{"id":15981,"date":"2024-06-21T01:33:41","date_gmt":"2024-06-21T01:33:41","guid":{"rendered":"https:\/\/www.americamortgages.com\/?p=15981"},"modified":"2024-07-16T11:56:45","modified_gmt":"2024-07-16T11:56:45","slug":"canadian-building-contractor-secures-u-s-financing-for-fix-and-flip-expansion","status":"publish","type":"post","link":"https:\/\/www.americamortgages.com\/canadian-building-contractor-secures-u-s-financing-for-fix-and-flip-expansion\/","title":{"rendered":"Canadian Building Contractor Secures U.S. Financing for Fix-and-Flip Expansion"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">The Client<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our client was a Canadian self-employed building contractor living in Vancouver, BC. He was a very experienced home flipper in Canada and the U.S. In the U.S., he was forced to pay cash due to the inaccessibility of \u201cFix and Flip\u201d loans for non-U.S. citizens. He wanted to expand his U.S. presence but needed proper financing to do this.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How We Helped<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our America Mortgages loan officer based in Canada structured our AM Fix-and-Flip loan, which allowed the client to qualify to expand his business in the U.S. He had more than 10 Fix-and-Flip completed in the U.S., all with cash. With his ability to get financing for the Fix-and-Flip purchase, he switched to a long-term hold focus of fix n hold.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our America Mortgages loan officer worked with the client from acquisition and renovation financing to refinancing to a long-term mortgage based only on the income of the rental property to qualify.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Details<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Nationality<\/td><td>Property Value<\/td><td>Loan Amount<\/td><td>ARV<\/td><td>Rate<\/td><\/tr><tr><td>Canadian Citizen<\/td><td>$312,000<\/td><td>$294,000<\/td><td>80%<\/td><td>10.50%\/8.00%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Term<\/td><td>Address<\/td><td>Property Type<\/td><td>Purpose<\/td><td>Loan Type<\/td><\/tr><tr><td>Fix-and-Flip\/30-Year Fixed<\/td><td>Seattle, WA<\/td><td>Apartment\/Condo<\/td><td>Purchase<\/td><td>Residential<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Client Our client was a Canadian self-employed building contractor living in Vancouver, BC. He was a very experienced home flipper in Canada and the U.S. In the U.S., he was forced to pay cash due to the inaccessibility of \u201cFix and Flip\u201d loans for non-U.S. citizens. He wanted to expand his U.S. presence but [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":16061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/template-single-post.php","format":"standard","meta":{"_acf_changed":false,"qubely_global_settings":"","qubely_interactions":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[27,14,23],"tags":[687,685,686],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-15981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-foreign-nationals","category-purchase","tag-case-studies","tag-foreign-nationals","tag-purchase"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-scaled.jpg",2560,1340,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-1200x750.jpg",1200,750,true],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-540x320.jpg",540,320,true],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-300x157.jpg",300,157,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-768x402.jpg",580,304,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-1024x536.jpg",580,304,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-1536x804.jpg",1536,804,true],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-2048x1072.jpg",2048,1072,true],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-1200x750.jpg",1200,750,true],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-540x320.jpg",540,320,true],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-140x100.jpg",140,100,true],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-1200x628.jpg",1200,628,true],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Case-study-1-01-1980x1037.jpg",1980,1037,true]},"qubely_author":{"display_name":"America Mortgages","author_link":"https:\/\/www.americamortgages.com\/author\/america-mortgages\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.americamortgages.com\/case-studies\/\" rel=\"category tag\">Case Studies<\/a> <a href=\"https:\/\/www.americamortgages.com\/foreign-nationals\/\" rel=\"category tag\">Foreign Nationals<\/a> <a href=\"https:\/\/www.americamortgages.com\/purchase\/\" rel=\"category tag\">Purchase<\/a>","qubely_excerpt":"The Client Our client was a Canadian self-employed building contractor living in Vancouver, BC. He was a very experienced home flipper in Canada and the U.S. In the U.S., he was forced to pay cash due to the inaccessibility of \u201cFix and Flip\u201d loans for non-U.S. citizens. He wanted to expand his U.S. presence but&hellip;","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/15981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=15981"}],"version-history":[{"count":8,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/15981\/revisions"}],"predecessor-version":[{"id":16404,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/15981\/revisions\/16404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/16061"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=15981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=15981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=15981"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=15981"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=15981"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=15981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}