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Originally posted by coopercash

A mid-sized U.S based developer with a successful residential project history (SFRs and condos)in Costa Rica is offering up to 80% mortgage financing to QUALIFIED U.S. buyers seeking to purchase a 2nd home/vacation home in their upscale developments.

Mid FICO score is 700+ and, under Costa Rican law, U.S. buyers will be required to establish a non-resident Foreign Corporation status which will cost somewhere around $4,000. That requirement is mandated by the Government and is NOT negotiable. Current rates of interest are 8.25% and while amortization is over 20-years, the Notes are written in renewable 3 or 5 year "cycles".

Consideration also given to buyers wanting to purchase an existing SFR or condo purchased "off-site" but in an area that is predominantly an expatriate zone.

Also available... a "design/build/finance" Program for applicants seeking to construct their house in Costa Rica subject to a minimum $350K loan amount.

Developer about to release a "pre-construction" investor opportunity on a brand new development in San Jose, Costa Rica comprising 44 upscale townhomes and six detached villas each with its own swimming pool.

I have been retained by the Developer (Remasco International,Inc)to develop a network of Brokers who have clients seeking to finance home purchases in Costa Rica. Applicants must be able to provide 700+ mid FICOs and have STRONG liquid assets and reserves in addition to having sufficient equity in their U.S. primary residence. These are FULL DOC mortgages... in Costa Rica and in the Turks & Caicos Islands there is no such thing at SIVA/SISA or NINA!!

Remasco are also a major developer/builder in the Turks & Caicos Islands which is a popular Western Caribbean destination (between the Bahamas and Haiti) and under British jurisdiction. The TCI is noteworthy for three main reasons: 1) World-class sport-fishing; 2) Provides an excellent scuba-diving experience; 3) Is a major domicile for those seeking ZERO tax and Asset Protection benefits.

Home purchase and const-to-perm financing is also available through Remasco at 75% - 80% LTV and a minimum loan amount of $500K applies for either purchase or design/build contracts. In addition, TCI buyers are required to qualify for non-perm residency and may be required to establish status as an Exempt Foreign Corporation

While each applicant and transaction are subject to intensive review and underwriting due-diligence, a successfully funded loan can provide the referring Broker with a fee range 1% to 1.25% of funded loan amount.

If you have SERIOUS interest in participating in this Program please email your business name and contact information and an indication of potential deal volume for either Costa Rica or TCI.

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