A married Chinese couple with a five-year goal of having their children study in NYC purchase a luxury condo. They were non-U.S. citizens with no U.S. credit looking for 65% LTV.<\/p>\n\n\n\n
The pair were looking for a safe, investment grade condo near NYU for their twin boys to study at the same university as their family in 5 years. There was a luxury two-bedroom Washington Square condo within walking distance to NYU that they wanted to buy.<\/p>\n\n\n\n
The property was being sold as \u201cfire-sale,\u201d and clients needed to act quickly as there were multiple back-up offers.<\/p>\n\n\n\n
As time was of the essence, the clients did not have time to organize their financials. America Mortgage suggested a quick close with a Bridge and then, within six months, refinance into a long-term, fixed mortgage at a significantly lower rate.<\/p>\n\n\n\n
| Nationality<\/td> | Property Value<\/td> | Loan Amount<\/td> | LTV<\/td> | Rate<\/td><\/tr> | |||||
| China. Citizen<\/td> | $8,600,000<\/td> | $5,600,000<\/td> | 65%<\/td> | 7.99% interest only<\/td><\/tr> | |||||
| Term<\/td> | Address<\/td> | Property Type<\/td> | Purpose<\/td> | Loan Type<\/td><\/tr> |
| 24 months<\/td> | New York City, New York<\/td> | Condo<\/td> | Purchase<\/td> | Bridge Loan<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":" A married Chinese couple with a five-year goal of having their children study in NYC purchase a luxury condo.<\/p>\n","protected":false},"author":8,"featured_media":3254,"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":[27,26,14,23],"tags":[],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-3115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-bridge","category-foreign-nationals","category-purchase"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",480,320,false],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21-300x200.jpg",300,200,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21-768x512.jpg",580,387,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21-1024x683.jpg",580,387,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",480,320,false],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",140,93,false],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/03\/c21.jpg",1080,720,false]},"qubely_author":{"display_name":"Dipti K.","author_link":"https:\/\/www.americamortgages.com\/author\/dipti-k\/"},"qubely_comment":0,"qubely_category":"Case Studies<\/a> Bridge<\/a> Foreign Nationals<\/a> Purchase<\/a>","qubely_excerpt":"A married Chinese couple with a five-year goal of having their children study in NYC purchase a luxury condo.","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/3115","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=3115"}],"version-history":[{"count":10,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/3115\/revisions"}],"predecessor-version":[{"id":16286,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/3115\/revisions\/16286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/3254"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=3115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=3115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=3115"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=3115"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=3115"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=3115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |