MEXLend Unveils New Products

Mexico’s most experienced mortgage broker now represents 3 different loan tracks

Online PR News – 24-June-2013 – Puerto Vallarta, JAL MEXICO – MEXLend, an industry-leading Mexican mortgage brokerage, is proud to announce that they have expanded their loan options for foreigner nationals wishing to buy property in Mexico. These programs offer mortgages for US, Canadian and other foreign citizens who are buying a Mexican property.. One of the first brokerages with a division specializing in these types of loans, MEXLend has been diligently looking for alternatives after the US dollar options became unavailable with the withdrawal of Compass Bank, BBVA and Scotiabank from the market. While others may claim that mortgages do not exist any longer or are difficult to obtain for foreigners in Mexico, MEXLend has formed partnerships with lenders interested in this strong niche market.

“We are very pleased with the introduction of other fund options available for Mexican properties,” stated Terence Reilly, co-founder and President of MEXLend. "Our foreign clients have been asking for additional program options and we are happy to be able to deliver, and we anticipate even more options shortly. Most of these programs are perfect for a bridge loan as they do not have a pre-payment penalty.”

MEXLend has secured the following loan options for foreign nationals.
• Program A: Offers 60%-50% financing (40%-50% down) for up to 20 years with a mortgage in Mexican Pesos with a Mexican bank for qualified borrowers.
• Program B: Offers 65% financing (35% down) for up to 20 years with a mortgage in US Dollars with a US lender for qualified borrowers.
• Program C: Offers 70% financing (30% down) for a 20 Year Amortization with a 3 to 5-year Balloon Clause. (available only in certain resort areas on a case by case basis)

“Our goal at MEXLend is to keep adding new loan and fund options for our customers, both Mexican and foreign. By offering more options in Mexico than any other brokers, we are able to provide our clients with programs that better match their needs and financial situation,” added David Schwendeman, co-founder and COO of MEXLend.

While many mortgage choices are available in Mexico for Mexican nationals, MEXLend is the only brokerage with a specific division dedicated to US, Canadian and other foreigners. MEXLend - has been singled out for customer service. In announced results based upon post-closing client interviews, MEXLend won the #1 mark of distinction for both client satisfaction and fastest closings for the third straight cycle. Time and time again, MEXLend was praised for their attention to detail, ease of process and timeliness. Forging partnerships with banks, private lenders, title insurance agencies and attorneys has afforded MEXLend the unique ability to streamline the process in Mexico.

MEXLend is a pioneer in the mortgage industry in Mexico and continues to close loans nationwide. They have direct approvals with major banks in Mexico and their brokerage has been instrumental in obtaining loans for Mexicans of every income category. When a client calls MEXLend, it is like talking to every loan option available throughout Mexico at no extra cost. Their foreign loan division is unsurpassed in obtaining financing for foreigners purchasing property in Mexico. To discover which one of the many loan options that MEXLend offers is right for you, visit or or call toll-free at 1.800.3.Mi.Casa or 322.222.7377. From the US or Canada, call 917.779.9061.

MEXLend, Inc. is a Mexican mortgage brokerage that currently represents multiple loan options in Dollars and Pesos for buyers looking to purchase vacation or investment property throughout Mexico. In announced results based upon post-closing client interviews conducted by Mexico’s largest US lender, MEXLend won the #1 mark of distinction for both client satisfaction and fastest closings for the third straight cycle. MEXLend can be reached at 322-132-7991 (in Vallarta), 917-779-9061 (while in the US or Canada), toll–free in Mexico by calling 1-800-3-Mi-Casa or go online at (For US loans) or for Peso loans.

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