My client(foreigner) is using a foreign company to 100% own an US property. Can he get a loan using this property as collateral in US?

Asked by Peter, Tue Sep 4, 2012

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5
unkhkhih, , New York, NY
Thu Nov 7, 2013
I’m an agent working for ReMax NYC Midtown and I’m always doing my research on property and stay in touch with the best professionals. If you simply need advice please email me at KDrake@remaxnyc.com. I'm experienced with closing deals with rentals in the 11201 zip code. I’ve provided links below regarding any concern you may have.

Finance Advice:
http://www.fpanet.org/LifeGoals/BuyingaHome/

Bank Expertise:
David.Axelrod@bankofAmerica.com

Legal Advice:
http://www.lawhelpmn.org/issues/housing/buying-and-owning-a-…

Advice for Buyers:
http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home

Advice for Sellers:
http://www.realestateabc.com/homeselling/

Tax Concerns:
http://www.tax.ny.gov/pit/property/
Stats:
http://www.citi-habitats.com/‎
0 votes
Jack Menashe, Agent, Brooklyn, NY
Wed Sep 5, 2012
try a mortgage pro like;
Alex - anarod@crossriverbank.com
Chezky - cfuchs@fmm.com
Larry - http://www.mortgagebylarry.com or laboudi@myinvestors.com

good luck!
0 votes
Gail Gladsto…, Agent, 11743, NY
Tue Sep 4, 2012
Call Dominick Sutera at 516-249-4800 or dsutera@BankAMC.com. If anyone knows if this can be done, Dominick will.
0 votes
R Wright, Other Pro, NY,
Tue Sep 4, 2012
Yes he can but like Mitchell says more info is needed. if he owns the property with no mortgage I can get him 50% LTV with no problem.
0 votes
Mitchell Fel…, Agent, Brooklyn, NY
Tue Sep 4, 2012
Dear Peter:

This question is too vague to get a good answer and it also depends how much he is looking to borrow. Speak to some mortgage bankers.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes
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