Foreign National Loans

Foreign National Loan Program

When the bank lets you down We save the day!
APPLY NOW

Foreign National Loan

A "foreign national" loan is a loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:

When you need to close fast (in less than 2 weeks).
When the property is not generating any income (not leased).
When the property needs renovations.
When you don't have great credit (below 620)
When you can't provide verifiable income (no tax returns available).
Foreign National Borrower
At World's Fair Capital, our Foreign National loans close very quickly... even in as little as 5 days! Our hard money loans require no personal income verification and very little documentation!

 

Program Overview

Loan Amount:            $75,000 - $10 Million


Term Length:             6 - 36 months


Max LTV:                    Up to 70%


Amortization:            Interest only


Interest Rate:            Starting at 7.99%


Closing Time:            5 - 7 Days


Loan Use:                  Purchase, refinance, cash-out,                                         construction, renovation

 Pro's About
Foreign National Loans:

  • Flexibility
  • Quick closing in 5 - 7 Days
  • Interest-only payments
  • Wide range of property types
  • No Income Documentation
  • No Minimum credit requirement
APPLY NOW

What Do I Need To Qualify?

Simple... Experience & Equity in the property!
  • Origination Fee: 1.50% + of the loan amount
  • Prepayment Penalties: None! (3+ months of minimum interest earned)
APPLY NOW

Eligible Properties for Foreign National Loans


Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At World's Fair Capital, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.


Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At World's Fair Capital, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.


Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At World's Fair Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.


Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive

Common uses include Acquisition, refinance, cash-out, renovation / construction:




Retail

Retail is any property used for commercial retail space such as a storefront for selling goods or services. World's Fair Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.


Office

Office is a property classification which generates income from tenants comprised of businesses and professionals. World's Fair Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.


Hospitality

World's Fair Capital will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.






Required Documents for Closing

Property Documents


  • Purchase Contract
  • Payoff Statement (if Refinance)
  • Rent Roll & Leases 
  • Renovation Budget (if Rehab)




Personal Documents


  • Loan Application 
  • Track Record / Experience / SREO
  • Last Month's Bank Statement
  • Drivers License and/or Passport





Business  Documents



  • Articles of Incorporation
  • Operating Agreement (LLC) or Bylaws (Corp.)
  • EIN Letter


Benefits of our Foreign National Loans:


  • No Income Documentation Required
  • No Minimum Credit Requirement
  • Quick Closing 5-7 Days 
  • Rates Starting at 7.99%
  • No Debt Service Coverage Requirement 
  • No Prepayment Penalty 
  • No Upfront Lender Fee



Loan Fees and Costs


  • Origination Fee: 1.50% + of the loan amount
  • Processing Fee: Based on Project Size
  • Underwriting Fee: Based on Project Size


Prepayment Penalties


  • None! (3+ months of minimum interest earned)


Share by: