Real estate in South Florida continues to earn a tremendous amount of attention from foreign nationals. These are people who maintain a part-time residence in the United States but remain citizens of another country. Obtaining a traditional loan may prove difficult for these people for reasons such as a bank not being able to verify income or a lack of credit.
Hard money loans are a venue foreign nationals can pursue. Especially in Florida where many purchases are done by foreign nationals, hard money provides a tremendous amount of flexibility and a potentially easier process. For starters, there is no need to perform a credit check and underwriting can be done quickly without the hassles often associated with banks. Loans also have a high loan to value ratio and the terms are negotiable.
Are you a foreign national thinking about purchasing real estate in Florida? Contact Monroe Funding Corporation to discuss what hard money lending options may be available to you. We’re here to help you overcome the hurdles and find lucrative opportunities.
This update is by hard money lending Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money lenders Miami or hard money loans Miami, please call 954-816-0388 or fill out our application.