Thinking of buying property for future rental in Las Terrenas, Samana.
Investment looks good enough, but my question to DR1ers is the following: From your vast experience what are the most efficient ways to finance a RE acquisition in DR.
Are local banks competitive in USD? All in rates are in the 7% to 9% range, which is a bit on the high end.
On the other hand, have DR1ers financed RE in DR with US banks? Can you share tidbits from that process?
Looks like foreign banks are the way to go here, but just looking for general input.
25% to 30% down payment isn't an issue, the point here is maximization of capital!
Investment looks good enough, but my question to DR1ers is the following: From your vast experience what are the most efficient ways to finance a RE acquisition in DR.
Are local banks competitive in USD? All in rates are in the 7% to 9% range, which is a bit on the high end.
On the other hand, have DR1ers financed RE in DR with US banks? Can you share tidbits from that process?
Looks like foreign banks are the way to go here, but just looking for general input.
25% to 30% down payment isn't an issue, the point here is maximization of capital!