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Any private money lenders, for real estate ? #498028
11/16/14 09:29 PM
11/16/14 09:29 PM
Joined: Jan 2013
Posts: 38
Houston
M
Mr. Din Offline OP
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Mr. Din  Offline OP
M
Here in the states we work with private money lenders to lend money for real estate rehabs or construction. Anyone know if there any in Belize?

Re: Any private money lenders, for real estate ? [Re: Mr. Din] #498029
11/17/14 02:45 AM
11/17/14 02:45 AM
Joined: Dec 2006
Posts: 12,333
San Pedro Belize
elbert Offline
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elbert  Offline
Be very cautious there is no Borrowers and Lenders laws or FDIC. Predatory lenders are actually the major banks. Take a look at the newspapers and check out the land and homes being auctioned off by banks.There is no regulation for responsible lending as in North America.

Re: Any private money lenders, for real estate ? [Re: Mr. Din] #498040
11/17/14 08:02 AM
11/17/14 08:02 AM
Joined: Oct 2001
Posts: 6,010
San Pedro AC Belize
Diane Campbell Offline
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Diane Campbell  Offline
Originally Posted by Mr. Din
Here in the states we work with private money lenders to lend money for real estate rehabs or construction. Anyone know if there any in Belize?


Doubtful. VERY doubtful.

Re: Any private money lenders, for real estate ? [Re: Mr. Din] #498063
11/17/14 06:29 PM
11/17/14 06:29 PM
Joined: Jan 2013
Posts: 38
Houston
M
Mr. Din Offline OP
.
Mr. Din  Offline OP
M
Maybe its possible that there is someone who resides in the states that has some $ they wanted to lend to help fund a real estate project. We could do some sort of contract with interest and all.

Re: Any private money lenders, for real estate ? [Re: Mr. Din] #499671
01/07/15 12:27 PM
01/07/15 12:27 PM
Joined: Jan 2015
Posts: 14
S
Steve BZ Offline
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Steve BZ  Offline
S
You are S.O.L. For years in Belize I was a small business and private Moneylender in Cayo at the rate of 2%-4% PER MONTH on the unpaid balance, which equated to an average yearly rate of 32%-33%. I only lent money to people who were either tapped out at the bank or whose cash businesses wouldn't support bank credit.

If you don't qualify at the Belize banks for credit, don't have rich friends or relatives, can't get a personal loan overseas, and are unwilling to max out you credit cards for cash, then you're basically screwed unless you want to pay someone like I used to be, and thats a lotta interest!


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