The Client
Our client is a British Marketing Director living in Hong Kong. He owns 15 small properties in the Atlanta area and wanted to add to his holding in U.S. real estate.
How We Helped
The client needed to release equity from two of his existing properties in Atlanta to get the down payment for the purchase of a new Orlando, Florida property (4 bedrooms, 3 baths, 3200 sq. ft home with a pool).
The main challenge we had was the client was already in contract, and the loan was declined by an international bank two weeks into the process due to DTI (debt to income) issues.
Our Loan Specialists were able to immediately see the issue and discuss the client’s options on affordability. Once it was understood the client intended to use this property as an investment, America Mortgages was able to structure the loan using only the rental income to service the debt. The existing two rental properties were refinanced in sync with the closing of the purchase.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| U.K. Citizen | $1,690,000 | $1,098,500 | 65% | 4.875% |
| Address | Property Type | Purpose | Loan Type |
| 15 unit portfolio, Atlanta, Georgia | Single-Family Home | Purchase and Refinance | Residential |
