Posted by j robert shannon

In Reply to: Hard Money to Lend posted by Lisa Vincent lisa93667@yahoo.com

We are Pegasus first Mortgage in Costa Rica. We are starting
a first mortgage business here that falls into the category
of Hard Money. The rates we charge are 12.5% to 15% depending
on the property. Max 50% loan to value, Interest only, only
high turnover areas and all titles registered directly
to the investor. Titles all insured by Stewart Tilte. Funding
from you would be through the Stewart Escrow account.
Banks are short of foreign exchange here and are very stiff
with their lending criteria. They wont do loans to non residents
or to people who cannot show income in Costa Rica. It takes them
a long time to approveas well. We view this as a perfect opportunity for
someone to disfragment the business here and set up a very profitable
mortgage business to fill this great void. Currently there are any number of
people offering loans from 12 to 18% with varying and different points.
In most cases it is dificult for them to come up with the money for big deals.
This is a very stable Country and for over 50 years. This is a very serious
opportunity and I hope you will care to discuss thisin some detail by telephone with
me. We do Interest only up to 3 years by the way.
If you will go to pegasusfirstmortgage.com you will see the program totlly.

Please do not categorize Costa Rica with other Central American countries. It is the Jewel of
the area as far as government and Law goes.

Robert Shannon

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