Gap Equity Loans is specialized in providing consulting services to potential borrowers looking for equity…
Would you like to earn money by referring borrowers to us?
Referral Fee: A quick introduction to a borrower will be rewarded with a $250 USD referral fee for every $50,000 USD borrowed. We are not taking on any brokers at this moment, but we are interested in paying out referral fees for a quick application form (subject to completion of the loan).
What are your responsibilities as a referral person? Well, really none.
Simply send us an email or WhatsApp with the potential borrower’s name and phone number and that’s it! This will entitle you to the referral fee (when their loan has closed).
We are a full-time lending organization. Although our private lenders are lending about $1 million a month on average, we need your help!
Private lenders have more money to lend than great loans coming in. Perhaps you might like to have a small increase in your monthly paycheck. We are looking for great loans and you can pick up a referral fee! What are the basic criteria for a loan? Simple, it must be below 50% of the loan to value or LTV (a number obtained by dividing the Loan Amount by The Property’s Value).
This is based on a fire sale price, not a retail price. The property must be able to be sold in a month or two tops.
We cannot emphasize strongly enough that the loan amount has to be BELOW 50% OF THE FIRE SALE PRICE! We get so many loan applications that come in like this: “Value of property=$250,000 USD. Amount requested $125,000 USD” It’s always magical that the amount needed is exactly half the estimated price of the property. Keep in mind, the higher the Loan to Value, the higher the interest rate. Getting a great loan, realistically, is borrowing $100,000 USD against a $400,000 USD property… then we have something to work with.
What is the money for? This is a very important question. If it is solely to pay off an existing loan, well that’s not too good.
If it is to expand your business or renovate your home then that is much better! If you have had a loan in the past and paid it down, this is also good news. By giving potential borrowers these tips, you will expedite the process and this will allow you to receive your referral fees faster!
The preferred locations are:
- Central Valley (GAM);
- Costa Rica’s most visited beaches;
- Other popular tourist areas (Arenal, Monteverde, etc.)
An important issue to understand when making a referral for a Loan:
The LTV offered UP TO 50% – it is not our preferred ratio. The lower the LTV, the higher chance of the loan actually happening. Show some reasoning behind how you reached the requested amount.
It is very important that you let us know what the money will be used for.
Contact us today for more information!