Foreign National Mortgages For Commercial Properties
In this guide, we will cover foreign national mortgages. Foreign nationals, often referred to as expatriates, are foreigners who do not have permanent residency in the United States. Many ex-pats dream of purchasing homes or investment properties in the United States. Many ex-pats have work visas and businesses in the United States and intend to make America their home. Ravinder Sharma, the National Digital Media and Technical Director at Lending Network, said the following:
Lending Network has conforming and non-prime residential and commercial foreign national mortgages for first time homebuyers, second home buyers, and real estate investors. We also have equipment financing loan programs for business entrepremuers and business owners who need equipment financing for their businesses.
All countries like investment from friendly foreign countries. After all, someone should spend their money at our Walmart than their Walmart. Then it matters a little less than their country makes the items we buy at our Walmart. At least it is our Walmart in Bolingbrook, Il, or Cucamonga, California. Of course, American Made is Better and more expensive, but it is better because it is made here.
Difference Between Residential Versus Commercial Loans
The main difference between residential versus commercial loans is the DODD-FRANK SAFE ACT does not regulate commercial loans. Commercial property investors are considered sophisticated investors by the courts and lending institutions that the strict mortgage rules and regulations do not apply. This holds true whether you are a United States citizen or a foreign national investor. John Strange, a senior vice president at Lending Network, LLC shares his view working as one of the top commercial loan originators at Lending Network, LLC:
You have come to the right place for ex-pats who are investing in commercial properties in the United States. Lending Network, LLC are experts in helping foreign nationals with financing commercial properties. There are hundreds of commercial loan programs Lending Network, LLC has available for foreign nationals.
The team at Lending Network, LLC are experts in all types of commercial financing. Most commercial loans are non-recourse and does not require income tax returns, or extensive documents to get finance. Most of our foreign national mortgages are asset-based lending and close in a matter of days.
Requirements Of Foreign National Mortgage Loans
What is happening is that people who live in China are vacationing in Las Vegas, NV. They are spending money in Las Vegas, NV. They are losing money in Las Vegas, NV. Why not buy a house in Las Vegas, NV? These gamblers need to stop throwing their money away and start paying Real Estate Taxes to support education.
The reality is most foreign nationals that are purchasing homes in the USA have substantial down payments. Foreign National Lenders have very little risk. Often the down payment requirement starts at 35% and, depending on credit and immigration status, can be bigger. Foreign National lenders are getting double-digit rates. The risk they have is minimal.
Who walks away from a mortgage payment after putting 35% down on the purchase? How can the lender lose money? They make the foreign national buyer pay for insurance. They have so much equity in the foreign national’s purchase that, in almost any case, the foreign national lender would have a very secure investment.
Investing In The United States Through Foreign National Mortgages
It’s also a great way for foreign nationals to establish their intent to reside and do business in the United States. You will see more Foreign National Lenders and Foreign Nationals looking for foreign national mortgages for equipment financing, machinery, commercial real estate, warehouses, office buildings, or apartment complexes.
With all that said, what better investment a Foreign National can make than buying real estate in the good old USA? Of course, Toyota could open another plant in Lexington, Kentucky, employ thousands of people, and support “kick back” to University of Kentucky basketball players. That might be better unless you, the minority, still believe college is for education.
Lending Network, LLC has a national reputation for being a one-stop lending shop for residential and commercial loans. We have everything from equipment financing, hard money loans, private money loans, bridge fiancing, apartment complex financing, warehouse loans, office complex financing, and SBA Loans. If you are an expatriate interested in qualifying for foreign national mortgages, please get in touch with us at Lending Network, LLC at 844-428- LOAN or text us for a faster response. Or email us at gcho@lendingnetwork.org. The Lending Network, LLC team is available seven days a week, evenings, weekends, and holidays.
