The magazine for all things Ixtapa-Zihuatanejo
Serving the Ixtapa-Zihuatanejo community since 1999
Available at select spots all across Ixtapa-Zihuatanejo
The magazine for all things Ixtapa-Zihuatanejo
Serving the Ixtapa-Zihuatanejo community since 1999
Available at select spots all across Ixtapa-Zihuatanejo
Real Estate NewsCS Financing now offering Real Estate financing for foreigners in Ixtapa-ZihuatanejoBased in Beverly Hills, CA, CS Financial is an established mortgage banker having placed over $1.6 billion dollars in United States mortgages in 2005. One of the nations leading providers of residential and commercial mortgage debt, CS Financial’s wide ranging experience, the unprecedented growth of their target market - together with a solid business strategy, supports their contention that they will be the premier provider of construction and permanent debt to the Mexico residential market. The coveted coastline of Mexico, now available for foreign investment, is experiencing a dramatic growth in development, which has been described as a “real estate boom” by the San Diego Union-Tribune, and is expected to last well into the next decade. The boom has brought world-class resort hotels, Mexico’s famed architects, a community of high profile developers, and a massive outlay of infrastructure by the Mexican government. The real estate market has become prolific, with about 1.5 million Americans now owning property worth $5 trillion dollars in Mexico. In the past the barriers to foreigners owning property along the Mexican coastline included: Mexico’s political instability, the peso devaluation, capital gains/tax issues, concerns about corruption, title issues and the lack of verifiable sales data. The surge in the real estate market of late is due to the fact that these risks no longer exist or are mostly mitigated by the benefits of owning in Mexico including: previously unavailable secure ownership instruments, continued stability of the government, solid value for the dollar, availability of title insurance, lower cost of living, lower health care costs, familiar consumer amenities, proximity to the US, optimum weather, continued infrastructure improvements, quality of construction and the repatriation of Mexican American citizens, to name a few. CS Financial has established a business division dedicated to the Mexico market. Utilizing an aggressive approach the company has created a network of real estate agents, developers and builders who are currently directing their buyers to CSF for their mortgage needs. Through these associations and strong pre-opening marketing, CSF has positioned itself to be the source of construction and take out financing in the Mexican marketplace. The Mexican market has only recently seen US style and term mortgage lending. As an American you can now finance your property in Mexico through a traditional US mortgage. Construction loans, take out loans, 30, 20, 15 year amortization loans, fixed and adjustable rate mortgages, full documentation or Alternate documentation loans. Credit guidelines and loan terms for both the Construction Lending Program and the Permanent Lending Program are designed to interact with one another. Construction loans are credit underwritten to meet permanent financing guidelines, and thus provide the exit, or payoff strategy. |
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