Reducing the Down Payment on a Commercial Property by Leveraging the EB-5 Loan
|Client’s Country of Origin:||Peru|
|Current Visa Status:||Business Visa + EB-5 Applicant|
|Loan Purpose:||Down payment for Commercial Property for Rental Purposes|
|Interest Rate:||7.5% Interest Rate (5-Year Term)|
|Collateral to Lender:||Pledge of EB-5 Capital Upon Return + Personal Guarantee|
The Client’s Story:
Having moved to the US from Peru for business the client decided to buy a commercial property to generate rental income. Based on her existing US credit history, the client was pre-approved for a $1.2 million loan from a commercial bank, but with a significant down payment required.
The client was able to secure $250,000 as a cash loan against her existing EB-5 investment, which was used to offset the down payment required from the bank. The documentation and disbursal was completed within 14 days of initiating the loan request.