Wondering What To Do With Your Cash?
Earn 9% to 16% annually — secured by Costa Rica real estate. First-position mortgage. Terms from 6 months to 3 years. US dollar loans.
GAP Investments connects private lenders with qualified Costa Rica real estate borrowers. Review property-backed opportunities with clear terms, due diligence and lender protection built into the process. Private lending carries risk; returns and repayment are not guaranteed.
A Conservative Approach Starts With The Right Loan
GAP encourages lenders to consider opportunities near the 9% end of the range, supported by lower loan-to-value, suitable property and a clear repayment plan. Competitive terms can attract borrowers, but loan availability and time between investments vary. Assess each opportunity on its full merits; the interest rate alone does not establish safety.
Higher return potential on more complex situations. Fewer qualifying deals. Better suited for experienced lenders with a clear risk appetite and patience between transactions.
GAP favors conservative opportunities with lower LTV, strong property fundamentals and a realistic repayment plan. Review each loan individually; neither income nor continuous placement of capital is guaranteed.
Balanced risk and return. Good deal flow. Suitable for lenders with some private lending experience and a clear understanding of their risk tolerance.
Your Capital Is Secured By Real Property
Every loan is secured by a first-position mortgage registered against Costa Rica real estate. Conservative loan-to-value means the borrower has significant equity at stake — and you have significant protection.
Every GAP lender must hold first-lien position. GAP never arranges second-position loans. Any existing mortgage must be paid off before or at closing so the new lender holds first-lien position. If a borrower defaults, recovery depends on the signed documents, applicable enforcement process and the property. Ownership and full repayment are not automatic.
GAP prefers borrowing around 30% of property value or less, with 50% the maximum considered. Lower LTV provides a larger equity cushion, but property value, costs and the repayment plan still matter.
Loans are denominated in US dollars. If your savings or spending are in another currency, exchange-rate changes can affect their value to you. Dollar denomination does not remove lending or property risk.
Thousands of North Americans and Europeans own property in Costa Rica and need private financing. That demand keeps deals flowing to GAP lenders.
Led By Someone Who Has Done This For Decades
GAP Investments is led by Glenn Tellier and the Grupo GAP team, who have been structuring private real estate financing in Costa Rica for years. Every deal is reviewed for collateral, structure, documentation, and closing quality before a lender is introduced to it.
You do not need to understand Costa Rica law, the property registry, or the local lending process. GAP handles the due diligence, legal structure, and closing so you can focus on your return.
Glenn Tellier — Founder
Decades of financing experience in Costa Rica private lending, structuring deals that protect lenders first.
Three Steps To Earning In Costa Rica
The process is designed to keep things clear before any capital is committed.
Tell Us Your Appetite
Share how much you want to lend, your preferred rate range, and your ideal term length. GAP matches you to qualified borrowers.
Review The Deal
GAP presents the property, loan amount, LTV, borrower request, and proposed terms. You decide whether to proceed.
Close And Start Earning
GAP handles the legal structure, registration, and closing. You are placed in a first-lien position and begin receiving monthly interest.
Insights for Costa Rica Private Lenders
Practical guides on how lending works, what protects your capital, and how to evaluate opportunities in Costa Rica’s private credit market.
Mortgage or Guarantee Trust: Which Suits the Lender?
Both instruments work; they suit different situations. Here is how to choose the structure that fits your position and the loan.
Investment Opportunities in Central America: Why Costa Rica Is Different
The differences between Costa Rica and its neighbors are material for anyone deploying private capital — here is what separates the market.
Lending for Commercial Real Estate in Costa Rica
Commercial files are different from residential. Here is what changes in the underwriting, the structure, and the risk profile.
Costa Rica real estate investing — backed by the full GAP network
GAP Real Estate
Browse current Costa Rica property listings. GAP Real Estate sources many of the properties that GAP Investments finances — see the market you are lending into.
GAP Equity Loans
For property owners who need capital. GAP Equity Loans is the borrower-facing side of the same lending operation — bridge loans from $50K secured by Costa Rica real estate.
CRIE — Costa Rica Immigration Experts
Your investment in Costa Rica real estate may qualify you for residency. CRIE handles the legal process with 20+ years of DGME expertise.
Grupo GAP
Grupo GAP is the parent company of GAP Real Estate, GAP Equity Loans, and GAP Investments, connecting the group’s real estate and financing services in Costa Rica.
Ready To Put Your Capital To Work In Costa Rica?
Whether you are new to private lending or an experienced capital deployer, GAP can match you to the right loan at the right rate. Tell us your range and we will show you what is available.
Contact GAP Investments
View Lending Opportunities
Questions?
WhatsApp: +506 4001 6413 | USA/Canada: 855-562-6427 | info@gap.cr
Standard Loan Valuation And Lender Payments
Who determines the property value?
GAP determines the property value used to calculate LTV, with input and acceptance from the lender. The borrower’s estimate does not determine the approved value or loan amount. Any calculator result is an illustration until GAP and the lender complete their review.
The lender’s agreed rate
For standard private loans, lenders receive the agreed annual rate without GAP fees deducted. A loan agreed at 12% pays the lender 12%; one agreed at 16% pays 16%. Borrowers pay all loan-related fees and costs. This does not describe an after-tax return or guarantee payment.
Early repayment
Early repayment carries a penalty. The amount and conditions vary by lender and will be explained when GAP reviews your proposed loan terms with you.
These are standard property-loan guidelines. Major-project financing from US$50 million is assessed separately.