Costa Rica: $100 million alliance of Deutsche Bank-Riverside DevelopersTuesday, June 17, 2008 The Costa Rican firm Riverside Developers has signed an agreement with MortgageIT Inc., a subsidiary of Deutsche Bank, one of the world's largest financial institutions. The real estate developer has obtained a credit line of 100 million dollars. Guatemala: $100 Million for Mortgage ProgramWednesday, November 2, 2011 The Overseas Private Investment Corporation (OPIC) has announced it will provide the loan to help develop a mortgage program in Guatemala. The program's objective is to develop a platform with the participation of Guatemala's national banks that will make 2,000 mortgages available to families to buy homes that currently might not be able to. Mortgage BrokersWednesday, May 27, 2009 These agents are intermediaries in mortgage management, obtaining advantages regarding both interest rates and contractual terms for their clients. During the real estate boom in Panama, these intermediaries—people with good connections in the banking and real estate market—had foreign investors, generally from the U.S., as their main clients, assisting them in the process of obtaining mortgages for properties valued at over $200,000. Panama: Mixed Development for $28 millionFriday, October 21, 2016 Plans have been made to build a 12-story tower in Punta Pacifica with space for medical offices, shops, and offices, with a total construction area of 52,000 square meters. The project sponsor is Sutherland Mortgage Corp., which submitted the Environmental Impact Assessment (EIA) study to the Ministry of Environment on August 24, 2016. Price of Land in NicaraguaTuesday, September 6, 2016 Reports of increases from $75 to $500 per square meter have been made in some areas south of Managua and values up to $580 per square meter in the coastal department of Rivas. The tourism boom seen in the areas in Rivas, followed by Leon and Granada are responsible for the increase in the value of the properties, some of which sometimes sell for $580 per square meter. "...In the case of Rivas the increases occurred between 1996 and 2007 when the construction of major tourism projects was announced." |
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