FORT LAUDERDALE, FLA. (STL.News) – Monroe Funding Corporation recently highlighted the options available to foreign nationals seeking to purchase real estate or investment property. South Florida remains a hotbed for buying and investing activity among foreigners.
These are individuals who live in the United States on a part-time basis but still retain their foreign citizenship. Securing a traditional loan may have its hurdles for these foreign nationals due to reasons such as income that cannot be verified or not having a sufficient credit history.
Due to the aforementioned reasons and more, foreign nationals may wish to consider hard money loans. Especially in a state like Florida where real estate activity among foreign nationals is strong, hard money loans offer flexibility and a potentially simpler process versus a conventional loan. Credit does not play a major role and underwriting is quick, avoiding most if not all of the major hassles when dealing with a bank. Hard money loans have strong LTV ratios and terms provide great flexibility.
Foreign nationals should contact Monroe Funding Corporation to discuss what hard money lending options may be available to them.
To learn more about Monroe Funding Corporation, please visit https://monroefundingcorp.com.
About Monroe Funding Corporation
Monroe Funding Corporation is a direct equity lender serving clients throughout Central and South Florida, specializing in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get clients to the closing table quickly and professionally. For more information on hard money loans Miami, please call 954-816-0388 or fill out the application.