Can a US citizen secure a mortgage loan from a Japanese bank for residential or commercial use in the US?

I am researching the topic for a project at school. I thought with the dawning of the computer age, repayment of the loan would be feasible via the internet. But is the process legal? And would any Japanese bank agree to it?

Answers:
You can borrow money from whomever you want to. Now you just have to find someone to lend it. Generally speaking banks like to loan money for properties they are close to because they can make sure there is no scam. Of course they send in appraisers but they have to have some in the local area that they trust. If it is large enough, things are pretty much borderless. Money flows where it is needed most. For this reason large scale commercial loans would be easier.
It would be perfectly legal if you can find a bank willing to do it. However, banks usually like to lend only in areas where they are already doing business, so that they can keep abreast of the market, and also so that if the loan goes sour they have somebody nearby to work on the problem. Check the yellow pages in your area for banks with Japanese names.

The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.


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