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 |
| Location: | Miami, Florida |
| Amount Sanctioned: | $250,000 |
| 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.
