Real Estate Agent Finds a Lending Partner for International Clients

Danielle is a real estate agent and investment specialist, focused on helping international clients buy properties in the U.S. This accomplished real estate agent had great success working with international cash buyers. However, when it came to helping international clients who needed financing, she struggled—options just didn’t seem to exist. That changed when she discovered Waltz. Danielle can now help her clients secure the funding and everything they need to start investing in the U.S.

Spartan Invest Team

Danielle

Real Estate Agent

About the partner

Danielle A.

In the Cleveland, Ohio metro area, Danielle A. has become a popular real estate agent among American out of state and international clients. Known for her deep market knowledge and hands-on experience as an investor herself, she has built relationships within the real estate investment communities of multiple states and countries. She has helped a wide range of international clients navigate the nuances of U.S. real estate investing, including those from Argentina, Canada, UK, Italy and Israel, among other nations.

Frustrated by the lack of financing options for international buyers, Danielle was determined to find a solution. One day, a client in need of a DSCR loan introduced her to Waltz–the answer she’d been searching for.

Partner with Waltz.

The Challenge

Investing in the U.S.? Only if you have cash

Most of Danielle’s deals with foreign nationals were straightforward because they either paid all-cash or had U.S. residency, which made securing financing easier. When one of her clients expressed interest in using financing, though, Danielle ran into a major roadblock. 

Despite calling every lender she could think of, she kept hearing the same discouraging response: “no.” The feedback she kept getting boiled down to the following:

  • No U.S. income 
  • No U.S. bank account 
  • No FICO credit score

Many lenders rejected her clients due to a lack of U.S. income, bank accounts, or FICO scores. It went far beyond this, though. 

Looking further down the road, she also knew that lenders required the creation of an LLC for DSCR loans, which meant working with lawyers to establish the entity and obtain an EIN. Without this, clients couldn’t open U.S. bank accounts, complicating the financing process even further.

Operating from abroad added another challenge, especially with closing. Title companies often require in-person signings or notarizations, forcing clients to travel to the U.S. She also anticipated delays with lenders and title because coordinating the entire loan process from different time zones is never easy.

The Result

The one-stop-shop for foreign investors

With a lending partner who specializes in investment loans for foreign nationals at the ready, Danielle’s Canadian client began the application process with Waltz. Working together, the client closed on a quadplex in Cleveland in just over 30 days.

Learn More About Waltz’s Partners Platform.

An easy-to-follow lending process

Leading up to the application process, Danielle braced herself for the usual challenges that come with international transactions. Given that Waltz was one of the few lenders offering loans for foreign investors, she couldn’t help but feel a bit skeptical at first. However, any doubts she had were quickly eliminated as soon as the process got underway.

From the outset, the marketing on Waltz’s website provided an easy-to-understand roadmap, outlining exactly what to expect. Danielle appreciated how straightforward everything was—as advertised, there were no hidden surprises.

What impressed her most, though, was the attention to detail. “Waltz made sure that every “I” was dotted and every “T” was crossed, leaving nothing to chance” she noted. The level of specificity in their documentation and communications ensured that everything was handled with precision.

Investor Kit

There was one mishap that Danielle recalled in the process. With the help of an attorney, her client had created an LLC. However, the company did not have an EIN. While Waltz was ready to close in under 30 days, this delay added to the timeline.

In retrospect, Danielle wishes that her client had used Waltz’s Investor Kit. The optional add-on service includes an LLC with an EIN, a U.S. bank account, and foreign exchange capabilities– all within minutes.  She went on to say that “moving forward, I’m definitely going to recommend that my clients do everything with Waltz. This would’ve helped us avoid delays.” Having a lender who can do this is invaluable.

Remote closing option

What really stood out to Danielle was the remote closing option. With the buyer traveling in India at the time, it would have been a logistical nightmare to require him to travel for in-person signings. But “Waltz made it easy by offering the ability to have a surrogate sign for the wet documents.” This allowed the buyer to finalize everything remotely from overseas, saving time and money while still ensuring that the necessary paperwork was completed on time. 

Thanks to this flexibility, the closing process was smooth, efficient, and hassle-free, making the entire experience much easier for the client. When reflecting on her overall experience, Danielle enthusiastically noted that “I have recommended Waltz to colleagues and my business partner. I will definitely continue to do so.”

Close more deals with foreign clients

Danielle’s experience with Waltz has been a turning point in her ability to help international investors succeed in the Cleveland metro area. Before partnering with Waltz, securing financing for non-U.S. clients was a constant challenge. But now, with Waltz's comprehensive solutions ranging from financing to LLC with an EIN setup, Danielle can confidently close deals and provide the support her clients need to grow their portfolios.

The ease of working directly with Waltz has made the company her go-to lender for foreign nationals. For any real estate professional seeking a reliable and efficient partner to help international investors get to the closing table, Waltz has proven to be the trusted choice— just ask Danielle.

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