Pacific Gate San Diego High Rise Condo Foreign Income Loans
A new Bosa Development luxury high rise Condo project in the Embarcadero district of downtown San Diego opened its doors this summer. The property is located at 888 W E St San Diego CA 92101. The Pacific Gate tower has attracted many buyers including foreign buyers, due to its beauty, location, and amenities. Most US lenders find it difficult to finance brand new high rise condos let alone high rise condos for foreign buyers. Pacific Gate has many exclusive condos with amazing views in the $3,000,000 – $4,000,000 range. Here at Griffin Funding, we can do loans up to $3,000,000 for foreign buyers as a primary residence, second home or investment property. We translate foreign documents to show the buyer’s income qualification to ensure the loan funds and closes on time. If the foreign buyer is unable to prove income in the traditional method we can use bank statements to qualify for the loan and we will allow for up to a 50% debt-to-income ratio. Traditional banks have a much smaller underwriting box and most will not allow foreign income, bank statements and debt to income of up to 50% to qualify. These expanded criteria high rise jumbo loans are available for US Citizens and Foreign Nationals (Non-Permanent Resident Aliens).