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Updated 9 months ago on . Most recent reply
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Buying a Resort in Wine Country, Baja, Mexico
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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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