Are you in need of great returns on your investments? Costa Rica’s Equity Loan sector may be for you!
Gap Investments, a well-known and trusted broker of secured equity loans, shared information about a successful equity loan they brokered for one of their private investors:
“Once again, one of our mortgages paid out in just under a month, with a 6-month minimum interest clause (prepayment penalty). On the lender’s $80,000.00 investment, that made for $4,000.00 of profit in less than 30 days! The idea now is to place it, immediately with the same developer at 12% per year, for two years. That equates to 18% for this year and 12% for next year. If another early payout happens, then the great returns will be even more impressive.
Some lenders tell us that they are not interested in short-term loans or bridge loans. This is not all that we offer when we work with established developers. Think of it as a series of bridge loans, back-to-back, in order to generate these great returns. We want your money working for you consistently, not sitting idle waiting for that perfect 15%, 3-year term with 10% LTV (Loan to Value).
This was one of the developer loans we have been promoting over the last year. Many of these loans will not pay out early, but some do. This is the second time this has happened this year. It is a bit of the luck of the draw.
Regardless of the timing of the payout, all the developers that we work with have an excellent track record with their monthly payments to our lenders. This speaks volumes. Always keep in mind that we do many other types of mortgages, as you can see in our investor alerts.”
The Costa Rica Mortgage Market Overall
There are many people looking for loans, and they are processed on a daily basis.
A growing economy presents many lucrative opportunities for local and foreign investors. Due to the lack of flexibility of the national bank system, there is still an important market for secure loans in Costa Rica. A lot of borrowers look for “bridge capital” to start up lucrative residential or other construction projects, or simply to get some cash from their home (equity release).