Canadian investor purchases 1st U.S. property with Milo

Embarking on an international real estate investment can be daunting, especially for a self-employed Canadian investor venturing into the US market for the first time. This investor set his sights on a single-family home in Cape Coral, valued at $630,000, a move that brought him to Milo, known for its expertise in foreign national mortgages.

The investor faced significant challenges: the property's long-term rental projections were underwhelming, and his self-employed status in Canada complicated his mortgage application. Traditional lending paths seemed blocked, but Milo’s innovative approach turned the tide.

Utilizing a tech-forward underwriting process, Milo looked beyond standard metrics, incorporating short-term rental data, notably from Airbnb, which reflected higher income potential than traditional long-term rentals. This strategic move was pivotal, revealing the property's true financial viability.

We crafted a 65% Loan-to-Value (LTV) mortgage for the investor, ingeniously arranged without relying on his Canadian income. This solution addressed the initial challenges and showcased Milo’s commitment to leveraging technology and innovation to serve international investors.

This story illustrates more than a successful transaction; it underscores the importance of a knowledgeable partner in navigating the complexities of international real estate investment. The investor overcame barriers with Milo, turning a challenging venture into a triumphant investment journey.

For those looking to explore US real estate opportunities, Milo stands ready as your bridge to success, offering flexible financial solutions tailored to the unique needs of foreign investors. Reach out to us at loans@milo.io and take your first step toward realizing your investment dreams.

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.