A Canadian foreign national purchased a high-value single-family rental in Plantation, Florida, with the property vested through an entity structure. The borrower closed on a $1.858 million DSCR purchase loan in 25 days.
The loan closed nearly three weeks ahead of schedule. For a foreign national borrower purchasing a high-value US rental with the property vested through an entity structure, this case shows how DSCR financing can move a complex purchase from application to closing without relying on conventional US income documentation.
HomeAbroad’s DSCR loan options are designed for foreign real estate investors who want to qualify based on rental income from the property rather than personal income, W-2s, pay stubs, or US tax returns.
Table of Contents
Deal Snapshot
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Property Address: Plantation, FL 33324 - State: Florida
- Property Type: Single-family residence
- Borrower / Entity: LLC
- Borrower Type: Foreign national
- Nationality / Visa: Canadian foreign national
- Loan Type: Purchase
- Loan Product: DSCR loan
- Purchase Price: $2,655,000
- Loan Amount: $1,858,500
- Interest Rate: 6.875%
- Monthly Rent: $16,000
- Underwritten DSCR: 1.02
- LTV: 70.00%
- Days to Close: 25 days
- Loan Officer: Jeff Larrabee
The Borrower Scenario
The borrower was a Canadian foreign national purchasing a single-family rental property in Plantation, Florida, through an LLC.
That structure matters because foreign national investors often need a financing path that can account for cross-border documentation, entity ownership, foreign income profiles, and limited or no US credit history. A standard conventional domestic mortgage path is not always built for that scenario.
HomeAbroad structured the purchase as a foreign national DSCR loan, which allowed the file to be reviewed primarily around the property’s rental income and deal strength rather than the borrower’s US personal income documentation.
For investors buying rental property in Florida, HomeAbroad’s Florida DSCR loan program is built around this type of rental-income-based qualification.
Investment Properties on Sale in Florida Today
Borrower and Property Profile
The Property and Investment Profile
The subject property was a single-family residence in Plantation, Florida, purchased for $2,655,000.
The property was intended as a long-term rental, with submitted monthly rent of $16,000. The file carried an underwritten DSCR of 1.02, which supported the loan structure for the borrower’s investment purchase.
For a high-value long-term rental, the key point was not just the purchase price. The file had to show that the property could support the requested financing structure, that the borrower’s entity setup was workable, and that the closing timeline could be met.
HomeAbroad’s role was to bring those pieces together in a way that allowed the file to move quickly.
Loan Structure
The loan was structured around the property’s rental profile rather than a conventional income review. That is the main advantage of a DSCR loan for foreign national investors buying US rental property.
Instead of making the borrower qualify through a traditional US borrower framework, the file focused on whether the rental property could support the loan and whether the overall transaction met foreign national DSCR guidelines.
This file is a good example of how DSCR financing can work for foreign national investors purchasing higher-value US rental properties. The borrower was buying through an LLC, the property had a workable rental income profile, and the file was organized early enough for us to close well ahead of the contract deadline.
Closing Timeline
The loan was closed nearly three weeks ahead of schedule.
That speed is the strongest part of this case study. Foreign national files can slow down when documents, entity information, rental analysis, and funds review are not organized early. In this case, the file moved from registration to closing in less than 30 days.
What Made This Deal Notable
1. Canadian foreign national borrower
The borrower was a Canadian foreign national buying US real estate who vested the property through an LLC. That made the file a strong example of how foreign national investors can use entity-based ownership and rental-income-based financing for US rental acquisitions.
2. High-value Florida rental purchase
The property was purchased for $2.655 million, making this a high-value single-family rental transaction in Plantation, Florida.
3. DSCR qualification path
The borrower qualified through a DSCR loan, with an underwritten DSCR of 1.02. This allowed the file to be reviewed through the rental property’s income profile instead of a conventional US income documentation path.
4. Faster-than-expected closing
The loan closed in 25 days, nearly three weeks ahead of the contract closing date.
Why This Matters for Foreign National Investors
This case is a practical example of what HomeAbroad does for international buyers who want to invest in US real estate.
A Canadian investor did not have to rely on a standard domestic mortgage path to purchase a high-value Florida rental. The file was structured around the property, the rental income, the borrower’s entity, and the closing deadline.
That is where a specialized foreign national DSCR process makes a real difference. The right structure can help investors move faster, avoid unnecessary documentation friction, and compete more confidently on US rental properties.
For international investors still comparing their options, HomeAbroad’s foreign investor mortgage programs explain how non-US citizens can finance US real estate even without a standard US borrower profile.
The Result
HomeAbroad helped a Canadian foreign national close a $1,858,500 DSCR purchase loan on a $2,655,000 single-family rental property in Plantation, Florida.
The borrower closed in 25 days, nearly three weeks before the original contract closing date, using a DSCR structure designed for foreign national real estate investors.
Financing US Rental Property as a Foreign National
Buying US real estate as a foreign national usually comes with additional questions around documentation, entity ownership, reserves, rent analysis, and closing timelines.
HomeAbroad helps international investors navigate that process with mortgage options designed for foreign national buyers. For rental properties, a DSCR loan can be especially useful because the property’s income can support the loan qualification.
If you are buying a US rental property and want to qualify based on rental income rather than a conventional US income review, explore HomeAbroad’s foreign national DSCR loans.
