The Client
Our client purchased a 4-bedroom single-family home in Florida, intending to fix and flip it. Being a Foreign National made it difficult for him to find a lender who would finance a fix-and-flip property.
How We Helped
His lack of U.S. credit made it hard for him to find a bank to lend to him. Using AM Fix-’N’-Flip program for Foreign Nationals, we were able to use his local credit, and the client was able to get a loan amount based on the ARV. Within a month, the deal was closed. (Also see Can a Canadian Buy a House in the USA?)
Loan Details
| Nationality | Property Value | Loan Amount | ARV | Rate |
| Canadian Citizen | $750,000 | $487,500 | 65% | 7.25% |
| Term | Address | Property Type | Purpose | Loan Type |
| 18 Months | Orlando, Florida | Single-Family Home | Fix-and-Flip | Residential |
| Nationality | Canadian Citizen |
| Property Value | $750,000 |
| Loan Amount | $487,500 |
| ARV | 65% |
| Rate | 7.25% |
| Term | 18 Months |
| State | Orlando, Florida |
| Property Type | Single-Family Home |
| Purpose | Fix-and-Flip |
| Loan Type | Residential |
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Cameron Alexander
Foreign National (Australia)
