what are the Banks criteria of lending to a no US citizen investing in realestate .

In Buying Property - Asked by Anwar N. - Oct 4, 2010
Report Abuse
Answer this Question

Answer(s)

Brent N.
Broker/Agent
Lansing, MI

Call Kevin for Commercial Property Only:
Kevin Kovachevich
Bernard Financial Group
20700 Civic Center Dr.
Suite 240
Southfield, MI 48076
248-799-9200
kkovach@bernardfinancial.com

Oct 7, 2010
Report Abuse
Anand B.
Broker/Agent
Arlington Heights, IL

I believe it is quite strict. also depends on what country you're in. The best option I think is to approach the owner for financing or a contract sale. I've organized many of these as a broker. Feel free to contact me if you like any of my listings, we can circumvent the strict and corrupt banks most of the time.

Oct 11, 2010
Report Abuse
Robert W.
Owner/Investor
Marietta, GA

I am familiar only with multifamily lending, but most banks will not lend to a foreign borrower. Obviously, you could create a domestic borrowing entity, but the banks will still look for a domestic guarantor. An option would be to co-invest with a domestic owner/operator that would be willing to sign guarantees. But, good luck finding that unless you are willing to just be a silent limited partner.

Nov 3, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question