I am desperate to finance a property opportunity in Volusia county, FL but do not have the downpayment….i have asked the vendor for vendor financing and a 20% mortgage carry back and he rejected it. Can anyone inform me if i can use No Doc or Lo Doc loans in Australia to finance US property acquisitions? Or do you know of any institutions?
thanks!!creativity is more valuable than your next IP purchase
Hi berry
I assume when you ask Can anyone inform me if i can use No Doc or Lo Doc loans in Australia to finance US property acquisitions? Or do you know of any institutions?
you mean whether an Australian Lender will take a property in FL as security. If this is the case the answer is a big NO.
If you mean can you raise funds against a property in Australia on a Nodoc / lodoc basis and then use the funds raised to offer as a downpayment in the US then certainly the answer is YES.
I have done 90% US funding in Florida for a Foreign National but think you will struggle to get 100%.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
thanks for your help Richard
creativity is more valuable than your next IP purchase
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