The Due Diligence Checklist for Project Financing in Costa Rica

GAP Equity Loans handles property-backed financing requests involving qualifying Costa Rica real estate. Requests start at US$50,000. Terms are six months to three years. A request is considered according to the individual property and loan file.

Financing uses qualifying Costa Rica real estate and the lender receives first-lien position. No credit score is requested. Qualified files can close in about 10 days. Lender rates are generally similar to Costa Rica bank rates for foreigners and expats.

Property and Lien Considerations

Financing uses qualifying Costa Rica real estate and the lender receives first-lien position. A request is considered according to the individual property and loan file.

If a property has an existing lien, it must be paid off before closing or paid off at closing. In either case, the lender must receive first-lien position.

Supporting Documents

Depending on the property and individual loan file, supporting documents may be requested. Possible documents include title information, lien details, planos, tax records, and proof of income. No individual document is required for every request.

A request is considered according to the individual property and loan file. Depending on the property and individual loan file, supporting documents may be requested.

Request Terms and Timeline

Requests start at US$50,000. Terms are six months to three years. A request is considered according to the individual property and loan file.

Qualified files can close in about 10 days. GAP Equity Loans provides professional handling throughout the closing process.

Lender rates are generally similar to Costa Rica bank rates for foreigners and expats. No credit score is requested.

Traditional Bank Processes

Traditional banks can involve strict requirements and lengthy processes. Lender rates are generally similar to Costa Rica bank rates for foreigners and expats.

GAP Equity Loans handles property-backed financing requests involving qualifying Costa Rica real estate. Qualified files can close in about 10 days. GAP Equity Loans provides professional handling throughout the closing process.

Professional Handling

GAP Equity Loans provides professional handling throughout the closing process. A request is considered according to the individual property and loan file.

Depending on the property and individual loan file, supporting documents may be requested. Possible documents include title information, lien details, planos, tax records, and proof of income. No individual document is required for every request.

GAP Equity Loans handles property-backed financing requests involving qualifying Costa Rica real estate. Financing uses qualifying Costa Rica real estate and the lender receives first-lien position.

Frequently Asked Questions

What is the minimum request amount?

Requests start at US$50,000. A request is considered according to the individual property and loan file.

What term lengths are available?

Terms are six months to three years. A request is considered according to the individual property and loan file.

Is a credit score requested?

No credit score is requested. A request is considered according to the individual property and loan file.

How long does closing take?

Qualified files can close in about 10 days. GAP Equity Loans provides professional handling throughout the closing process.

What happens if the property has an existing lien?

If a property has an existing lien, it must be paid off before closing or paid off at closing. In either case, the lender must receive first-lien position.

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@gapequityloans.com.

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