A “foreign national” loan is a loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:
At Loan Workout Group, our Foreign National loans close very quickly… even in as little as 5 days! Our hard money loans require no personal income verification and very little documentation!
| Loan Amount: | $75,000 – $10 Million |
| Term Length: | 6 – 36 months |
| Max LTV: | Up to 70% |
| Amortization: | Interest only |
| Interest Rate: | Starting at 7.99% |
| Closing Time: | 5- 7 Days |
| Loan Use: | Purchase, refinance, cash-out, construction, renovation |
Speak to Financial Advisor +1 – 786-863-8686
Simple… Equity in the property!
Origination Fee: 1.25% – 2.95% of the loan amount
Prepayment Penalties: None!(3+ months of minimum interest earned)
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Loan Workout Group, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.
Retail is any property used for commercial retail space such as a storefront for selling goods or services. Loan Workout Group will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Loan Workout Group, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Office is a property classification which generates income from tenants comprised of businesses and professionals. Loan Workout Group will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Loan Workout Group , we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Loan Workout Group will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.
Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive
Common uses include: Acquisition, refinance, cash-out, renovation / construction
Benefits of our Foreign National Loans:
Speak to Financial Advisor +1 – 786-863-8686
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