Big Variety of Loan Programs to fund Foreign Nationals in the USA
       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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