Incidentally, what I posted is how home loans work in most countries on the planet, the kiddy-glove 30YF is the exception globally, not the norm.For a new and inexperienced developer, banks don't currently have appetite, so model your numbers on a hard money loan at 12% to 15% (I do not offer these).

And, seeing that no lawyer has chimed in, I’d like to offer some “entertainment:”I previously provided a link to the pertinent law, which I believe to be current.

Hey Arron, What are they offering that you are uneasy to work with them? 

With booming industries, significant business investments, a thriving tourism sector, and new tax incentives, the region offers a unique combination of opportunities that are hard to find elsewhere.

@Steven Belter I met with another WI investor who has purchased raw land in Belize that he is thinking about building a high end home as a primary home that he would also rent out. 

no more than 10k ever Well, the thing is I can't find a honest plumber to do the quality work, and that's the main issue. 

Due to multiple offers, we paid cash, but have a mortgage on our primary. 

For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.

Whenever I do any google searches I don't see any rates that high.

I posted about the head scratching returns this company was offering in the past as they were alleging 10% per quarter - yep that’s 40% annualized and they would let it compound$300M raised - why?