Costa Rica Property-Backed Loan FAQ
Clear answers about property-backed loan requests, first-lien security, closing, and what to prepare before starting.
Property-backed financing starts with the property and the plan.
GAP reviews the property and the proposed loan structure to help qualified borrowers move forward with clear next steps.
What is the minimum equity loan request?
Loan requests start at US$50,000.
How long are the loan terms?
Terms range from 3 months to 3 years.
Do I need a credit score?
No. GAP does not require or pull a credit score.
Is there a fixed down-payment requirement?
No. There is no fixed down-payment requirement. The proposed structure depends on the property, available equity, requested amount, purpose, repayment plan, and overall file.
Can foreign buyers or borrowers apply?
Qualified borrowers of any nationality can be reviewed.
What does GAP review for an equity loan?
GAP reviews the property, title, liens, location, marketability, value, loan purpose, repayment plan, and exit strategy.
A clear property file makes a stronger starting point.
What security does GAP work with?
GAP works only with first-lien positions. Smaller loans are commonly secured by a registered first-position mortgage on the Costa Rica property. Some transactions may use a trust structure when appropriate, while preserving GAP’s first-lien position.
Can a property with an existing mortgage be reviewed?
Yes. GAP reviews the current debt, title, available equity, payoff structure, and the property itself as part of the proposed closing structure.
Does location matter?
Yes. Location, access, marketability, nearby services, property condition, and realistic value all help clarify the property.
What if the property is owned by a corporation?
GAP may review the corporation name, shareholder authority, corporate status, taxes, signing authority, ownership records, and existing obligations.
What information helps GAP begin the review?
Start with the property location or pin, requested amount, estimated value, use of funds, existing debt or liens, repayment plan, ownership details, Plano Catastro, photos, and identification.
Good preparation helps closing move properly.
What costs are involved in closing?
Legal fees and closing costs are reviewed as part of the loan structure and include GAP’s fee where applicable. The closing attorney or Notary Public prepares the legal documents and handles registration.
How long can closing take?
Once the complete file is in and GAP due diligence is finished, qualified loans often close in about 10 business days. Timing can depend on property documents, legal work, banking, and closing requirements.
What helps the closing process?
Complete property documents, clear ownership information, current lien details, and a clear repayment plan help keep the process organized.
How do I start?
Send the basic property and loan details through the Loan Request form. GAP will review the information needed to begin.