One of the most important (and stressful) aspects of investing in real estate is confirming financing from a reputable financial institution, an endeavor which requires attention in two key areas. Firstly, the investor must receive approval in principle from the bank to finance the investment at this stage in the process. This requires the bank to examine the merits of the investment as well as the investor and his repayment abilities. Secondly, the investor must negotiate the best possible financial conditions for the loan, with the understanding that even small differences in loan terms can result in substantially different results and payouts in the long term.
In addition to the expertise necessary to obtain any bank financing, loan procurement for foreign investments in Israel requires special experience and deep relationships with key players as banks tend to enforce more stringent thresholds and requirements for those who are not residents of Israel simply because the bank presumes that it is accepting a greater risk for these loans. Foreigners looking to procure an Israeli loan will face many challenges including:
These challenges make it difficult, if not impossible for non-citizens to obtain a loan in Israel independently. That’s where Bizrael can help. Operating in the field for the past 6 years, Bizrael has created a wide network of bankers, financiers and government officials who can help our clients get the loans they need in a timely and efficient manner. We are proud of our 100% success rate – we’ve never had a client that was denied funding, and we’ve secured tens of millions of dollars for our clients’ investments.
Bizrael helps each client will all steps of the financing process, from organizing the necessary paperwork to negotiating with different financial institutions so as to confirm the best possible loan conditions. We coordinate the entire process, from receiving initial approval to signing the final contract so that you can relax throughout the process. And, of course, we are happy to help settle the monthly payments and monitor the bank account to ensure that there is a proper balance in your account.
We look forward to helping you secure the funding you need to bring your dreams of owning a property in Israel to fruition in the most comfortable and convenient way possible.