Loan - Sao Paulo Properties

Member since 13 April 2024

BarcelonaExpatMember13 April 2024 10:46:00

I own 2 properties in Sao Paulo worth approximately R$2 million each that are fully paid. There rented for R$17,000 with around R$10,000 next profit per month.

I want to borrow around 100,000 euros/R$550,000 using these 2 apartments are guarantee for the loan for business venture in Europe.

What would be the best banks to approach

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Peter Itamaraca Serial expat

Member since 08 May 2023

Peter ItamaracaSerial expat13 April 2024 20:05:01

948

@BarcelonaExpat

In my experience you will not be able to secure bank finance without a permanent visa and a permanent job in Brazil, and certainly not for an investment in another country. Your only option would be to sell one of them, or seek private funds.

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sprealestatebroker ViP

Member since 01 May 2018

sprealestatebrokerViP15 April 2024 22:18:06

1288

I own 2 properties in Sao Paulo worth approximately R$2 million each that are fully paid. There rented for R$17,000 with around R$10,000 next profit per month.
I want to borrow around 100,000 euros/R$550,000 using these 2 apartments are guarantee for the loan for business venture in Europe.

What would be the best banks to approach

-@BarcelonaExpat

None from here. Maybe, maybe, Safra. But you will need a minimum net worth for them to look into, and a decent amount in deposits with them.

All others, no chance