Vacation Rental - Developer Financing - Mexico or Overeas
Hello All,
Any one out there have any experience with new construction - vacation rentals in Isla Mujeres or other tourist areas of Mexico? I have been negotiating a deal and developer is offering financing. The developer is asking for 25% down now and 25% at completion of property. They will finance the remaining 50% over 5 years. The rate is 9%. Wondering who out there has gone through the entire process and willing to discuss with me.