US mortgage provider lending for Australian residential property

Discussion in 'General Chat' started by san321, Oct 27, 2008.

  1. #1
    Hi to all,

    I am writing this to pick the brains of pretty much the most entrepreneurial community online that I know of.

    I have 2 investment properties in Australia, rentals, that have mortgages.
    With the AUD so low comparative to the USD I am looking to source my mortgage from a US bank or lender at US interest rates in USD.

    Why? Well say the AUD hits 50 cents US. For arguments sake I have a 200k AUD mortgage. I borrow 100k USD to pay out that mortgage.

    Should the AUD hit 75 cents US, half my mortgage has just been paid for, if the AUD achieves parity with the US, I have no mortgage.

    Risks – interest rates in the US going up, but I understand there are 15yr/30yr fixed terms etc which is different to whats on offer here in Australia.

    The AUD dropping further below 50 cents US.

    Risks I am prepared to take, the hard part is finding a US lender willing to loan to an Australian using Australian property as security.

    The figures I am looking at are a fair bit more than what is mentioned above, it should be worthwhile for a lender to get involved.

    Anyone know of lenders interested in such a deal drop me a line, comments on the above are appreciated.
     
    san321, Oct 27, 2008 IP