American research professor at the National University of Singapore buys an apartment in New York.

The Client

Our client is a clinical research director at a top university in Singapore for the past 12 years, and his kids are all studying in the U.S. Being abroad for an extended period of time, he no longer had any credit history in the U.S. or FICO score.

How We Helped

He no longer had any credit history in the U.S. or FICO score. Although he tried with several local and international banks, he was unable to get a loan due to the lack of credit. As we see similar situations often, we knew what loan program would work best for our client. He was able to get a great loan and begin to reestablish his U.S. credit again. Something vital to him when he retires back in New York.

Loan Details

Nationality	Property Value	Loan Amount	LTV	Rate
U.S. Citizen	$3,400,000	$1,870,000	55%	5.125%

Term	State	Property Type	Purpose	Loan Type
5/1 ARM	New York City, New York	Apartment	Purchase	Residential