Good afternoon BP, In need of advice getting financing for a property overseas. My family has land in the Caribbean (Guyana) and was curious does anyone have any experience getting a loan from a US bank to fund the construction. Would hard money or private money touch such an endeavor?
@Dave spooner thank you very much for that info.
No banks or hard money lender outside of Guyana will ever finance that. Your only options are to find find hard money lenders in Guyana if they exist or give 100% US collateral to a US lender. Obviously, the second option defeats the purpose as it's not a financing on the project in Guyana. I assume that banks in Guyana won't lend to non-residents but you never know.
@Kwame Knights your best bet would be a HELOC or cash out refi on a US asset, and then transfer the money to Guyana for the project.