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With this grate influx of foreign investors purchasing properties in Panama we have developed a systems network of properties and professionals to assist our customers. Our goal is not only to find you the right property but to assist you in every way possible. We understand the system in Panama better than anyone and will help you throughout the buying process, banking, relocation and property management. Not only is it our nature, it is our responsibility.  
 
We take pride in the personal service we give our clients. Our relationships with Panama's top developers will clearly be visible to you when visiting the projects we offer. We have an outstanding track record with the people we represent. We let our clients speak out for our outstanding service and our personal service will clearly show it.

We provide services in the areas of: 

  • Real Estate 
    - Buying, Selling, Renting of Properties 
    - Property titles 
    - Purchase contracts and agreements 
    - Mortgages
  • Investments 
    - Best opportunities in the market 
    - Partnering with local investors 
    - Property management 
    - Project development and management
  • Legal 
    - Incorporations 
    - Foundations 
    - Trusts 
    - Visas
  • Banking 
    - Account opening 
    - Project financing

  • The following are the average terms and conditions of mortgage banks in Panama. This mean that specific rates and conditions may vary from bank to bank.

    Financing:

    Between 60% - 70% of the purchase price or appraised market value, whichever is the lesser.

    Interest Rate:

    From 6.5%, plus FECI 1% per year.

    Amortization:

    Maximum amortization of 20 years divided into Five (5) years renewable at the Bank�s option for three (3) additional terms of five (5) years each. The maximum amortization period will be subject to factors such as Borrower(s) age and Net Worth.

    Security:

    First mortgage over the property.

    Insurance:

    Banks generally require that the borrower(s) contracts a life insurance policy for the amount of the loan, endorsed to the Bank, and a fire insurance policy with catastrophic extension for the amount of the loan, endorsed to the Bank. The insurance must be underwritten in Panama.

    Bank Commission:

    Approximately 1% of the amount of the loan payable at time of loan drawdown.

    Other Conditions:

    1. The borrower(s) cover all legal and registration expenses charged by Bank. 
    2. An appraisal of the property given as security to report an estimated market value at least equal to the purchase price. 
    3. Opening of a savings account, through which, the payments for the loan will be deducted, with a minimum balance equal to three (3) monthly installments. 
    4. The customer must meet with the lending officer at the Bank at least once.

    Documentation Required:

              • Job letter and copy of two pay slips (for borrowers currently earning a salary).
              • Copy of the last three personal income tax declarations and/or business income tax declarations or audited financial statements.
              • Two clear copies of the ID cards or passports. Copy of all the pages in the passport.
              • Adequate verification of sufficient personal assets (copy of bank account statements, real estate titles, bonds, common stock, etc.).
              • Copy of the Purchase-Sale Agreement.
              • Credit references.
  • Taxes 
    - Incentives laws 
    - Tax free procedures

 

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DISENO WEB PANAMA
DISENO WEB PANAMA