that you would be a perfect fit for our Foreign Investor mortgage program.
• No U.S. credit required
• No seasoning of funds required
• No other U.S. investment
experience required
Lately we have been funding a lot of foreign nationals from countries like Canada. We have many great programs. What type of Visa do you have? How many months a year are you in the USA? Do you own a investment property?
Recently funding a Canadian Foreign National buying a Hotel. I can provide proof of recent foreign national closings!
Pls inquire?
New!
Stated Owner Occupied Program for commercial owner occupied
( SBA Alternative)
Owner Occupied transactions where the business owner has difficulty documenting their income for traditional lenders
No Tax Returns!
Credit strong investors or business owners looking for an alternative for restrictive bank financing
Eligible Borrowers: US Citizens, Permanent Resident Aliens, Legal Entities
Property types: Daycare Center, Restaurant, Bar, Multifamily, Mixed use, Office, Retail, Light Industrial, Warehouse, Office, Self Storage, Mobile Home Park.
Loan purpose: Purchase, Cash Out, Refinance
Investor type: Owner Occupied
Loan amounts: $250,000 to $2 Million
Min middle credit score 650
Rates: 6% to 9%
Term 5- 7 year Hybrid
Pre payment penalty: 5% for first 3 years
Amortization 20,25,30
Rate: 6-9%
Max LTV 80% (Up to 80% LTV on all properties and this includes cash out transactions.
Foreign National
- 2/1 5/1 and 7/1 Adjustable Rate Mortgage
- No Us Credit Required
- No Tax Returns Required
- Loan can be in Domestic Corporation owned by Foreign Corporation
- Owner Occupied and Investment Properties
- SBA for Owner Occupied Business
- With Tax Returns and Established Credit Higher Loan to Values
- Non Recourse Available
- Up to 75% LTV Conventional No Tax Returns
- Government Program up to 80% LTV No Tax Returns
Property Types
- 1 to 4 Family
- Mixed USe
- Multi Family
- Cross Collateralize
- Construction/Renovation
- Office
- Condo
- Rooming House
- Retail
- Single Use Owner Occupied Business
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Fixed Rate Commercial Program 25-30 am $7.5 to $25 Million 75 L.T.V Rate 4%’s
C.M.U offers fixed rate loan product provides competitive long-term financing for borrowers seeking to acquire or refinance stabilized assets while eliminating spread risk. allows borrowers to lock in their interest rate spread to a benchmark index following a limited due diligence period at no additional cost.
Asset Types : Stabilized property types including: § Anchored and Unanchored Retail § Office § Industrial and Flex § Multifamily § Self Storage § Manufactured Housing Communities § Mixed-use
Locations : Major and secondary MSAs nationwide § Smaller markets on case-by-case basis
Loan Amounts : $7,500,000 – $25,000,000
Loan Term : 7 years
Amortization : Typically 25 – 30 years § Full term and partial interest only offered on a case-by-case basis
LTV : Up to 75% of FIRREA Appraised Value
Pricing : Competitive pricing based on a spread to UST or swaps
Minimum DSCR : 1.25x on underwritten net cash flow for all assets except 1.20x for Multifamily
RATE TYPE : Fixed Rate
SPREAD LOCK : Spread to index is locked for 45 days following a limited due diligence period at no additional cost
Reserves : Replacement reserves, tax and insurance escrows are required § Reserves for tenant improvements and leasing commissions required on a case-by-case basis
Borrower Entity : Special Purpose Entity
Prepayment : Defeasance through 6.75 years
NON-Recourse : Non-recourse except for customary bad boy carve outs
Servicing : CMU will retain servicing throughout the loan term
Closing : Within 45 days from receipt of a completed application
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