DSCR loans for International Real Estate / Dominican Republic

[Maura Winkler]

Hello, we are looking to invest in Dominican Republic, specifically the Las Terrenas area. We're looking to buy first or second line on the beach, potentially purchasing land and doing a new build. I am wondering if anyone is aware of any DSCR loans that will finance construction internationally. As far as I am aware, there are minimal options for financing in Dominican Republic--either Scotia Bank or a local Dominican bank. Both require a large down payment (50% or more) and it seems will not finance land/new construction. We have equity lines on properties in the US so we could pull out some equity, but would prefer to finance as much as possible.

[Robin Simon]

Quote from @Wilson Feliciano:

Quote from @Ko Kashiwagi:

Hi Maura,

Do you have a US credit, US based LLC and US bank account? We have DSCR loans (non-construction) for foreign nationals. The leverage is a little lower and rates may change, but a DSCR is still possible provided you qualify.

Im interested in knowing more about DSCR loans (non-construction) for foreign nationals. Can you provide details, thanks. 

Feel free to send me a DM. 

The "DSCR Loan" product is going to be strictly for US based properties - for international real estate will have to look for other options