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