Canadian Buys Florida Vacation Property with Foreign National Loan
- By Jim Blackburn
- on
Client Profile
- Name: Antoine R.
- Age: 51
- Nationality: Canadian (Toronto-based business owner)
- Location of Property: Sarasota, FL
- Home Type: 4-bed vacation rental near the beach
- Purchase Price: $728,000
- Loan Type: Foreign National Loan
- Down Payment: 30%
- U.S. Credit History: None
The Challenge
Antoine was looking to diversify his portfolio with a vacation rental in Florida but, as a non-U.S. citizen with no social security number or U.S. credit score, he was denied by conventional lenders.
He needed a solution tailored for foreign investors, one that didn’t require U.S. residency, income verification from U.S. sources, or tax returns.
The Strategy
We structured a Foreign National Loan, designed specifically for international buyers investing in U.S. real estate.
Key features included:
- Passport and proof of income from Canadian banks
- 30% down payment required
- No U.S. credit score needed
- Short-term rental income factored into DSCR for approval
- Closed remotely with a Florida-based closing attorney
The Outcome
- Antoine closed in under 30 days, fully remote
- His vacation rental was leased for 18 weeks within the first 90 days
- He now owns U.S. property with an appreciating asset and rental income
- Already planning a second purchase with the same lending structure
Quote from Antoine:
“This loan made it possible to invest in the U.S. without a green card or U.S. tax ID. It was fast, professional, and tailored for foreign investors like me.”
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