By Sagi GliksmanForeign Investors2 min readUpdated
Hard Money Loans for Foreign Investors: Fix-and-Flip and Bridge Loans Without U.S. Credit
Foreign investors can use U.S. fix and flip (hard-money) and bridge loans with no SSN and no U.S. credit. How they work and what you need.
Key takeaways
- Foreign investors can use U.S. fix and flip (hard-money) and bridge loans with no SSN and no U.S. credit.
- Many lenders offer foreign nationals only DSCR rental loans. Short-term money to buy, renovate or close fast is scarce.
- Bridge closes in 7-14 days. Fix and flip closes in 7-14 days.*
- The usual exit is a sale, or a refinance into a long-term foreign-national DSCR loan.
Most U.S. financing for foreign nationals is one product: the long-term rental loan. It works for buy-and-hold.
It does not work for a property that needs renovation, or a close faster than a 30-year loan allows.
Hard money and bridge loans cover those deals, and foreign investors can use both.
Fix and flip (hard-money) vs. bridge: which fits your deal
- Fix and flip (hard-money): purchase plus rehab in draws, 6-24 months term, closes in 7-14 days.
- Bridge: buy, stabilize or meet a deadline, up to 70% LTV, 6-24 months term, closes in 7-14 days.
- * Subject to underwriting
What a foreign investor needs
- Your passport
- Bank statements showing the down payment, reserves and enough cash to carry the project
- A U.S. LLC with an EIN to take title
- For a flip: the scope of work, the renovation budget and the after-repair value (ARV)
- A clear exit plan: sell, or refinance into a long-term loan
- Your track record, if any: experience improves leverage and pricing
No SSN or U.S. credit required
Fix-and-flip and bridge loans are open to borrowers with no SSN and no U.S. credit.
Underwriting focuses on the property, your plan and your home-country documents. The same-day term sheet prices your exact scenario.
The exit: sell, or refinance into a rental loan
When the work is done, sell the property. Or keep it and refinance into a long-term foreign-national DSCR loan, with cash-out up to 65% LTV.
The rent covers the payment, and the cash-out funds your next deal.
No SSN. No U.S. credit. Terms the same day.
Fix and flip (hard-money)Frequently asked questions
Can foreign nationals get hard money loans in the U.S.?
Yes. Non-U.S. residents can use fix and flip (hard-money) and bridge loans with no SSN and no U.S. credit.
Do I need flipping experience?
No. First-time flippers welcome with a solid budget and contractor.
Experience improves leverage and pricing.
How fast can a bridge loan close?
In 7-14 days.
What happens at the end of the loan term?
You repay it by selling the property or refinancing into a long-term loan, such as a foreign-national DSCR rental loan.