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Updated 11 months ago on . Most recent reply

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11
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Abraham Pereda
  • Investor
  • San Diego, CA
2
Votes |
11
Posts

Buying a Resort in Wine Country, Baja, Mexico

Abraham Pereda
  • Investor
  • San Diego, CA
Posted

Hello I recently bought a resort in Valle de Guadalupe, Mexico, wine country 1 hr drive from San Diego, CA. I had owner finance $3,000,000 dollars, 4% interest rate, 10 year term. The resort is in a 7.7 acre land, has a hotel with 30+ rooms, restaurant, bar, wine cellar, vineyard, cabins, pool, event venue, etc. 

I am looking for additional capital to invest in remodeling, where can I get some funding if the property or business is in Mexico? 
If I move the business and taxes to the USA through an LLC, would that be a smart move to get funding and better interest rates than Mexico's banks, even though the property is in Mexico?
I am even considering partnering to accelerate growth. I have worked the business for 1.5 years and know the market...

Most Popular Reply

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6,199
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Dan H.
#3 Real Estate Technology Contributor
  • Investor
  • Poway, CA
7,186
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6,199
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Dan H.
#3 Real Estate Technology Contributor
  • Investor
  • Poway, CA
Replied
Quote from @Abraham Pereda:

Hello I recently bought a resort in Valle de Guadalupe, Mexico, wine country 1 hr drive from San Diego, CA. I had owner finance $3,000,000 dollars, 4% interest rate, 10 year term. The resort is in a 7.7 acre land, has a hotel with 30+ rooms, restaurant, bar, wine cellar, vineyard, cabins, pool, event venue, etc. 

I am looking for additional capital to invest in remodeling, where can I get some funding if the property or business is in Mexico? 
If I move the business and taxes to the USA through an LLC, would that be a smart move to get funding and better interest rates than Mexico's banks, even though the property is in Mexico?
I am even considering partnering to accelerate growth. I have worked the business for 1.5 years and know the market...


 That seems like a lot of money in Mexico.  I am sure it is awesome, but valuations are very different in Mexico.

On BP @mike lambert is one of the most knowledgeable on investing in Mexico.   Maybe connect with him and pose the question.  I suspect there will be no easy way to get additional financing using the property.  You best choice may be a secured loan in the US.  

Good luck

  • Dan H.
  • Loading replies...