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
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Brent N.
Lansing, MI

Call Kevin for Commercial Property Only:
Kevin Kovachevich
Bernard Financial Group
20700 Civic Center Dr.
Suite 240
Southfield, MI 48076

Oct 7, 2010
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Anand B.
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
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Robert W.
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
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