Loans to Foreign Investors AVAILABLE in Sarasota

If you are a foreign investor it can be difficult to get a loan in the United States.  It’s difficult enough for U.S. citizens!  The good news is that a local bank with Spanish roots has developed a program aimed at helping foreign investors get loans in the United States.

Banco Sabadell

Sabadell Bank and Trust, with branches in Miami, North Palm Beach, Naples and Sarasota is offering Consumer Purpose Residential Mortgages for foreign investors and/or foreign-owned LLCs.  The product offer for foreign investors is a 15 year fixed rate with a 15 year amortization or 30 year amortization with a fixed rate terms of 3, 5, or 7 years.  Foreign-owned LLCs will receive the same 15 year fixed rate with 15 year amortization or a 25 year amortization with fixed rate terms of 3, 5, or 7 years.

The bank is only providing loans to make new purchases or refinance existing purchases (no cash out).  Loans can be up to 60 percent of the purchase price or appraised value, whichever is less, up to $3 million.  To qualify, the borrower must show 2x the borrowed amount in liquid funds in a U.S. or foreign financial institution.  There may be pre-payment penalties.

To find out more about the loan products contact Daniel E. Vigne, CFP, Executive Vice President

Market Executive, Sabadell Bank & Trust, 783 South Orange Avenue, Suite 100, Sarasota, FL  34236

Phone (941) 364-5080 or email:  Daniel.Vigne@sabadellus.com.

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Written by Chris Jaensch

Attorney P. Christopher Jaensch received a Bachelor of Arts degree in History in 1992 and a Juris Doctor degree in 1995 from the University of Florida. While at UF, he was a member of Sigma Chi Fraternity, Phi Beta Kappa Society and Florida Blue Key, the oldest and most prestigious leadership honorary in the state of Florida.

Mr. Jaensch is a member of the Florida Bar, the American Immigration Lawyers Association (AILA) and the Sarasota Bar Association. He has served as President of the Sarasota-Manatee International Trade Club and served as Regional Vice Chair, Tampa Bay, for the Central Florida Chapter of AILA. He was a member of City of Sarasota Charter Review Committee and has been active in several local organizations, including the influential Laurel Park Neighborhood Association in downtown Sarasota.

Mr. Jaensch has over 18 years of experience in the field of immigration and nationality law and focuses his practice on four primary categories (a) investors and entrepreneurs, (b) business executives, managers and professionals, (c) amateur and professional athletes and coaches and (d) performing artists and immigrants with extraordinary ability.