Navigating Cash-Out Refinancing in the U.S. as a Canadian

In the nuanced world of U.S. real estate investment, navigating the financing landscape as an international investor involves unique challenges and opportunities. This was the case for a seasoned Canadian investor who, after purchasing a single-family home in Arizona with cash, wanted to unlock some of that equity to fund further investments in Canada.

The investor found Milo during his search for lenders experienced with international clients. He was drawn to our reputation for providing customized financial solutions. His primary objective was to obtain a cash-out refinance, a method allowing property owners to access the equity built up in their property, converting it into cash. This process is particularly valuable for investors looking to reinvest in new opportunities.

Milo's approach utilizes an advanced online application system equipped with sophisticated logic to swiftly analyze a client's financial information. This system automatically identifies the most suitable financing options aligned with the client’s financial goals. For our Canadian investor, this process pinpointed a DSCR (Debt Service Coverage Ratio) foreign national mortgage as the optimal solution. This loan type, focusing on property-generated income rather than personal income, offers flexibility ideal for international investors. Given his specific liquidity needs and investment objectives, a 50% LTV (Loan-to-Value) was identified as the best fit, allowing him to access substantial cash while preserving a significant portion of his equity.

The transaction concluded efficiently, providing our Canadian investor with the liquidity needed to pursue his investment endeavors in Canada. This engagement not only met his immediate financial needs but also supported his long-term investment strategy.

This story underscores our commitment to empowering international investors to navigate the U.S. real estate market with confidence. We pride ourselves on transforming complex financing into accessible and strategic opportunities for our clients, regardless of their geographic origins.

Choose Milo—your partner in unlocking global real estate opportunities. For mortgage solutions tailored to your investment needs, 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.