A "foreign national" loan offers an alternative financing solution for those seeking to acquire or refinance a property, especially when traditional financing options are not available or do not meet the borrower's needs in terms of speed or other requirements. This type of loan, often categorized as a hard money loan, may be particularly suitable for the following scenarios:
1) When you need to close fast (in less than 2 weeks).
2) When the property is not generating any income (not leased).
3) When the property needs renovations.
4) When you don't have great credit (below 620)
5) When you can't provide verifiable income (no tax returns available).
6) Foreign National Borrower
At Loan Funding Solutions, our programs for foreign national loans close in some cases as soon as 5 days and up to 7 days. Our foreign national loans programs no personal income requirements or verification and documentation that your business should have on hand!