Condo Hotel Loans AND Foreign National Investor Loans are Back!

Posted by Mastura Zaini-Roberts on Friday, September 9th, 2016 at 7:25am.

We finally found a reputable lender with low fees and good rates that can do foreign national investor loans AND/OR loans on condo hotels. This is a "make sense" lender that can do portfolio loans outside the box. They have non warrantable condos and condo hotel financing for US citizens with 20% down payment, minimum $100k loan amount.

Below are some of the foreign national loan program highlights:

  • Minimum loan amount is $100k up to a maximum of $3M, though sometimes the lender can go higher on a case by case basis
  • They can do non warrantable condos or 1+ bedroom condo hotels as long as the condo hotel has a full kitchen
  • Down payment of 40% for vacation homes or 45% for investment properties
  • 90% financing available with their asset pledge program
  • Interest only programs are available and there are no prepayment penalties on any loan programs
  • Refinances of existing properties are also available to foreign investors 
Income and assets are verified, and will need to be translated by the Bank if not in English. Required loan reserves can remain in the country of origin as long as they are on deposit with a reputable institution. Lender must be able to verify previous two years of income as well as year to date income. Asset depletion for high net worth foreign borrowers is also available. 
 

Would you like us to have the lender contact you? Give us a rough idea of the type of property you are looking for and the price range by sending an email to: sold@greatlasvegashomes.com, or call 702-985-7654 for immediate assistance. 

Mastura Roberts
(702) 710-3330
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"

Related Blog Posts

Closings on Short Sales Fall While Traditional Sales Are Rising

Here is the March 2013 real estate update for the Las Vegas market by the corporate broker of Prudential Americana Group Realtors, Forrest Barbee. In this video, Forrest explains why short sales are declining and traditional sales are increasing, and what to expect for the near future for Las Vegas housing. Bank owned...

Resale Report | November 2017

Overall availability in the Southern Nevada resale housing market continued to tighten through November 2017, which contributed to rising prices. The single family market posted 1.8 months of effective inventory, while the condo/townhouse segment reported 1.3 months. Median single family pricing reached $261,500 durin...

Residential Resale Report - October 2017

The Southern Nevada economy continues to expand, and the population base has responded accordingly. An influx of new residents has helped bolster demand in the housing market. With strengthening conditions experienced throughout 2017 expected to continue, similar housing supply-demand dynamics are likely to follow. In...

Number of retirees choosing Nevada increases

Retirees have been a player in the local economy for decades, but the breed of retiree has shifted over the course of the years. Sure, there’s always that snowbird looking to avoid harsh winters, but California has now overtaken the conversation as the largest feeder market for the Silver State. Simple real estat...

Nevada Among Top Five States Americans are Moving To!

Below is a report published in the Daily Real Estate News showing that Nevada is among the top five states Americans are moving to. But statistics in January show that single family home listing inventory, which usually increases about 10% after the December holiday season, has actually DECREASED an additional 10%...

Leave a Comment

Have a Question?

Contact Us

Follow Us