In August 2010, bank financing is finally available for qualified borrowers with favorable loan terms :
- 20 Year Amortization
- 7% Fixed Rate for 5 Years
- LTV Varies Based on Property Type and Location
However, bank underwriting guidelines are highly stringent and qualifying for a traditional mortgage remains difficult.
We specialize in private lender, hard money loans. We are capable of funding 1-3 year Costa Rica real estate loans in as little as 1 week, which meet the following parameters:
- Finished Construction Preferred
- Central Valley Properties Preferred
- 30% - 50% LTV
- Interest Only Payments
- Interest Rates Between 12-18%