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Posted by Jeff Strickland on January 8, 2007, 6:14 pm
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My GUESS is that you will hve to find a local lender that will do this loan.
When I was lending money, I do not recall any of my banks offering programs
for outside of the USA. Most of my banks would not even go outside of
California -- some would, but most would not. I also had licensing problems
when I loande money on properties outside of Calif.
Most jurisdictions want the lenders and lender's agents to be locally
licensed. Given the relative high expense of getting a lisence, and the
relative low volume of international investors, I have to think that you
need specialized attention from a USA loan officer/lender's agent, OR you
need a local agent that speaks (I assume) english.
> Hi,
>
> We are planning to invest on a property outside US. Are there
> banks/financial institutions which will provide mortgage to invest
> outside US?
>
> Thanks
>
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