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$325,000 Equity Loan Playa Hermosa Property Construction

$325,000 Equity Loan Playa Hermosa Property Construction

Earn 14% Interest Per Year!
Invest $325,000.00 (Fees Included),TODAY,
and you will earn $3,792.00 per month.

That’s $45,500.00 per year!

That’s $136,500.00 for the term of the loan!

 

With an I.N.S. appraisal of $900,000.00 upon completion and borrowers average annual bookings equal to the loan amount for the last 7 years…
IT MAKES THIS, ONE OF OUR BEST LOANS OF THE YEAR!

 

Property Loan Details

This is a second request from a month ago. The reason for this is simple, the lender that was interested was unable to get the amount needed to complete the home. Work has continued, increasing the value of the property and reducing the amount needed by the borrower.

We recommended to the borrower that he increase the interest rate as it the second request.

Amount Requested: $325,000.00 US dollars

The borrower is willing to pay 14% Interest per year.
Loan-to-Value Ratio: 46% (until competed and then reduced to 42%)
Term Desired: 3 years
Fire Sale Price: Currently $700,000.00 ($750,000.00 when completed in 2 months)
Home Dimensions:410 m2,
Land Dimensions: 1000+m2

Property Location and Description:

This is a renovated Luxury Air BnB property with 16 rooms and full baths located in gated community in Hermosa Beach, on the beach.. This property has great interior decor with luxury finishings and it will cater to the wealthy clientele that prefers amenities such as full-time personal staff, tours, airport pickup and hourly shuttles to nearby attractions in Jaco Beach.

This borrower’s company has over 7 years experience in Costa Rica. They have a proven financial track record with an annual income that is almost equal to the requested loan amount.

Note:

Reservations for the property have already started for December and into 2019.

 

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PROPERTY PHOTOS

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