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Condo Hotel Loans AND Foreign National Investor Loans are Back!

Posted by Julie Wright 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) 919-5400
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!"



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