Gutierrez Group’s Private Mortgage Loans offer investors the opportunity to participate in a growing industry that is disregarded by local banks: lending money to foreigners buying and/or developing real estate in Colombia.
In Colombia, foreigners can’t borrow funds from local banks until they achieve local credit history, which might take up to 2 years. Despite any type of credit score abroad, their lack of local financial history makes them unacceptable for banks. This opens an immense opportunity for investors willing to diversify into a secure industry while obtaining attractive returns that exceed those from owning and renting real estate.
Gutierrez Group offers the opportunity to become a private mortgage lender by operating as a mortgage broker, matching a single investor (creditor) to a single borrower (debtor).
Loans are placed using loan-to-value ratios of no more than 70% and collateralized against highly marketable properties. The term, usually no greater than 5 years, is for parties to define. Amortization of principal and interests can be set to take place on monthly, quarterly, yearly or balloon payment as they are for parties to negotiate. In average, investors may expect annual net returns of 8% to 11%.