The Client
British Marketing Director living in Hong Kong. Owns several small properties in the Atlanta area, and wanted to add to his holding in US real estate.
The Property
4 bedroom, 3 bath, 3200 sq. ft home with a pool in Orlando, Florida.
The Deal
The client needed to release equity from two of his existing properties in Atlanta to get the down payment for the purchase of a new Florida property.
The Challenge
The main challenge we had was the client was already in contract and the loan was declined by an international bank two weeks into the process due to DTI (debt to income) issues.
The Solution
As GMG is a super broker, we were able to immediately see the issue, discuss the options with the client on affordability. Once it was understood the client intended on using this property as an investment, GMG was able to structure the loan using only the rental income to service the debt. Existing two rental properties were refinanced in sync with the closing of the purchase.
Loan Details
| Loan Type | Property Value | Loan Amount | LTV | GMG Program |
| Refinance and Purchase | $675,000 | $506,250 | 75% | GMGFN Lite |
| Loan Type | Refinance and Purchase |
| Property Value | $675,000 |
| Loan Amount | $506,250 |
| LTV | 75% |
| GMG Program | GMGFN Lite |
- Unlocked in UK: Assessing Any UK Off-Plan Scheme Marketed Overseas — A Buyer’s Framework
- Unlocked in UK: White City, Old Oak and Outer Regeneration — Financing the Growth-Story Purchase
- Unlocked in UK: Branded Residences — Financing Mandarin Oriental, Four Seasons and Hotel-Branded Homes
- Unlocked in UK: Chelsea Barracks and Ultra-Prime New Build — Financing at the Top of the Market
- Unlocked in UK: Nine Elms and the Vauxhall Corridor — Financing in a High-Supply New-Build Market
