Cash-Out Refinance for Foreign National

A Canadian citizen owned a house in Arizona, free and clear. They were having trouble freeing up equity in their home because of their status as a non-U.S. citizen. Aside from their lack of U.S. citizenship the borrower would have qualified for traditional financing.

Del Mar Financial & Investments, L.L.C. was able to finance this borrower so that they could access $350,000 of equity from their property. We do not require a Social Security number or U.S. tax return to underwrite a loan to a foreign national. Our lending requirements provide an opportunity for foreign nationals to refinance their properties, or to acquire additional properties in Arizona.