Private lenders in Panama
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While most Panama banks are still lending to foreign buyers, many of the large local banks and all of the multinational banks like Scotia, BBVA, and HSBC have age limits, life insurance policy requirements, credit requirements, and income requirements. Anyone that’s applied for a loan in Panama knows that it can be a long, arduous process that may or may not result in success.
The good news is, we’ve partnered up with a licensed private lender who will offer loans to our clients with:
1. No income requirement
2. No credit requirement
3. No Life insurance
4. No age requirement (or limitation)
This private lender will lend 50%-60% of the value of the property. The company is based in Panama and has been approved with all of the necessary lending licenses and the best news is that the process is much easier than working with a traditional bank, and this lender guarantees that it will close and fund your loan in 5 business days!!
Kent Davis, founder of Panama Equity Real Estate, is a leading expert in Panama’s competitive real estate market. Originally from Honolulu, Hawaii, he holds a Marketing Information Systems degree from James Madison University. After a successful corporate career managing multimillion-dollar inventories at Hajoca Corporation, Kent pursued his dream of living abroad, moving to Panama in 2007.
Driven by an entrepreneurial spirit, he established Panama Equity to connect buyers, sellers, and investors with Panama’s top properties. Known for his transparency, expertise, and market insights, Kent has helped hundreds navigate Panama’s real estate landscape. Fluent in Spanish, he frequently publishes market reports to empower clients with informed decisions.
Beyond real estate, Kent is passionate about Panama’s culture, landscapes, and surf-friendly beaches. He lives in Panama with his wife and three sons, embracing the vibrant lifestyle the country offers.
Gerardo Glenn Glenn
on said
Looking to borrow roughly 30,000 the 40000 on my home outside of La chorerra. I have found one lender who will loans based on the homes Equity value alone oh, but he wants to charge 2% a month on 30,000 dollars. I’m wondering if your company can do any better than that. Let me know your thoughts, sincerely Gerardo Griff Glenn
Kent Davis
on said
Hi Gerardo, I would suggest reaching out to the bank in this case as our private lender is mostly focused on downtown Panama City, Panama loans
damien
on said
Kent, I have a client that has a commercial property close to downtown Panama City that needs a loan. Can you refer me to your lender?
Kent Davis
on said
Hi Damien, sure. Just set you a private message, thanks for your inquiry!
Ryan Olson
on said
I am looking for lending options for approximately $175,000 towards a $225,000 purchase price for a commercial property near Playa Reina (Moriato). Are your lenders still solely focused on downtown Panama City?
Kent Davis
on said
Hi Ryan, thanks for your message. Yes, most of our lenders are focused on the City area. I’ve sent you a private message, thanks!
M.A.Stewart
on said
Hello I have my property in the city and Im interested in HELOC, how do I go about this in PTY???
Jason Edwards
on said
I have 11 victory of land in Cativa, Colon, northern Panama to be exact I have been told by my attorney in Panama City, Panama that it is worth $800,000 appraised value and over 1 million market value. I would like to borrow against this land to help pay my attorney fee for an inheritance requiring a 30% bond in the courts, legal fees, etc to reclaim assets misappropriated in Panama. How do I go about getting a loan in this situation?
Kent Davis
on said
Hello Jason, you’ll want to approach a bank or private lender.
glenn
on said
what are the rates?
Kent Davis
on said
Hi Glenn, thanks for dropping by! Institutional mortgage rates in Panama are hovering around 5.5% – 6.5% right now for a 20 year variable mortgage with 10% – 20% down for locals and double that down payment for foreigners. There’s also something called a FECI which is basically an add on of 1% for investors. For private financing…it really depends on the asset being financed, the borrower profile, and the motivation of the lender. We’ve got property sellers and developers in Panama willing to beat bank rates at shorter terms, and we’ve got private lenders who will charge as much as 12-15% (exorbitant in my opinion) for certain situations.
Happy to answer your question directly if you’d like to fill out a contact-us form.
Jennifer
on said
This is interesting… I sent an email with detailed information & a request for guidance. I look forward to your reply. I want to buy in Casco Viejo before the end of 2023 so I can capitalise on the Casco Viejo Law. Thank you in advance.
Valery
on said
Hi Jennifer, thanks for your message.
You are right, this is the best time to invest in Casco. I’ll be happy to connect with you, would you mind sending your contact info to valery@panamaequity.com
V. Kilie
on said
Hi. I wil be gratefull if you contact me. Interested in a loan.
Thanks.
Vicky
John Doe
on said
Good afternoon. I am an investor who will be investing in properties located in Boquete Panama. Do you know if your lender offers loans in that province or do you know of any lender that offers such financing?