker who deals with 30+ banks.
The big banks like Bank of America and Wells-Fargo are going to have similar rigid policy and not be very creative in helping you.
To that end I would suggest this mortgage broker:
Mark C. Kach
Sentrix Financial Services
941.313.4000 (c) 703.574.3644 (o) 941.893.3274 (f)
M.kach@sentrixmortgage.com

I will give him a heads up that you might be contacting him for quote(s) and ideas.

If you are wanting to pull cash out of your real estate, possibly this is good time to sell one or more of your properties.
Our market is hot, inventory is low and prices are increasing.
Recent published numbers show that sellers are getting 95.6% of asking price.
For deeper stats see this Sarasota Association of Realtors Dec. article: http://www.sarasotarealtors.com/Dec2012Stats.pdf

If you want expert help feel free to contact me I have other valuable resources.

Best regards and Happy Holidays,

Stephen "Albert" Wooster - Realtor, P.A.
Allen Real Estate Services, Inc.
(941) 350-1220
http://www.SarasotaWowHomes.com
0 votes
Teresa M. Fe…, Agent, Sarasota, FL
Thu Jun 14, 2012
Hi Sanjay,

Try Matthew Arcari with SRQ Mortgages 941-780-0429. What you are trying to do may not be easy in today's world but he should be able to help if it can be done.

Best of luck,
Terri

Teresa M. Fellows
Broker/Associate
ERA Waterside Realty
941-350-4297
tmf4257@mac.com
0 votes
Jim Soda, Agent, Lakewood Ranch, FL
Thu Jun 14, 2012
Canadians usually need minimums of %30 to %40 Equity for refinancing. Some Lenders require 6 - 12 months escrow of funds for foreign nationals. Two contacts we use are SRQ Mortgage Matt Arcari 941-780-0429 and Blue Skye Mortgage - Leslie Swart 941-350-7606.
Hope this helps. All the Best.
Jim Soda .. TheSodaGroup.com
Keller Williams Realty
Sarasota-Lakewood Ranch
Web Reference:  http://www.jimsoda.com
0 votes
Brian McGree…, Agent, Sarasota, FL
Thu Jun 14, 2012
Sanjay,

There are many good quality lenders right here in Sarasota which mortgage properties for Canadians. They require more equity than for a US citizen but it is very doable. If you wish to give me a call or send an email I can provide you some direction.

BRIAN A. MCGREEVY
Broker/Owner, REALTOR, MBA, GRI, ABR, SRES, RRS, AHWD
2007, 2008, 2009, 2010 & 2011 Five Star Award Winner- Best in Client Satisfaction
Sarasota Home Realty
2100 Constitution Boulevard
Sarasota, FL 34231

Website: http://www.SarasotaHomeRealty.com
E-mail: SarasotaReal@gmail.com
Phone: (941) 544-6763 FAX: (941) 866-7588
0 votes
Frank Jones, Agent, ft meyers, FL
Thu Jun 14, 2012
The answer is AA South Florida Mortgage. They have been in business here for over 15 years, and have more lenders / programs then others. What ever your need, they will get it done for you.
( 239 ) 936-2139
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more