How Milo Helped a Canadian Investor Secure a Cross-Border Cash-Out Refinance

Securing a mortgage as an international investor can be a complex and often frustrating process, especially when traditional lenders fail to recognize the unique circumstances surrounding foreign income. This was the situation faced by a Canadian investor, who, after attending college in Atlanta, returned to Canada but kept his single-family home in Georgia as a rental property. Years later, with the property valued at $680,000, he sought to unlock some of its equity for future investments. That’s where Milo came in.

Our client, an established actor, found us while searching for lenders who specialize in complex cross-border mortgages. With a career in film and television, his income was substantial but irregular—contract-based, as is typical in his profession. Traditional lenders, bound by rigid income verification standards, found it challenging to evaluate his earnings, ultimately denying his loan application due to his self-employed status.

Recognizing the challenges he faced, we suggested a solution that focused less on his income and more on the strength of his investment. At Milo, we specialize in cash-flow-based mortgages because they rely on the property’s rental income rather than the investor’s financial profile. This approach is ideal for international investors like him, whose income may not fit traditional lending criteria. By leveraging the steady cash flow from his Atlanta property, we secured the loan he needed, bypassing the hurdles of income verification.

The property in Atlanta had a strong rental history, which allowed us to utilize the rental income to qualify him for a cash-out refinance. This DSCR loan offered a 37% Loan-to-Value (LTV) ratio, providing him with the funds he needed while maintaining a conservative leverage on his property.

From the start, we worked closely with the client, explaining each step of the loan process. We considered his unique circumstances and ensured he was comfortable with the terms. Understanding the importance of timely communication, we provided clear, consistent updates throughout the process, making sure he felt supported at every turn.

In the end, we secured the cash-out refinance he needed. This wasn’t just about unlocking equity—it was about empowering our client to continue investing in opportunities across borders, knowing that Milo was there to support him, no matter how complex the financial landscape.

Choose Milo. Because when it comes to cross-border financing, we understand your world. Reach out to our team at loans@milo.io for inquiries.

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.