Secure flexible funding for property, business, or emergencies—backed by local experts who understand your needs
What Is Private Lending?
Private lending in Costa Rica gives borrowers an alternative to bank financing—faster, simpler, and ideal for expats, developers, and property owners with equity.
Private lending is a flexible and accessible financing option based on the value of your real estate, not your credit history. These loans are often interest-only and short-term, and can be approved quickly with minimal paperwork. Private lending exists to serve borrowers who are not well-supported by banks—especially expats, non-residents, business owners, or those building in areas banks won’t fund. It’s an ideal solution when timing, flexibility, and property value matter more than credit reports and red tape.
Step-by-step breakdown:
- 01 Submit application
- 02 Property evaluation
- 03 Matching with lender
- 04 Legal review & closing
- 05 Repayment & possible renewal
Most loans can be approved and closed within 2–3 weeks, depending on how quickly you provide property documentation and the investor’s due diligence. It's much faster than a traditional bank.
How fast can I get a loan?
Yes, you can pay off your loan early. In most cases, there are no prepayment penalties after the first year. This flexibility allows you to reduce total interest paid if your situation improves.
Can I pay off early?
If you need more time, we can help you renegotiate terms with your current lender or transition you to a new one. Renewals depend on property value, payment history, and lender interest.
What if I need to renew at term?
Only during the first year. After that, most loans carry no penalties for early payoff, making them more flexible than many bank loans that charge up to 4% for early termination.
Are there prepayment penalties?
fREQUENTLY ASKED QUESTIONS
Feature | Private Loans | Bank (Public) Loans |
|---|---|---|
Approval Time | 2–3 weeks or less | 2–6 months, often with delays |
Borrower Requirements | Based on property value | Based on credit history, income, and documentation |
Eligible Borrowers | Expats, non-residents, foreigners accepted | Usually locals or permanent residents only |
| Loan Terms | 1–5 years, interest-only | 15–30 years, amortized |
| Documentation | Simple application + property documents | Full financial disclosures, income proof, credit report |
| Loan-to-Value Ratio | Up to 50% | Typically up to 80% |
Prepayment Penalties | None after first year | Up to 4% in early repayment fees |
| Flexibility | High – terms are negotiable | Low – terms set by bank policy |
| Loan Use Cases | Business, construction, cash flow, debt consolidation | Primarily home purchase or refinancing |
Most loans can be approved and closed within 2–3 weeks, depending on how quickly you provide property documentation and the investor’s due diligence. It's much faster than a traditional bank.
How fast can I get a loan?
Yes, you can pay off your loan early. In most cases, there are no prepayment penalties after the first year. This flexibility allows you to reduce total interest paid if your situation improves.
Can I pay off early?
If you need more time, we can help you renegotiate terms with your current lender or transition you to a new one. Renewals depend on property value, payment history, and lender interest.
What if I need to renew at term?
Only during the first year. After that, most loans carry no penalties for early payoff, making them more flexible than many bank loans that charge up to 4% for early termination.
Are there prepayment penalties?
fREQUENTLY ASKED QUESTIONS
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