Loan Program Japan

Loan Program Japan

RateStarting at 2.5% p.a. variable
Term35 years max
Max LTVTypically 50 - 70% LTV
Max loan amountAbove JPY 2 billion
Second home allowedYes. Investment property preferred.
Borrower typeSalaried and self-employed
Loan costs3% facility fee paid to GMG's Japan partner. Lender fee 2% may apply. USD 5 - 8k to establish local entity,
Annual feeUSD $5 - 8k to maintain local corporate entity.
Lender feesVariable, typically incorporated in broker fees
Broker fees3.5%
Processing time3 months, including setup of local entity and opening bank account. A minority of lenders require clients to be onshore to sign documents.
RequirementsDTI No fixed ratio. Client to submit required documents for lenders to assess.
Key selling pointsHighlights: Save time and effort. GMG's partner in Japan is a one-stop-shop to coordinate financing and local entity setup. They also have local property stock. GMG's partner is English speaking and based in Tokyo.
NoteNon-recourse loan. Local entity setup required. For residential and commercial property (commercial RE needs to be > JPY 1 billion ~ USD 10 million ). Terms are highly location specific, financing mostly available for major metropolitan areas only. Client needs to have identified the asset before GMG can start the research process.
GMG contactleonard.lee@gmg.asia