Hey there, dream chasers! If you’ve got your eyes on Miami’s sizzling real estate scene, you’re not alone. Once crowned the Crypto Capital, this vibrant city continues to lure wealthy buyers whose incomes don’t exactly scream ‘9-to-5’ on a W-2 form. Think crypto moguls, OnlyFans stars, and international investors - they’re all flocking to the Sunshine State for its unbeatable lifestyle and zero personal income tax.
According to Emmanuel Fajardo, National Manager at Cornerstone First Mortgage, Florida is the top spot for self-employed borrowers, with Miami being the ultimate magnet. Add in a wave of foreign buyers from places like Colombia and Bolivia, and you’ve got a melting pot of eager homeowners. But here’s the catch - traditional banks often give these unique buyers the cold shoulder, leaving them discouraged and denied.
That’s where Cornerstone First Mortgage swoops in like a superhero, ready to bridge the gap. They’ve built their entire mission around helping the next generation of entrepreneurs snag their slice of Miami paradise. Let’s dive into how they’re rewriting the rules of lending!
Picture this: you’re a crypto investor with funds locked in a digital wallet, or an OnlyFans creator with income that doesn’t fit the typical mold. Traditional lenders might not even blink twice at your application. But Cornerstone First Mortgage? They’ve got over 500 loan programs up their sleeve to match every situation, no matter how unconventional.
Fajardo spills the tea on how they handle the quirks - like verifying crypto funds with just a screenshot when a wallet doesn’t show a name. For digital entrepreneurs and YouTubers, they’re cool with using 1099s and bank statements instead of W-2s. And for foreign nationals, who make up 80% of Sales Manager Sandra Priscal’s business, the process is a breeze with minimal paperwork and even remote closings.
'We’re here to make the impossible possible for our clients, whether they’re halfway across the world or just around the corner,' says Sean Cahan, President of Cornerstone First Mortgage.
What really sets Cornerstone apart isn’t just their knack for creative lending - it’s their sheer firepower. While the average bank might work with a handful of investors, Cahan proudly notes they’re partnered with 32. That means if a deal hits a snag, you’re not starting from scratch; their flexible structure keeps things moving smoothly.
This setup also lets them handle huge loan volumes and support developers without breaking a sweat. Cahan’s delegated underwriting authority ensures quick pivots, earning Cornerstone a rep for turning ‘no way’ into ‘let’s do this.’ It’s no wonder they’re a go-to for brokers like Andres Asion, who raves about their expertise in pre-qualifying buildings and sealing deals with ease.
Curious to see Cornerstone in action? They’ll be stealing the show at The Real Deal Miami Forum on November 5-6 at Mana Wynwood. Fajardo teases their booth will be the talk of the event - trust us, you won’t want to miss it. For more on how they’re changing lives, check out cfmtg.com and start dreaming big!