Unlocking eSignature Legitimateness for Home Loan in Canada with airSlate SignNow

How to eSign a document: eSignature legitimateness for Home Loan in Canada

hey guys welcome to my channel recently a lot of you been asking me how you as a canadian real estate investor can get mortgages in the united states so you ask that we listen and we're here to bring you some potential options so recently we have partnered up with a commercial lender in the united states and they can help you finance anything from single family home up to 30 unit apartments in this red hot market such as texas and florida so in today's video i'm going to share with you a few basic facts so you can set up your expectation and know how numbers will look like so first is loan to value so with this particular commercial lender we are looking at around the sixty percent loan to value they can go actually higher than that they can go 70 or 75 however anything above 60 they will only consider that on the case to case basis with good net opportunity income good network from you and also good confidence with the tenants now speaking of net operating income this particular lender will focus mostly on the net operating income of the business that is the rent minus the expenses if you don't know what net operating income i have included link in this video please go and watch it they will also look at your personal network statement here in canada all the assets you own minus all the liabilities you have your income they will also take a look at that however it is of secondary importance now the financing cost with this particular commercial lender they have two products one is a fixed rate the other one is a variable rate with the fixed products you are looking at 4.5 to 5.5 and with the variable rate you are looking at u.s prime rate plus 1.2 now for the term of the loan this lender is actually pretty flexible they can go anywhere from one year up to 10 years and they can amortize the loan into 30 years and they also offer you options that you can do interest only for the first three years now you understand what kind of loan to value you are going to get what kind of pricing what kind of income you get to use now it's important for us to talk about the collateral the properties now this commercial lender is looking for turnkey properties or at least the properties needs to be in average condition so that they can be rented out so they can actually use the net operating income now the last fact that i would like you to be aware is the holding entity so you as a canadian real estate investor you can hold the property the u.s properties under your personal name or you can open up a llc a legal entity to hold these properties with this commercial lenders because you need to position this property as a business so they would prefer you to set up an llc so i hope this video gave you a high level understanding of the capital solutions you can access as a real estate investor particularly canadian real estate investor investing in the united states if you need more information please feel free to reach out to me and i'd be more than happy to help so that being said if you like today's content if you find any value here please support us by like comment and also subscribe to our channel thank you again for watching and see you next time