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Costa Rica Construction Loans Guide

Gap Equity Loans specializes in Costa Rica Construction Loans and has access to many private investors and lenders that conventional banks do not. As a result, our private lenders can provide lower rates, lower closing fees, and more financing options than traditional banks and mortgage companies. The private lenders we work with can quickly get you the money you need. It’s easier to qualify for this type of loan because you’re putting up your property as collateral (a guarantee). In contrast to our competitors, we act as both lenders and agents.

We aim to connect investors and lenders with borrowers who can help you finance your investment property. We don’t believe you should have to jump through hoops to learn how to secure a loan for an investment property. Gap Equity Loans’ goal is to make it as simple as possible for people like you, who have worked hard and saved for a long time, to acquire the cash you need to realize your plans.


How Do Construction Loans Work?

Homebuilding loans are typically short-term, with a maximum period of 3 years. You’ll need some paperwork about the type of construction you’re planning, a timetable, and detailed construction plans. Also, you will need an accurate budget, which includes information about labor and building materials, once you’re ready to apply.

After the loan is authorized, we’ll set up a planned draw rate that fits your building schedule and budget. A representative may visit the building site to monitor progress. Check the complete list of the services we provide HERE.


Have a look through the variety of types of loans we focus on:

Solutions for Costa Rica developers

Gap Equity Loans offers multiple options for Construction Loans. For both security and repayment, the lender looks mainly at the income generated by the specific project with our type of financing. We provide money for unique situations that do not meet the requirements for typical bank borrowing.


Our Project Funding

Your project can be funded quickly as an asset-based loan without many other requirements. The asset must be well under construction, meaning all the permits have been granted. Remember that our private lenders do not lend on a piece of land. 

These loans could be available for:

• Asset based-loans;

• Large alternative energy programs;

• Sizable real estate developments;

• Infrastructure loans;

• And more!


Business Plans:

Any large-scale funding request must be supported by a professionally prepared business plan which includes an executive summary, a detailed description of the project, and a development schedule. Also, it provides company information, development costs, required permits, approvals, and how you will repay the debt. Your financial forecast must consider the timing of cash needs, contingencies, vacancies, etc. 


Our Terms:

According to The Global Economy, our interest rates for loans of 12% to 18% on construction projects are generally comparable to the conventional bank’s rate of 14.21%, depending on the specifics of your project. We’ll give each proposal for financial support its own careful review. More information is available upon request.


Why a Gap Equity Loan is right for you

Many of our clients say that Gap Equity Loans meet their financial needs better than Costa Rica banks. In other words, we can be a better option than conventional banks. That is because we focus on the following factors:

  • Speed of Funding Loans

In most cases, our private lenders can close and fund a loan in about 7 – 10 business days. Compare that to the typical six months up to a year time frame with conventional banks, which slows the process for the borrowers. Now you can see why our clients – real estate developers, investors, businesses, and homeowners, choose us.

  • Flexibility Of Loan Terms

We work with our Private Lenders to structure the loan repayment and collateral (equity) release terms to benefit both parties mutually.

  • Approval of Loans

Sometimes conventional banks will deny loan requests due to a self-employed borrower, a short work history, lack of income history, etc. With us, you have a greater chance of getting a loan authorized, even if a bank previously denied you. We work with borrowers to get quick approvals on their loan requests. Our private lenders are typically willing to overlook these difficulties if the borrower can repay the loan and has adequate cash invested in the collateral property.

The advantages of our services are clear as day:

  • LOW-interest rates

  • Fees similar to bank’s

  • Top-notch experts



We help borrowers get access to needed cash fast. So, if you cannot obtain traditional financing, if the bank’s requirements are holding you back, look no further! Do you need a fast turnaround, a simple loan application process? You can count on us to provide you with private investors we work with for all your borrowing needs.


-Co-written by Lawsen Parker (Operations Manager) and Glenn Tellier (Founder of Grupo Gap)


“Gap Equity’s customer service is top-notch. They went above and beyond to make sure I was happy with my loan.” -Ken



Contact us now to learn more about getting a loan in Costa Rica here!



Frequently Asked Questions page – Click HERE
Learn the Loan Process step by step – Click HERE
To use our free Loan to Value Calculator – Click HERE

Looking for Real Estate? – Click HERE
Ready for a Relocation Tour? – Click HERE
Need Residency Status in CR? – Click HERE
Looking to Invest your Money? – Click HERE

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