Property Information for Larger Costa Rica Financing Requests

Larger property financing requests need complete and current information so the property and individual file can be reviewed carefully.

Property and file review

GAP Equity Loans considers a property-backed financing request according to qualifying Costa Rica real estate and the individual file. No credit score is requested. Depending on the property and file, title information, lien details, planos, tax records, or proof of income may be requested.

For requests over US$1 million, additional property and file documents may be requested. The lender must receive first-lien position. If a property has an existing lien, it must be paid off before closing or as part of the financing at closing. In either case, the lender must receive first-lien position.

Request information

Requests start at US$50,000. For requests over US$1 million, additional property and file documents may be requested. Complete, current information supports an orderly review.

Not every document is required for every file; what is requested depends on the property and the individual request.

Terms and timing

Terms are six months to three years. Qualified files can close in about 10 days. Timing depends on the property and file and is not a promise for every request.

Traditional banks can involve strict requirements and lengthy processes. GAP Equity Loans handles qualifying requests professionally through closing.

Preparing a clear request

Start with an accurate property description and requested amount. Provide relevant title information, lien details, planos, tax records, or proof of income when they apply. Explain an existing lien early so first-lien position can be addressed.

Clear information supports a careful review and helps identify additional documentation when needed.

Frequently Asked Questions

What is the minimum request amount?

Requests start at US$50,000.

Does GAP Equity Loans request a credit score?

No credit score is requested.

What information may be requested?

Depending on the property and file, title information, lien details, planos, tax records, or proof of income may be requested.

What happens if there is an existing lien?

It must be paid off before closing or as part of financing at closing, and the lender must receive first-lien position.

How quickly can a qualified file close?

Qualified files can close in about 10 days.

Ready to discuss a property-backed financing request in Costa Rica? Contact GAP Equity Loans at +506 4001 6413, USA/Canada 855-562-6427, or info@gap.cr.

Article by Glenn Tellier (Founder of CRIE and Grupo Gap)