{"id":17974,"date":"2019-07-24T10:32:07","date_gmt":"2019-07-24T15:32:07","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/blog\/?p=17974"},"modified":"2019-07-24T10:41:28","modified_gmt":"2019-07-24T15:41:28","slug":"co-financing-in-mexico","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/","title":{"rendered":"Co-Financing in Mexico to Purchase Real Estate"},"content":{"rendered":"<p>As Mexico\u00e2\u20ac\u2122s real estate market continues to offer great investment opportunities, creative financing is becoming much more trendy. Up to now, most foreign real estate transactions are cash deals. There are very few Mexican banks that offer loans to foreigners. And if they do, they are short-term with a higher interest rate. They also require up to 50 or 60 percent down. Besides, the length of the loans usually doesn\u00e2\u20ac\u2122t extend more than 10 years. With these types of terms, most purchasers will prearrange their financing before closing. Many investors will utilize the following sources to secure funding.<\/p>\n<ul>\n<li>One of the more common funding sources is to cash out an IRA or retirement account.<\/li>\n<li>Another option is to leverage assets in their home country. It includes using a HELOC (Home Equity Line of Credit) \u00e2\u20ac\u201c taking equity out of a personal or investment property.<\/li>\n<li>You may also choose to liquidate hard assets that supply enough cash to fund the new investment.<\/li>\n<li>A well-established business or successful investor can work with their bank to take out a loan. They usually have to secure the loan with absolute collateral.<\/li>\n<\/ul>\n<h4><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18030\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/rawpixel-567016-unsplash-300x200-1.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/rawpixel-567016-unsplash-300x200-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/rawpixel-567016-unsplash-300x200-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>Co-financing in Mexico<\/h4>\n<p>Of course that any of the above methods could interrupt your portfolio\u00e2\u20ac\u2122s balance. However, there is another way to acquire financing for your property. And that is by applying for co-financing in Mexico. In other words, two Mexican financial institutions will work together in lending you the money to accomplish your financial needs. Both lenders use the same information to qualify the loan. The agreements may differ slightly in terms, but both institutions will fund, in parts, the borrower\u00e2\u20ac\u2122s requested amount. As an example, you could consider using co-financing in Mexico to purchase any of these two available properties. They are currently for sale in the Riviera Maya<\/p>\n<h4>Ipana<\/h4>\n<p>First, this property is a pre-construction condo in Little Italy. It is\u00c2\u00a0<em><a href=\"https:\/\/www.topmexicorealestate.com\/playadelcarmen-real-estate\/b-property-detail-playadelcarmen.php?propId=21162&amp;art=blmls21162_240719&amp;web=blog\">Ipana<\/a>,<\/em>\u00c2\u00a0at Siempre Playa, one of the newest and most luxurious developments in the heart of Playa del Carmen. This particular offering is for a 1 bedroom \/ 1 bathroom condo. Besides, this master crafted project is one block from 5th Avenue with all its 5-star restaurants, a variety of shopping and nightly entertainment. Continue to stroll for another 5 minutes to some of the most beautiful white sugar-fine sand beaches to admire the turquoise water of the Caribbean Sea.<\/p>\n<p><em>Ipana<\/em> offers resort-style amenities such as:<\/p>\n<ul>\n<li>A welcoming lobby<\/li>\n<li>6 Convenient elevators<\/li>\n<li>3 pools: for children, for adults and semi-Olympic<\/li>\n<li>A gym, spa and kid\u00e2\u20ac\u2122s club<\/li>\n<li>A sky bar with a lounging area<\/li>\n<li>Underground parking, resident-only space, and professional landscaping.<div id='gallery-1' class='gallery galleryid-17974 gallery-columns-3 gallery-size-full'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/5d668615c3b9899cb2d5166585e3f3e4682ad002-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/5d668615c3b9899cb2d5166585e3f3e4682ad002-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/5d668615c3b9899cb2d5166585e3f3e4682ad002-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/5d668615c3b9899cb2d5166585e3f3e4682ad002-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/d6cb379ff8d0cae160477171cefa82523cecc274-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/d6cb379ff8d0cae160477171cefa82523cecc274-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/d6cb379ff8d0cae160477171cefa82523cecc274-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/d6cb379ff8d0cae160477171cefa82523cecc274-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/a2d1c9458bbf8459cc53428ac8a9eb8002ca2d26-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/a2d1c9458bbf8459cc53428ac8a9eb8002ca2d26-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/a2d1c9458bbf8459cc53428ac8a9eb8002ca2d26-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/a2d1c9458bbf8459cc53428ac8a9eb8002ca2d26-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n<\/li>\n<\/ul>\n<p>It is a fabulous opportunity to own a piece of paradise. But with the additional perk that the developer is offering a five-year financing plan at an exceptionally low-interest rate. Hence, it would be a great occasion to own a property in Mexico finally.