Bank Financing Options

BAC BANK LOAN OFFERS

Letter from Bac Credomatic, contact information below

Good morning, I'm Roberto Chavarria the loan home specialist in BAC. We´ve been working on better timing to provide the best experience for your clients, if needed, we can pre-approve your clients within 24 hours with information furbished by them and their credit report. This will help you reserve the unit and close on the sale while we do the loan process which is adjusted to the PSA agreement timing.

We also have a new program we feel is very competitive (attached), I will describe it below but if you have any questions, please feel free to let me know.

We at Bac offer to non residents a 60% loan to value (40% Upfront payment) for 20 years term.


Currently our offers are:

Fixed rate for the first year at 7.75%, second year at 8.75% and 3rd year onwards CME TERM SOFR3 + 5.25 pp minimum interest rate 8%.

Fixed rate for the seven years at 8.75% and eight year onwards CME TERM SOFR3 + 5.25 pp minimum interest rate 8%.

Prepayments up to $30,000 a month with no penalty (2% of outstanding balance) after year 5 the loan can be paid in full with no penalty.

**CME TERM SOFR3 (Chicago Mercantile Exchange Secured Overnight Financing Rate term 3 months average)

Please let me know if you have any questions. 


Roberto Chavarria Ruiz 

HOME LOAN FINANCING SPECIALIST

+(506) 8667-8910

roberto.chavarria@baccredomatic.cr


Sebastián Calvo Goicoechea

Home Loan Financing Supervisor

+(506) 8743-4703

sebastian.calvo@baccredomatic.cr

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