OfflineBeing Canadian and not being able to secure a loan in the US easily, I was wondering if banks will loan to a LLC with a foreign principal?
Anyone knows the answer to that?
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I am a REI in training. Already own 15 appartments in 4 and 3plexes and wish to continue expanding. Based in Southern Quebec, Canada.
But why don't you call around to a few banks in different larger metropolitan areas and ask them?
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good advice fr tammy
Tony
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Good idea. I also asked my realtor and she said that she thinks so but needs to check it out.
I am a REI in training. Already own 15 appartments in 4 and 3plexes and wish to continue expanding. Based in Southern Quebec, Canada.
Anyone knows the answer to that?
I know that in the past when I borrowed even under a biz entity, I was still required to sign personally.
Instead of going to the larger banks, which most people tend to do first, try smaller community banks and smaller credit unions. They can bend their rules more easily or even flat out change them at whim.
Good luck and let us know what you find.
Karen
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