I am starting a real estate fund to invest in US real estate but most of the principal's assets/cash flow (i.e. credit supporting assets) are in the DR and Mexico. We are seeking to secure competitive rates in the US using our income/assets from abroad as these would establish our fund as being creditworthy.
Does anyone have any experience with this? Do you know of any lenders that would accept our DR assets as collateral in conjunction with our earnings as proof of our strong credit?
Just to fill in some blanks that might be helpful:
-We are looking to raise approx. $1 million in order to lever up 4-5x
-Target properties would be west coast ( CA, TX foreclosures and Tri-State (NY, NJ, CT) multifamily properties below 400k-1,000k
-Looking to invest 25-40% downpayment on properties to hold for long term
-Principals are all finance professionals and MBA's with understanding of Real Estate
-DR, Mexico, West Coast assets are not liquid but cash flow positive, prominent businesses, including substantial real estate holdings
Any help would be greatly appreciated and can be discussed via PM.
Sincerely,
ARG1118
P.S. Just to disclose so this post is not erased, this is an inquiry for advice/help and not solicitation of investors.
Does anyone have any experience with this? Do you know of any lenders that would accept our DR assets as collateral in conjunction with our earnings as proof of our strong credit?
Just to fill in some blanks that might be helpful:
-We are looking to raise approx. $1 million in order to lever up 4-5x
-Target properties would be west coast ( CA, TX foreclosures and Tri-State (NY, NJ, CT) multifamily properties below 400k-1,000k
-Looking to invest 25-40% downpayment on properties to hold for long term
-Principals are all finance professionals and MBA's with understanding of Real Estate
-DR, Mexico, West Coast assets are not liquid but cash flow positive, prominent businesses, including substantial real estate holdings
Any help would be greatly appreciated and can be discussed via PM.
Sincerely,
ARG1118
P.S. Just to disclose so this post is not erased, this is an inquiry for advice/help and not solicitation of investors.