Canadian Loan to Purchase US Props?

Financing, Hard Money Lenders, Private Money
1

I’m a Canadian citizen and would like to know if one is able to use a Canadian lender to purchase an Amercian property?

2

That would depend on wether or not Canadian Lenders allow borrowers to purchase properties outside of Canada. However there are US Lenders that lend to borrowers outside of the US and also to foreigners purchasing real estate in the US.

3

I C, I’m asking this because it seems that Canadian lenders have lower interest rates…

4

Yes. I think their rates are better but it is harder to qualify for their loans.I think you should contact canadian lenders and find out if they lend against properties out of the country.