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$160,000 Construction Loan Opportunity Hermosa Hills

PRIVATE LENDERS INVESTOR ALERT

CONSTRUCTION LOAN OPPORTUNITY!

Earn 14% Interest Per Year!

Invest $160,000.00 (Paid in Disbursements)
and you will earn $1,866.66 per month.

LTV ~ 45% (based upon current valuation)
LTV ~ 26% (based upon estimated valuation at completion)

That is $22,400.00 per year.
This is a 36-month term loan.

That’s $67,200.00 for the term of the loan!

 

Construction Loan Details

Amount Requested: $160,000.00 USD
Note: to be paid in disbursements determined by the advancement of construction.
Note: the borrower will show proof of project advancement and proof of material purchases.


GAP Valuation: $350,000 USD (estimated current value)
LTV Ratio: ~45% (based upon current estimated value)

GAP Valuation: $600,000 USD (once construction is completed)
LTV Ratio: ~26% (based upon estimated valuation at completion)


Term Desired: 3 years

Construction area: ~ 580 m2 (not including DECK construction)
Land Area: ~ 10,637.87 m2

Property Location

HERMOSA HILLS, PUNTARENAS, COSTA RICA (Near Playa Manzanillo)

This collateral property is in the beautiful hills (Hermosa Hills) of Northern Puntarenas near Playa Manzanillo. The property is approximately 1 1/2 kilometers from the beach, and it is a comfortable distance to travel by vehicle, bicycle or foot.

Hermosa Hills/Playa Manzanillo are just 15 minutes north of the touristic areas of Playa Hermosa and Playa Santa Teresa. Hermosa Hills is easily accessible by driving along Highway 160, and you can take a ferry from Puntarenas to either Parquera or Playa Naranjo. Additionally, a person can catch a flight from the capital city of San José or Liberia to the town of Tambor and then continue by vehicle.

Photo: Map of Hermosa Hills/Playa Manzanillo (Street View)

Photo: Map of Hermosa Hills/Playa Manzanillo (Satellite View)

Photo: Map of Hermosa Hills/Playa Manzanillo (Province View)

Loan Notes:

This equity loan is to complete the construction of (3) rental properties that will be used to fulfill the growing need for more quality vacation-stays in area.

  • [house #1] – is nearing completion.
  • [house #2] – is roughly half-way to completion.
  • [house #3] – construction has not yet started (empty lot, separated by retainer walls)
  • The homes are separated by high-quality retainer walls.
  • Full construction plans completed. (available upon request)
  • ALL permits are in order. (available upon request)

The monthly projected rental income is $12,000. The breakdown for the income is:

  • $6,000/month (main house)
  • $3,000/month (two smaller houses)

The annual projected rental income is $144,000.

Below are photos of the construction project in its early stages:

Photo: Construction Area (House #1, House #2 and vacant lot of House #3 w/ truck)

Photo: House #1 (foundation)

Photo: House #1 (Cement Foundation)

Photo: House #1 (Interior Cement Foundation)

Photo: Retainer Wall (Separating Properties – House #1)

Photo: House #2 (Foundation)

Photo: House #2 (Foundation + Retainer Wall View)

Photo: House #2 (Cement Foundation)

Photo: Retainer Wall (View of backside of House #2)

 

The Hermosa Hills (Video)

Below is a video showcasing the amazing view from the property.

THIS IS ANOTHER GREAT LOAN OPPORTUNITY OF 2021!

CONSTRUCTION PHOTOS

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