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Ambergris Cay Home Financing #313340
12/02/08 06:23 PM
12/02/08 06:23 PM
Joined: Sep 2008
Posts: 27
S
Sting Offline OP
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Sting  Offline OP
S
Is anyone familiar with financing options for a home on Ambergris Cay? I have heard of a LIBOR loan option but am not to familiar with this. The terms do sound better than some others I have heard of on the island. Does anyone know of someone who has used this financing on the island, and the pros and cons.

Re: Ambergris Cay Home Financing [Re: Sting] #313342
12/02/08 06:28 PM
12/02/08 06:28 PM
Joined: Nov 2002
Posts: 3,035
Pedro1 Offline
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Pedro1  Offline
London inter bank offer rate is not offered to anyone but banks anyway you can get loans around the 10% mark if you are a non resident or a non belizean -the typical loan is given for 50% of the banks value of the property and the house generally has to be built-all these loans to be repaid in USD

Last edited by Pedro1; 12/02/08 06:30 PM.

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