Hi BG

Thanks for your reply. We are already halfway through building so would have over 65% equity in the finished project[, just need to borrow 35%. We have bought with a fiedicimoso trust, so assume that banks will lend under this title.

Is one bank better than the other in Mexico?

Does anyone have an idea what interest rates are for lending at the moment?

Thanks

QUOTE=BajaGringo;155440]RV is right - construction loans are very hard to come by in Mexico without a lot of local established credit and/or collateral. If your budget is tight I would suggest looking to areas where the land and cost of labor is cheaper. Size down your dream villa to a more reasonable casita, be your own general contractor, work alongside your workers and allow your budget to determine the construction progress. You can build a small, simple home in Mexico for very little money if you look outside the more expensive areas, are creative and willing to think outside of the box.

You can add on the maids chambers, upgrade to granite counter tops and marble floors later on in the future...

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