<\/p>\n<h4>Serenada<\/h4>\n<p>Also, if you are looking for more space, <em><a href=\"https:\/\/www.topmexicorealestate.com\/playadelcarmen-real-estate\/b-property-detail-playadelcarmen.php?propId=21165&amp;art=blmls21165_240719&amp;web=blog\">Serenada<\/a><\/em>\u00c2\u00a0offers a 2 bedroom \/ 2 bathroom condo with a lock-off system. Great for investment purposes, this contemporary styled condo provides a sophisticated ambiance and a well-designed space. Additionally, the development has 5-star amenities including a lobby, 2 elevators, a pool at the rooftop, a sky bar and gym. Furthermore, it has a shopping center, a kids club, and underground parking.<\/p>\n<p>The developer is offering exceptional financing terms as well. It\u00e2\u20ac\u2122s not often that financing of any type is available for foreign buyers in Mexico. If the buyer has the capital to put down, the funding can be a viable option to complete the transaction. Therefore, why not use affordable short-term financing if the payments are manageable?<\/p>\n<div id='gallery-2' class='gallery galleryid-17974 gallery-columns-3 gallery-size-full'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/ipana-2-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-2-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-2-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-2-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/ipana-3-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-3-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-3-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-3-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.topmexicorealestate.com\/blog\/2019\/07\/co-financing-in-mexico\/ipana-1-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-1-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-1-1.jpg 640w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2019\/07\/ipana-1-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n<h4>Invest in your dream home<\/h4>\n<p>No matter if you are looking at co-financing in Mexico, leveraging assets or using retirement money. Mexico\u00e2\u20ac\u2122s Riviera Maya is still one of the best investments foreigners can make. To illustrate, you can use your purchase as a retirement retreat, vacation, or getaway destination. And therefore, to generate income by renting it when you are not personally using the property.<\/p>\n<p>For more valuable information on the mentioned condos or other similar properties, contact us at <em>Top Mexico Real Estate.<\/em> Let one of our professional agents help you find a home or investment that will suit your needs.<\/p>\n<p><em>Remember, at Top Mexico Real Estate \u00e2\u20ac\u00a6 we make it happen!<\/em><\/p>\n<p><a href=\"https:\/\/www.topmexicorealestate.com\/real-estate-books\/kit\/10-buying-a-preconstruction-condo\/?art=bb_240719&amp;web=blog\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14488\" src=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2017\/08\/preconstruction-condo.png\" alt=\"Buying a Pre-Construction Condo\" width=\"635\" height=\"150\" srcset=\"https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2017\/08\/preconstruction-condo.png 635w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2017\/08\/preconstruction-condo-300x71.png 300w, https:\/\/www.topmexicorealestate.com\/blog\/wp-content\/uploads\/2017\/08\/preconstruction-condo-630x150.png 630w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Mexico\u00e2\u20ac\u2122s real estate market continues to offer great investment opportunities, creative financing is becoming much more trendy. Up to now, most foreign real estate transactions are cash deals. There are very few Mexican banks that offer loans to foreigners. And if they do, they are short-term with a higher interest rate. They also require [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":18038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1730],"tags":[2288,2305,2312,2315,2314,2313],"class_list":{"0":"post-17974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate","8":"tag-home-for-sale","9":"tag-mexico-mls-listings","10":"tag-mexico-mls-listings-mexico-property-listings","11":"tag-mexico-real-estate-luxury","12":"tag-mexico-real-estate-map","13":"tag-real-estate-agent-salary","14":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/17974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=17974"}],"version-history":[{"count":10,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/17974\/revisions"}],"predecessor-version":[{"id":18032,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/17974\/revisions\/18032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media\/18038"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=17974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=17974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=17974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}