Investors are coming to Florida from all over the world to take advantage of the real estate market in the Sunshine State. Markets such as Tampa, Miami, Orlando, Sarasota, and Ft. Myers have seen a surge in overseas investors as the real estate market continues to rebound. Many of these investors can walk in and pay cash, but some are looking for mortgages or equity loans. That can be impossible for them due to banking restrictions.
Foreigners who now live in the USA and have permanent residency (the so-called “green card”) can over time establish credit, obtain a Social Security number, and show regular income that a traditional bank will use for loan verification purposes. They have the same opportunity for loans as any US citizen. However, many foreign nationals come to the US, purchase a property, then want to expand a second home or use equity from a vacation home without any US income or credit rating. What are they to do?
This is where AHL Hard Money Loans can be a big help. Our investors use the equity in the home as the basis for their investment. For example, if a foreign national has a $500,000 home owned in full, we can connect them to investors who will supply 50 percent of that equity, or $250,000. Our investors secure that loan to the equity in the property and don’t need to see income or credit statements. It takes a lot of stress away from the foreign homeowner because they will get turned down repeatedly by the banks using traditional financing rules.
What are the advantages of dealing with AHL Hard Money Loans? There are several:
Our FL Hard Money Investors typically wish to see some form of income to ensure the means to repay their investment, so it’s useful to have that information available when you speak to us. AHL Hard Money Loans has a wide range of investors with cash ready to help our foreign nationals who want to invest in Florida’s future. Please don’t hesitate to contact us at (813) 368-9919 or email us at firstname.lastname@example.org. We want to help you to get the most value out of your equity.