I know of 2 private lenders here in Phoenix that loan to Canadian buyers looking to purchase investment properties. They will only loan on investment properties and not owner occupied residences. I am Canadian myself and I have used them personally for investment properties and their lending decision was based solely on the property, my Canadian sourced income, and Canadian tax returns. If you would like more information, please email me at: firstname.lastname@example.org.
If you or someone you know is considering purchasing a vacation home (not investment) there are several large banks (both in Canada and in the US) that also have Canadian specific loan programs. The interest rates for these loans are much lower than the private money investment funds available to Canadians. Please don't hesitate to email me with any specific questions.
Talka International Realty
I know everyone wants to offer help but its just adding to the difficultly of assisting buyers today when they get so many wrong answers, so if youre not 110% sure, its best to not answer.
There are NO banks lending to Canadians for investments
There are NO hard money lenders lending to them either.
There are NO Canadian banks lending to them on investments either.
I know this from hours of research over the last 5 years, if you hear any different they are either out of date with their info or just wrong.
I just put a message into one of my lenders and will let you know what he says. If you don't have a Realtor in the area give us a call!
West USA Realty
I suppose that seller financing is an option, however I can't imagine there are too many in the current market. Hard money is not an option.
Ok, for a little different twist on this question... If I owned a property there with full equity, would a US bank provide me a HELOC on that property?
We know some private money lenders that I could check with for you and see if they would be interested. Just let me know.
You shoud contact Bank of America. For more informatin on Canadian buyers buying US homes: http://www.arizonahomesland.com/canadianbuyersarizona.html
Jeff Masich, Realtor
Arizona Homes and Land
Best of Luck To You!