Rental Property Financing For Foreign Real Estate Investors
Lendai is leveling the playing field for global investors in the US residential real estate market. Thanks to our technological edge, the entire loan process is fully online from the comforts of your home, and the whole process can take as little as 14 days. We are committed to full pricing transparency and will provide you a detailed offer without hidden fees. We offer 3 loan programs for residential rental property investments:
- Rental Property Purchase – up to 70% loan-to-purchase price
- Rental Property Refinance – up to 70% loan-to-value
- Rental Property Equity Cash-out – up to 60% loan-to-value
We can also finance a portfolio of multiple residential properties – single family residence, townhomes, and 2-4 unit properties.
Please Note: We do NOT offer loans for owner-occupied homes, land, commercial real estate, or properties that need renovation.
Common Loan Scenarios
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Lending to Foreign National Investors
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Residential Rental Properties only
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30-Year Rental Loans
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Single Property & Portfolio Loans
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Transparent Pricing
Scenarios Not Considered
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NO Rehab Projects; must be rent-ready
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NO 100% Financing or over 70% LTP
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NO Condominiums
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NO Land Loans
Details and Requirements
Property Geographic Area Details
Lending in 15 States: AL, AZ, FL, GA, IN, MI, MO, NC, OH, OK, PA, SC, TN, TX, WI
Loan Amounts
$55,000 to $1,000,000
Interest Rates
6.75% to 7.75%
Origination Fees
2% to 2%
Loan Terms
60 to 360 months
Credit Check Required
yes
Credit Check Details
Credit scoring systems vary by country.
Prepayment Penalty Details
The prepayment penalty term starts at 5 years and steps down each year. 5% fee (of loan amount) if paid off within 1st year, 4% if paid off within 2nd year, etc. We also offer the option to purchase the removal of the PPP or reduction to 3-2-1.
Typical Closing Time (Days)
30
Fastest Closing Time (Days)
14
Payment Structure Details
Principal & Interest amortization
Personal Guaranty (Recourse) Required
Always
Borrower Entity Types Considered
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Appraisal Required for Residential Property
Always
Broker Price Opinion (BPO) Accepted for Residential Property
Will Consider Collateralizing Multiple Properties in One Loan
no
Will lend to a foreign national
yes
We only lend to foreign nationals, and non US citizens under certain criteria (e.g. have been living abroad for a number of years or recently moved to the US and do not have credit history for local lenders).
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
no
Will Consider Equity Joint Venture
no
Loan Purpose
- Investment Acquisition
- Investment Refinance
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Tenant Occupied Partial
Additional Details
The 2% origination covers all fees related to processing, underwriting, and originating your loan. The 2% fee is deducted from loan amount. The appraisal fee is paid to the appraisal company directly.
We can lend in some instances to US Citizens. For example, for US citizens that moved abroad and do not have sufficient US credit. Or investors that have very recently been neutralized and have not built sufficient credit history.
Legal Disclaimer
Interest rates are subject to change.
Our minimum loan amount is $55,000