OfflineI am a relative who wishes to purchase in the US but he doesn't have a green card, is a non-US national, and hasn't even step foot in the US. Having said this he still wishes to purchase commercial real estate in the US. I know he can do so all cash deals but unfortunately he doesn't have that kind of money. He can put more than 50% down but will have to obtain a mortgage for the other 50%. Would any mortgage company lend to him? If yes, what paperwork would he need to provide in order to get the mortgage started?
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Really this is a hard situation. Without being a resident of the US they cannot obtain US credit. However, if the relative uses purchasing items such as seller financing they will not need to use an credit and will be able to purchase the properties. The relative can also create a C corp. When this corp is created the relative can create corporate credit and after a short while the corporation can then purchase properties instead of your relative.
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