Multifamily Refinance
in Ohio
Case Study
No SSN. No Green Card. No problem.
How Woodland Funding closed a $734,000 multifamily refinance in Ohio for a
Canadian couple — using an ITIN as the key to the deal.
THE CHALLENGE
A Canadian couple owned a multifamily property in Ohio and needed to refinance. The problem: neither borrower had a U.S. Social Security Number or a Permanent Resident Card — making them ineligible with traditional lenders
THE WOODLAND FUNDING APPROACH
aPPROACH 1 — Found the barrier
Without an SSN or Green Card, the borrowers were turned away by conventional lenders. Most brokers would have stopped here.
aPPROACH 2 — Discovered the solution
We researched lender guidelines and identified that an IRS-issued Individual Taxpayer Identification Number (ITIN) could satisfy U.S. identification requirements — an alternative most lenders never mention
aPPROACH 3 — Guided the clients
We walked the borrowers through the ITIN application process with the IRS, keeping the deal alive while they obtained their numbers.
aPPROACH 4 — Closed in 30 days
With ITINs in hand, we moved fast. The $734,000 refinance closed within 30 days of ITIN issuance — a deal that nearly never happened.
KEY TAKEAWAY
Foreign nationals don’t need an SSN or Green Card to access U.S. real estate financing.
With the right lender and an ITIN, international investors can qualify for loans on U.S.
multifamily and investment properties — even when every other door is closed.
Has your bank said no?
We specialize in complex financing situations that traditional lenders won’t touch —
international borrowers, non-traditional income, and everything in between
Other case studies from our desk.
Foreign National Refinance Atlanta, Georgia Single-Family Rental
When a high-net-worth foreign national investor sought to refinance a premium single-family rental property in the Atlanta, Georgia market, conventional lenders could not help. The borrower had no Social Security Number or Individual Taxpayer Identification Number, and the property’s rental income fell short of what traditional debt-service coverage ratio requirements would demand.
How we closed a complicated warehouse refinance and why it took 60 days instead of 30
Not every deal is straightforward. Here’s a look at a recent closing where creative problem-solving made all the difference — and what it reveals about how experienced lenders approach non-stabilized assets.