$160,000 Investment in Hermosa Hills
Private Lenders Investor Alert
“Construction Loan in Hermosa Hills”
Earn 14% interest per year
Invest $160,000.00
Paid in Disbursements
Earn $1,866.67 per month
That is $22,400.00 per year
It is a 36 – month term loan
That is $67,200.12 in profits
DETAILS OF INVESTMENT IN HERMOSA HILLS:
Amount Requested: $160,000 USD
Term Desired: 3 years
Loan-to-Value Ratio 1: about 45% (based upon current valuation)
Loan-to-Value Ratio 2: about 26% (based upon estimated valuation at completion)
GAP Valuation 1: $350,000 (estimated current value)
GAP Valuation 2: $600,000 (once construction is completed)
Land Area: about 10,637.87 m2
Construction area: about 580 m2 (not including DECK construction)
Note: to be paid in disbursements determined by the advancement of construction.
Note: the borrower will show proof of project advancement and material purchases.
Property Location: Hermosa Hills, Puntarenas, near Playa Manzanillo
This collateral property is in the beautiful hills (Hermosa Hills) of Northern Puntarenas near Playa Manzanillo. The property is approximately 1.5 km from the beach, and it is a comfortable distance to travel by vehicle, bicycle, or foot.
Hermosa Hills/Playa Manzanillo are just 15 min 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.
Property Description: 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 the area.
- House #1 – is nearing completion
- House #2 – is roughly halfway to completion
- House #3 – construction has not yet started (an empty lot, separated by retainer walls)
- High-quality retainer walls separate the homes
- 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:
Image: Construction Area (House #1, House #2 and a vacant lot of House #3 w/ truck)
Image: House #1 (foundation)
Photo: House #1 (Cement Foundation)
Photo: Retainer Wall (Separating Properties – House #1)
Image: House #2 (Foundation)
Image: House #2 (Foundation + Retainer Wall View)
Image: House #2 (Cement Foundation)
Image: Retainer Wall (View of the backside of House #2)
If you are interested in this Investment in Hermosa Hills, CLICK HERE
Do not miss this chance – CALL NOW +506 4001-6413
Money lending is a fast-moving business, and we need lenders to understand that and make quick decisions. Keep in mind that borrowers may have already applied to other lending companies. Because of that, we try to close loans within a few days. (If we don’t, the competition will!)
Make safe, consistent returns by investing in Costa Rica each month by making a home equity loan in Costa Rica secured by a mortgage.
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Article by Glenn Tellier (Founder of CRIE and Grupo Gap)
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