South Florida real estate continues to get enormous interest from foreign nationals. These individuals typically keep a home in the United States on a part-time basis but retain their citizenship in a different country. For a multitude of reasons such as a bank being unsuccessful in income verification or insufficient credit, securing a conventional loan may have several insurmountable hurdles these individuals would need to overcome.
Hard money loans are an option that foreign nationals can investigate and potentially find success in. Hard money provides an enormous amount of versatility and a possibly simpler process, particularly in Florida where transactions among foreign nationals remain abundant. For example, a credit check is not needed and underwriting can be performed easily without the troubles frequently related with banks. There is room for negotiation with terms and LTV is typically high.
Are you a foreign national thinking about buying Florida real estate? Contact Monroe Funding Corporation to explore what hard money lending options are open to you. We’re here to help you find moneymaking prospects and conquer the hurdles.
This update is by hard money loans 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 Florida hard money lending, please call 954-816-0388 or fill out our application.