Thoughtful commentary, strategic guidance, practical legal perspectives, and daily blogs from Jasmine Daya & Co.
One of the biggest surprises Canadian private lenders encounter when expanding into the United States isn’t the legal system, it’s the different language, despite it still being English.
Suddenly, conversations are filled with acronyms that seem to assume everyone knows exactly what they mean.
For Canadian private lenders looking to expand into the United States, one of the biggest surprises is often the foreclosure process.
Many assume that because Canada and the United States share common law roots, the enforcement process must be similar.
It isn’t.
One of the first questions Canadian private lenders ask me is surprisingly simple: “Okay, Jasmine. If we decide we want to do this… how long before we can actually lend in the United States?”
The answer everyone hopes to hear is: “A few days.”
For decades, Canadian mortgage brokers have built successful businesses helping clients navigate an increasingly competitive lending landscape. But as more Canadian investors and entrepreneurs look south of the border for opportunity
One of the most common misconceptions I hear from Canadian private lenders looking to expand into the United States is this: “Once we’re lending in the U.S., we only need to worry about U.S. laws.”
One of the questions Canadian mortgage professionals considering expansion into the United States is this: “Can I get an NMLS licence if I’m Canadian?”
The short answer is: Yes.
The longer answer is: Yes, but NMLS isn’t actually the licence—and the requirements depend entirely on what you’re trying to do and where you’re trying to do it.
As with many things in the United States, the answer isn’t straightforward.
Canadian private lenders entering the United States often ask which state offers the best opportunities. Compare California, Florida, Texas, and Arizona from a lending, foreclosure, risk, and growth perspective.
Private lenders spend thousands reviewing appraisals and title reports, but many never review insurance policies. Learn why insurance review is becoming one of the most important risk-management tools in private lending.
Canadian private lenders expanding into the United States should understand cross-border tax planning, withholding taxes, U.S. filing requirements, treaty considerations, entity selection, and estate tax risks.
Foreclosure laws vary dramatically across the United States. Learn the difference between judicial and non-judicial foreclosure, redemption rights, deficiency judgments, and what Canadian private lenders should consider before funding a U.S. loan.
