The Client
Our client was a Hong Kong businessman who had acquired more than 400 residential properties in the state of Georgia, all with private bank financing from HK. He had an entire administrative team just to keep up with the mortgage payments, insurance, and property taxes. He wanted a simple solution that would reduce overhead administrative costs and simplify his life without selling properties.
How We Helped
Our America Mortgages loan officer based in Hong Kong structured a refinance into four separate portfolio loans, placing an equal number of properties in each portfolio based on various factors, such as value, time owned, and rental income. These loans not only consolidated the monthly payments but also included impound (internal escrow accounts) to pay the property taxes and insurance when due.
The client was able to reduce his staffing costs by more than 50%, increasing the overall yield on the portfolio significantly while also simplifying his life.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| Hong Kong Citizen | $44,800,000 | $17,920,000 | 40% | 7.50% |
| Term | Address | Property Type | Purpose | Loan Type |
| 5-Year Fixed Interest Only | Atlanta, GA | SFR/Apartment/Condo | Portfolio | Residential |