Argentinean Investor Secures Cash-Out Refinance Weeks After Purchase

Our client, an experienced Argentinean investor with two other properties in the Miami area, came to us after purchasing a single-family home valued at $1,125,000. He had initially bought the property with cash to take advantage of a fantastic deal and close quickly. However, he needed to replenish his cash reserves and sought our expertise in foreign national loans for a solution.

The concept of delayed financing played a crucial role here. Delayed financing allows a buyer who has purchased a property with cash to quickly refinance and take out a mortgage, thereby recovering the cash spent. This is particularly beneficial in hot real estate markets where quick closings can secure the best deals. Despite being a savvy investor, our client faced a unique challenge: he was self-employed and had limited verifiable income, which could complicate traditional financing.

At Milo, we specialize in helping international clients navigate the U.S. mortgage landscape, and this case was no different. We focused on the property's potential rather than the investor's income, leveraging our expertise to secure a 65% Loan-to-Value (LTV) cash-out refinance. This meant the investor could borrow 65% of the original purchase price, giving him significant liquidity to enhance the property's rental value.

One of the key factors in securing this loan was our understanding of the short seasoning period. Typically, lenders require a property to be owned for six months or more before refinancing, but delayed financing allows for a shorter timeframe. By highlighting the investor's previous property experience and the swift increase in property value, we were able to justify the 65% LTV refinance despite the recent purchase.

The investor's goal was to use the cash from the refinance to make strategic improvements to the property, thereby increasing its rental income. With Milo's assistance, he regained liquidity and positioned himself to generate higher monthly revenue from the enhanced property. By focusing on the property's cash flow potential and the investor's strong asset position, we bypassed the limitations posed by traditional income verification.

In the end, our client successfully secured the 65% LTV cash-out refinance loan. This allowed him to continue investing in the property and increasing its value, illustrating how Milo’s expertise in delayed financing and foreign national loans can turn real estate opportunities into profitable ventures.

Conclusion For our Argentinean investor, this wasn't just about securing a loan; it was about unlocking the potential of his investment. Milo's tailored approach and deep understanding of the needs of foreign investors made it possible. Whether you're an international investor or simply looking for flexible financing solutions, Milo is here to help you navigate the complexities of the U.S. real estate market and achieve your financial goals.

For inquiries, reach out to our team at loans@milo.io.

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.