Insignia Mortgage recently closed on a $6 million second home purchase for a foreign corporate executive with 60% lender financing.
Insignia Mortgage worked with the client’s foreign legal counsel and US-based CPA to properly structure the purchase in a tax-efficient manner. The client purchased the home using an LLC with the buyer guaranteeing the loan. We helped the loan go through successfully despite not having U.S. income, credit or assets.
- $3.6 million loan amount
- 3/1 ARM
- 2.888% APR
- 30-year term with no prepayment penalty
- 28-day close of escrow