What loan-to-value can a foreign national get?

Up to about 60% of value, which is our standard 65% cap less roughly 5%. Cross-collateralizing another U.S. property raises the available loan.

Do I need a U.S. entity?

Usually, yes. Most foreign national loans are made to a U.S. entity, typically an LLC with an EIN. An ITIN in your own name is sometimes workable. In every case, funds to close and payments must come from a U.S. bank account.

Foreign national and ITIN hard money loans

Q: Can a foreign national get a hard money loan on U.S. real estate?

Yes. MyBridge Loans lends to foreign nationals and ITIN borrowers in 26 states. Funds must come from a U.S. bank account, and the borrower is usually a U.S. entity such as an LLC with an EIN. No U.S. credit history or income documentation is required. Leverage is about 5% lower than for a domestic borrower.

MyBridge Loans funds private money loans to foreign nationals and ITIN borrowers on real estate in 26 states. No U.S. credit history, no income documentation, no employment verification. Funds must come from a U.S. bank account, and the borrower is usually a U.S. entity such as an LLC with an EIN. Leverage is about 5% less than for a domestic borrower. Same-day answer on any scenario. Typical funding in two weeks.

What you need

A U.S. entity, typically an LLC with an EIN, as the borrower. An ITIN in your own name is sometimes workable; ask.
A U.S. bank account. Funds to close and the monthly payments must come from it.
A passport or other government ID.
The property: address, value, what is owed, and what the loan is for.

You do not need a Social Security number, a U.S. credit score, U.S. tax returns, or a U.S. employer. The loan is underwritten on the property, the equity, and the exit.

Leverage

Our standard cap is 65% loan-to-value. For foreign national and ITIN borrowers it is about 5% lower, so plan on roughly 60%. On a $1,000,000 purchase that is about $600,000 with $400,000 down. To borrow more, cross-collateralize another U.S. property you own and the combined loan is sized on the combined value. See cross-collateral purchases.

What the loan can be used for

Business purpose: buying a rental or investment property, cash out on a U.S. property you already own, a commercial building, or capital for a U.S. business. Consumer-purpose loans on a home you will live in are a separate program, brokered in California only.

Terms

1st trust deeds 9.5% to 10.99% and up; 2nd trust deeds 11.99% to 12.99% and up. Interest-only payments. Usually 1.5 to 2 lender points plus broker, 3-year note, 3 to 6 month prepayment penalty. Loans from $100,000 to $4,000,000 and up. Underwriting $1,995, no processing fee, third-party appraisal, title, escrow and credit at cost. Doc prep $495 outside California. Exceptions available.

Closing from abroad

Documents can be signed at a U.S. consulate or with a notary that the title company accepts in your country. Funds to close come by wire from your U.S. account. Tell us where you will be when the documents are ready and we will plan the signing around it.

How to get a quote

Send the address, value, amount owed, loan amount, whether you hold an ITIN or an entity EIN, occupancy, use of funds, and exit to the scenario form, or call 949-463-9898. You get a yes, no, or what's missing the same day.