Our client is a Canadian attorney and real estate investor looking to shift his real estate portfolio for multi-family U.S. property in California for retirement income. The property is a three multi-unit home in Venice Beach (2) and Long Beach (1), California, with net yields of 16%.<\/p>\n\n\n\n
To secure the yield needed, the client required a mortgage below 5%.<\/p>\n\n\n\n
Although the client earned excellent income and was an experienced real estate investor, the lack of U.S. credit created issues each time he approached a California bank or broker for financing.<\/p>\n\n\n\n
As AMFNLite Program allows the borrower to use a \u201clocal\u201d credit report, it solved the issue of not having U.S. credit. The rate required was merely an adjustment in LTV, giving the borrower a fixed rate on each property below 5%. (Also see Can a Canadian Buy a House in the USA?<\/a>)<\/p>\n\n\n\n The Client Our client is a Canadian attorney and real estate investor looking to shift his real estate portfolio for multi-family U.S. property in California for retirement income. The property is a three multi-unit home in Venice Beach (2) and Long Beach (1), California, with net yields of 16%. How We Helped To secure the […]<\/p>\n","protected":false},"author":4,"featured_media":2611,"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":[27,14,23,24],"tags":[37],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-3089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-foreign-nationals","category-purchase","category-residential","tag-canadian"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-scaled.jpg",2560,1707,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-scaled.jpg",1125,750,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-scaled.jpg",480,320,false],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-300x200.jpg",300,200,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-768x512.jpg",580,387,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-1024x683.jpg",580,387,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-2048x1365.jpg",2048,1365,true],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-scaled.jpg",1125,750,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-scaled.jpg",480,320,false],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-scaled.jpg",140,93,false],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-1200x800.jpg",1200,800,true],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c20-1980x1320.jpg",1980,1320,true]},"qubely_author":{"display_name":"Premela R.","author_link":"https:\/\/www.americamortgages.com\/author\/premela-r\/"},"qubely_comment":0,"qubely_category":"Case Studies<\/a> Foreign Nationals<\/a> Purchase<\/a> Residential<\/a>","qubely_excerpt":"The Client Our client is a Canadian attorney and real estate investor looking to shift his real estate portfolio for multi-family U.S. property in California for retirement income. The property is a three multi-unit home in Venice Beach (2) and Long Beach (1), California, with net yields of 16%. How We Helped To secure the…","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/3089","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=3089"}],"version-history":[{"count":8,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/3089\/revisions"}],"predecessor-version":[{"id":9520,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/3089\/revisions\/9520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/2611"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=3089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=3089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=3089"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=3089"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=3089"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=3089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Loan Details<\/h3>\n\n\n\n
Nationality<\/td> Property Value<\/td> Loan Amount<\/td> LTV<\/td> Rate<\/td><\/tr> Canada Citizen<\/td> $4,200,000<\/td> $2,500,000<\/td> 60%<\/td> 4.35%<\/td><\/tr> <\/tr><\/tbody><\/table><\/figure>\n\n\n\n Term<\/td> Address<\/td> Property Type<\/td> Purpose<\/td> Loan Type<\/td><\/tr> 3\/1 ARM<\/td> Venice Beach, California<\/td> Single-Family Home<\/td> Purchase<\/td> Residential<\/td><\/tr> <\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"