Due to recent changes in the real estate market , foreign nationals have identified Florida as a great opportunity for real estate investments. Our focus is to help our international clients realize that goal. Royal Capital Group offers speciality loan programs to foreign national investors or international companies seeking financing in the Florida real estate market as well as in other select other US states (see Program A). Royal Capital Group process is specially designed for Foreign National in order to streamline and expedite the process of obtaining a loan. Email us at info@royalcapitalgroup.com for a Foriegn national loan application to get started. We suggest that you allow between 30 – 45 days from submission to obatin funding.
GUIDELINES FOR FOREIGN NATIONAL LOAN PROGRAM A:
Loan amount: Minimum – $200,000 USD
No Maximum loan amount
Loan to Value 50% – Florida
60% – Califonia, New York, Colorado, Neveda, Connecticut
Loan term Quarterly adjustable term
Interest Rates Call or Email us for today’s Interest Rates at info@royalcapitalgroup.com
Occupancy 2nd home, Vacation home, Investment property, property to let, real estate investment
Amortization Determined by teh difference of current age and maximum of 70 years old.
Adjustment Increase of .25% if closing in a corporate name
LOAN DOCUMENT REQUIREMENTS:
(A) FOR APPLICANTS WHO ARE SALARIED EMPLOYEES / PROFESSIONALS:
1. Completed and signed application form – (I will complete based on submitted 1003)
Copies of –
2. Passport – (photo and signature pages)
3. Latest 2 years tax assessments (issued by Inland Revenue) and/or pay slips.
4. Employment contract or letter from employer giving details on current salary,
allowances, bonus, etc.
5. Latest month’s bank (deposit/investments) statements of principal accounts.
6. Tenancy agreements or rental statements or bank statements for the all properties
enjoying rental income. – If applicable
7. Website address of employer.
8. *Details of property to be purchased e.g. booking form, sales & purchase agreement.
9. *Latest mortgage statement from current lender showing repayment record and
current loan outstanding. – For refinancing cases.
(B) FOR APPLICANTS WHO ARE SELF-EMPLOYED/ ENTREPRENEURS/
BUSINESSMEN (with Shares in Significant Company)
1. Completed and signed application form
Copies of –
2. Passport – (photo and signature pages)
3. Latest 2 years personal tax assessments.
6 Bank statements in lieu of personal returns (if they do not exist in country of origin) that reflect the income deposits.
Yr to Date profit and Loss statement
4. Audited business accounts for the last 2 years.
5. Latest month’s bank (deposit/investments) statements of principal accounts.
6. Tenancy agreements or rental statements or bank statements for the all properties
enjoying rental income
7. Profile / Brochure / Website of employer giving information of what the company does,
history, number of staff (local office/international), major clients/projects, etc.
8. *Details of property to be purchased e.g. booking form, sales & purchase agreement.
9. *Latest mortgage statement from current lender showing repayment record and current
loan outstanding for refinancing cases.
(C) FOR CLIENTS WHO ARE BORROWING IN THE NAME OF A COMPANY
In addition to documents required under (A/B) above, we need certified true copies of –
1. Memorandum & Articles of Association
2. Business Registration/Certificate of Incorporation
3. Register of Shareholders and Directors
Documents required before loan drawdown:
– Latest utility bill to verify home address.
– *Existing tenancy agreement & fire insurance policy for property to be refinanced.
