Investment properties in Mexico!

[James J Young]

After moving to Cancún I found a 3 apartment deal fully furnished already cash flowing on ABNB for $115,000. We have been able to raise $70,000, which leaves us needing an additional $45,000. Part of the funds we have raised is with a loan through a Mexican bank @ 9% APR. I have the other part of the funds through a loan and savings. I'm Looking into DSCR but am not sure if they'll do cross border lending. Also I have a low income about $2000/month. Any suggestions on how I could raise the other funds would be helpful. Moxi's min loan is $250,000 with like 30%-40% down.

[Charlie MacPherson]

You might look for a bank that does business in both countries.  For example, I'm working with a guy who is both a Canadian and Jamaican citizen.  

He wants to buy a business I have listed, but both USDA and SBA (the most common funding methods) require the borrower to have a green card or to be a US citizen.

I suggested that he contact TD (Toronto Dominion) Bank, which he did, as they are a Canadian bank that does business in both countries. They have approved the loan, pending a signed P&S.