Success Stories

Success Story: Canadian Investor Finds U.S. Mortgage Solution with Milo

By Colin McMahon

May 31, 2024 6 min read

Success Story: Canadian Investor Finds U.S. Mortgage Solution with Milo

As a senior loan consultant at Milo, I often encounter international investors facing hurdles that seem insurmountable within traditional lending frameworks. One standout experience involved helping a Canadian investor leverage her U.S. property to expand her real estate portfolio, showcasing the potential when the right financial strategies are applied.

This investor approached us with a clear goal: to use her equity in a $530,000 duplex in Bradenton, Florida, to fund additional property acquisitions in the U.S. Despite the success of her initial investment, which provided a steady stream of rental income, she found the conventional lending routes blocked, primarily due to her status as a foreign national and self-employed investor.

At Milo, we recognized that a standard loan wouldn't fit her needs. We proposed a 65% loan-to-value (LTV) debt service coverage ratio (DSCR) loan—a solution that evaluates the property's income potential rather than the investor's personal income. This approach was ideal for her situation, focusing on the income generated by her property, which was substantial and consistent.

Through a cash-out refinance, we unlocked over $300,000 from her property's equity. This significant capital allowed her to not only pursue her next U.S. property investment but also to maintain a positive cash flow of $2,000 per month after mortgage payments from her existing duplex. The transaction was a strategic win, enabling her to scale her portfolio without depleting her resources.

This success story is more than just a financial transaction; it's about making informed, strategic decisions that align with specific investment goals. It demonstrates how Milo tailors solutions to fit the unique circumstances of international clients, ensuring they can navigate the U.S. real estate market effectively.

For any investor encountering similar challenges, remember that innovative solutions exist that can transform your investment strategy. At Milo, we specialize in turning potential barriers into new opportunities for growth. Reach out to explore how we can support your real estate ambitions.

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.


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