Are there any international lenders

[Frances Magriz]

Does anyone know if there are lenders that would loan internationally? I would like to make a few purchases in the Dominican Republic. I am wondering if there are any lenders out there that would loan on something like this. Thank you.

[Joel F.]

@Frances Magriz best you go to a local bank in the Dominican Republic to purchase property. If you seeking international lenders they will ask you for assets in your current location to back up your loan. A local bank in RD will ask for 80% LTV new property or 70% LTV on used property. Interest rate on dollars is 6% and higher interest rate in pesos starts at 9% with Government and 12% with banks. The reason pesos interest is higher is because of the currency going up and down.

Banks

Banco Popular

Banco BHDLEON

Scotiabank

Banco Reserva

To name a few all these banks I mentioned are strict when it comes to financing.

If you have a new construction or need a builder let me know I am developing in the island. I can help you get good lawyers that will present your loans.

The banks is over crowded in some areas getting lawyer is best help for you.