Private lending for RE investment in Colombia?

[Timothy Vance]

I know the website is almost exclusively focused on US markets, but I'm currently living in Colombia and I am amazed by what I'm seeing here. There is A LOT of potential. The city where I'm staying (Medellin) has a vibe that reminds me of what Austin and San Francisco had 20+ years ago. I would regret not capitalizing on this ...

Which is why I'd like to look into private lending. I have two budgets in mind (big and small). I have enough assets (albeit illiquid) to fully collateralize a loan for my smaller budget.

I'm currently putting together a team of lawyers, folks who work for the government, and architects, I just need the financing to move quickly on some properties.

I appreciate any and all insight, suggestions, or referrals you could make. Thank you!

[Mike Lambert]

If you want to get a loan in the US, you'll have to give collateral in the US. I'm not sure about what you mean by illiquid collateral. Lenders don't like that for obvious reasons but, depending on the definitions, real estate can be considered as illiquid but is acceptable.

If lenders lend to you based on US collateral, they mightn't care too much about your Colombian project or whatever else you might do with the money, like banks don't care that much with a HELOC. The issue though is that private lending is generally short-term.

What you'd be looking for comes down to a loan purely based on collateral. Not sure if private lenders do that. If I was one, I'd ask you to pay me a sky-high interest rate given that I can lend on a US project at a high interest rate and on a short-term basis so I'd have no other incentive to lend to you.