The Client
Our client was a university professor living in Canada. He found a property in Texas that needed some repairs and wanted to take advantage of the low purchase price with the intention to ‘Flip’ it. The property being situated in a good neighborhood within close proximities to good schools and several amenities, convinced our client that he could successfully flip it.
How We Helped
Being a Foreign National caused several problems for our client as banks could not lend to him. After several rejections, our client was referred to us by a lender. Using AM Fix-‘N’-Flip loan program, our client purchased the property for $200,000, and we were able to secure a short-term loan amount of $195,000 based on the after-repair-value (ARV). (Also see Can a Canadian Buy a House in the USA?)
Loan Details
| Nationality | Property Value | Loan Amount | ARV | Rate |
| Canadian Citizen | $200,000 | $195,500 | 65% | 8.25% |
| Term | Address | Property Type | Purpose | Loan Type |
| 18 Months | Fort Worth, Texas | Single-Family Home | Fix-and-Flip | Residential |