Back to blogs
Success Stories
Retired Italian investor secures Miami investment property with DSCR loan
By Colin McMahon
September 21, 2023 • 2 min read
The U.S. real estate market stands as a beacon for global investors. But, venturing into its complexities as a foreign national demands both precision and expertise. Picture this: an astute Italian investor, captivated by a $1,340,000 Miami condo. Though she could acquire the property in cash, she hesitated to disturb her well-curated investment portfolio.
Enter Milo.
Our reputation in facilitating foreign national mortgage loans and non-traditional buyers such as retirees made us the ideal partner for her property journey. A seasoned financial advisor, aware of Milo's capability in crafting customized mortgages for foreign nationals, led her to us.
Our solution? A DSCR loan in Florida. For those unfamiliar, the Debt Service Coverage Ratio loan evaluates the property's cash flow. This kind of loan shines especially for investors, emphasizing the property's revenue potential over traditional income metrics. This makes it a strategic tool for those seeking a foreign national mortgage without upending their existing investments.
With a strategy grounded on a 50% Loan-to-Value (LTV) ratio, we crafted a plan balancing her equity with the loan amount.
By harnessing the power of the right foreign national mortgage, our investor seamlessly realized her Miami ambition, all while her investments remained unscathed and thriving. It underscores the adaptability of the modern financial arena, particularly for foreign nationals eyeing the U.S. real estate sector.
If you're a foreign national exploring the vast potential of the U.S. real estate market, remember: it's entirely feasible to secure a mortgage tailored to your specific requirements. At Milo, we pride ourselves on making this journey not just achievable but also strategically beneficial.
Ready to dive into U.S. real estate with a tailored foreign national mortgage? Milo is here to guide your investment journey.
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.
Author
Colin McMahon
Loan Consultant Sales Team Lead
Stay up to date on mortgage trends
Sign up to our newsletter for the latest insights on the housing market in the U.S.
Related articles
Success Stories
Canadian Investor Gets U.S. Mortgage with Ease Using DSCR Loan
By Colin McMahon
October 11, 2024 • 4 min read
Company
Choosing the Right U.S. Mortgage as a Foreign National
By Milo
December 4, 2023 • 5 min read
Investment Mortgage
What You Need to Know Before Offering our Mortgage Options
By Milo
September 15, 2021 • 3 min read