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Updated about 5 years ago, 11/02/2019

Bob Green's profile image
Bob Green's profile image
Bob Green
  • Lender
  • from Mokena, IL
  • Member since Oct 20, 2014
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User Stats

1,251
Posts
261
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Bob Green's profile image
Bob Green's profile image
Bob Green
  • Lender
  • from Mokena, IL
  • Member since Oct 20, 2014
Connect
Bob Green
  • Lender
  • Mokena, IL
261
Votes |
1,251
Posts
Short-Term & Vacation Rental Discussions

Vacation Rental - Developer Financing - Mexico or Overeas

Bob Green
  • Lender
  • Mokena, IL
Posted

Hello All,

Any one out there have any experience with new construction - vacation rentals in Isla Mujeres or other tourist areas of Mexico? I  have been negotiating a deal and developer is offering financing.  The developer is asking for 25% down now and 25% at completion of property. They will finance the remaining 50% over 5 years. The rate is 9%. Wondering who out there has gone through the entire process and willing to discuss with me.

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