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Mexico Financing
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Overview
Exquisite geography. Warm climate. Affordable cost of
living. Relaxed lifestyle. With all of these attributes,
it’s not surprising that Mexico has become a widely
popular destination for Americans looking to relocate,
retire or simply purchase a second home. Fortunately,
Mexico’s real estate ownership laws have never been more
welcoming to foreigners. Yet there are still a number of
differences between buying real estate in Mexico and
buying real estate in the United States. Let us help you
through the entire process.
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Ferrari / CS Financial
Mexico Loan Services |
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Through our new division,
Ferarri Financial Mexico, we’re
leading the way for American citizens seeking ownership
within Mexico. Our unparalleled expertise at navigating
through the many steps of purchasing property in Mexico
makes for a smooth, stress-free transaction every step
of the way. With services including financing existing
properties, prequalifying buyers and asset management,
we’re helping our clients maximize their Mexico real
estate investments so they can best achieve their goals.
Construction & Development Loan Programs
Financing Programs
- Construction Financing
- Developer Financing
- Bridge Financing
- Pre-Development Financing
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Currency
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Eligible Borrowers
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Geographic Regions
- Resort Communities of Mainland Mexico and Northern and
Southern Baja California
- "Prohibited Zone" Properties (100 km along all borders,
50k along all coastlines, all of Baja California)
permissible with enactment of Trust, which will be
administered by the investor
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Property Types
- Residential Master Planned Communities
- Condos, High-Rise Condos, Condo-Tel
- SFR, Townhomes
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Best Practices
Mexico Property Ownership Tips for Buyers and
Investors
- First, be sure to work with a real estate
professional with a solid reputation, experience and
longevity in the area. Mexican real estate agents
are not licensed like those in the United States;
therefore, they have no legal obligation to disclose
possible problems with the property.
- When purchasing property from a developer,
research the developer's history in Mexico.
- Ask if title insurance is available and, if so,
make sure it is with a reputable title insurance
company. Without title insurance, banks will not
lend money to foreign investors.
- Verify that the developer places deposits in
escrow or takes out a construction bond to protect
purchasers, and always ask for banking references.
- Under the Mexican Constitution, foreigners are
not permitted to directly own property in the
Restricted Zone, 100 kilometers along all natural
borders of Mexico and 50 kilometers (31 miles) along
Mexico's coastlines. As a result, oceanfront buyers
must obtain a bank trust, or "fideicomiso," for the
property in order to hold title as the beneficiary
of the trust and to be granted rights of ownership
(e.g., possession, right to construct and to tear
down, to rent or to sell) in a 50-year renewable
trust.
- All home purchases in Mexico are to be finalized
through "notarios publicos" (Mexican lawyers) who
have the exclusive right to "sign off" on every real
estate transaction. Beware that closing escrow in
Mexico could take longer than buying property in the
U.S.
- The boom in Mexican real estate has opened the
doors for U.S. institutions willing to lend money to
investors for mortgages in Mexico, including Ferarri
Financial Mexico.
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Before you purchase property in Mexico, it's
important that you understand the buying process, as
well the different strategies you can use to maximize
your investment. We've provided these downloadable
hand-outs to help answer your questions and better
familiarize you with all of the steps. Click each title
to download a PDF of the article. |
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