Construction loan
Build without stopping the works.
Keep the works going while the sale or long-term financing arrives. The property is the collateral; the sale or a refinance is the repayment plan.
No commitment. Preliminary answer within 24 business hours.
- Maximum amount
- Up to 50% of appraised value
- Funding
- 7 to 15 business days
- Term
- 2 years
- Loan size
- $50,000 to $1,000,000
Ideal for
“The build is halfway done and the bank loan still hasn’t come through.”
“I have the land and the permits; I need capital to get started.”
“I need to finish the project before I can sell.”
Terms
- Maximum amount
- Up to 50% of appraised value
- Loan size
- $50,000 to $1,000,000
- Term
- 2 years
- Interest rate
- 12% to 15% a year
- Preliminary answer
- 24 business hours
- Funding
- 7 to 15 business days
- Collateral
- Any property in Costa Rica, first-position mortgage
- Repayment
- Interest only during the term; principal at the end
Subject to appraisal and title review. A bridge loan costs more than a bank loan and is short-term: what you gain is speed.
What we need
- For the initial evaluation, just the property’s registry number or cadastral plan.
- Your repayment plan: how and when the loan gets repaid.
- To close, we tell you which documents your case needs.
How it works
Tell us about your situation
Two minutes, online or on WhatsApp.
Get a preliminary answer
Within 24 business hours we tell you whether it fits.
Appraisal and title review
We appraise the property and review its title.
Signing and funding
Signing and funding within 7 to 15 business days of your request.
A preliminary answer is not an approval: approval depends on the appraisal and the title review.
Frequently asked questions
How much can I get?
Up to 50% of the property’s appraised value, between $50,000 and $1,000,000 per loan. Illustrative example: with a property worth $400,000, the loan can be up to $200,000. If you need more, send us the case and we will review it together.
What are the terms and how is it repaid?
The term is 2 years. During that time you pay interest only, and the principal is repaid in a single payment at the end, usually from the sale of the property, a refinance or the project’s cash flow.
What if my property does not sell in time?
We talk with you and the investors to reach a new agreement, such as an extension or a refinance. That is why we review a realistic repayment plan with you from the start.
What does it cost? Is it more expensive than a bank?
Yes, a bridge loan costs more than a bank loan. The rate is 12% to 15% a year, and the borrower pays the origination fee and the appraisal, legal and registration costs. In exchange, the money arrives in days, not months.
Tell us what you need to solve.
Takes less than 2 minutes.
No commitment. Preliminary answer within 24 business hours.
Prefer to talk?
Chat on WhatsApp