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Strand Hill / Christie's International Real Estate for Manhattan Beach, Hermosa Beach, Palos Verdes - The art of beach real estate

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You are here: Home / Headline News / Cash isn’t the only way for offshore buyers of US real estate (September 2, 2016)

Cash isn’t the only way for offshore buyers of US real estate (September 2, 2016)

September 2, 2016 by Gary Richardson

Lenders are making a play for foreign buyers with nonconforming loans.

“If you’re a wealthy foreigner wanting to invest in the U.S. property market, producing the full pot of cold hard cash up front may not be necessary. Non-resident foreigners can’t get government backed loans or jumbo mortgages. But some banks will give non-conforming loans to wealthy overseas buyers, and then sell them onto non-traditional lenders.”

http://therealdeal.com/2016/09/02/paying-cash-isnt-the-only-way-for-off-shore-buyers-to-buy-us-real-estate

 

Filed Under: Headline News

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Gary E. Richardson
Strand Hill / Christie's International Real Estate
1131 Morningside Drive
Manhattan Beach, CA 90266
310-480-7694
DRE: 00466560
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