About Us
CostaRicanLoans.com
was founded to fill a need for connecting investors who want high yields
from their money with people who need real estate loans for whatever
reason. We are a network of professionals who have varying backrounds in
the lending and financial industries. We have people located throughout
the country who can evaluate the properties and investors who live and
lend in various parts of the country as well.
As many foreigners
have found here, attaining loans from banking institutions is a very long
and ardous process and most banks do ot lend to foreigners and require
proof of income etc. Private loans from Costa Rican loan brokers tend to
range from 3 to 5% in colones and 5 to 10 points.
CostaRicanLoans.com
is not a lending institute nor are we regulated by Sugdev???, The Costa
Rican Institute that regulates all financial entities in Costa Rica. We
simply put investors together with borrowers. All legal documents and registration
of the loans are performed by lawyers as in accordance with Costa Rican
law. We recommend that you have your lawyer review any documents before
you sign them so that you can feel assured that all documents are drawn
in accordance to the law.
We are very
selective about the people that we choose as investors as well as the properties
that we choose to fund.
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Photo copy of yhe
owner's passport or cedula.
-
Copy of the plano
castrado (plot map) of the property.
-
Letter of intent
signed by the borrower describing the reason for refinancing and the intended
use of any cash out.
-
Photo copy of the
trespaso document that describes the property and the purchase that you
received when you purchased the property.
-
Signed loan application.
Click here to download the application
