Provide Your Buyers a Lower Interest 10 Year Loan with MEXLend
With our new Developer’s Solution Program, the developer can:
• Offer affordable financing to qualified buyers of any nationality.
• Be paid now—PRE-CONSTRUCTION!
Providing a financing alternative for your clients will exponentially increase your sales volume.
Having financing in place creates consumer confidence in ALL of your buyers, even those that may be purchasing with cash.
HOW DOES IT WORK
• Now, the Developer can offer a 9.99% loan for 10 years for Pre-Construction financing.
• The Lender must see a higher interest on their money.
• The Developer makes up for the difference by “Buying Down” the rate. This generally comes to 10% of the sales price per unit—BUT THIS CAN BE DONE AT NO EXTRA COST.
2 WAYS TO OFFSET COST FOR DEVELOPER SO PROGRAM IS FREE
OFFSETTING COST THROUGH DISCOUNT POLICY
20% discount for all Cash sales
10% discount for financed sales
or 15% discount for ALL units whether financed or all cash
OFFSETTING COST THROUGH PRICING
|Original Sales Price For 10 Unit Building||4% increase for Developer’s Solution Program of the same 10 Unit Building|
Developer’s Solution offers financing for 40% of building and it costs the Developer NOTHING.
HOW TO IMPLEMENT THE PROGRAM
1. Qualify the Development (this only works with developments that are free and clear of liens)
2. Adjust Contract of Sale to incorporate loan terms and mandating the transference into a Guaranteed Trust upon liberation of the unit for Financed Clients.
3. Adjust Sales Prices or Discount prices to accommodate the “buy down” of the rate for the loans.
WHAT DOES CLOSING LOOK LIKE?