Jeff Seabold on doing international business
I was really inspired by this interview with entrepreneur and real estate guru Jeff Seabold. In addition to founding CS Financial, he has spurred a tremendous construction boom in Cabo San Lucas by offering cross-border financing.
The article is from the Oct. 2, 2006 issue of L.A. Business Journal:
"Mexican Move: Jeff Seabold, President of CS Financial, sees the future of real estate lending as an international project: today, Baja; tomorrow Costa Rica, Panama and Nicaragua."
The URL is to google's cache, so if you want to read the entire article, click on the "Print" function at the bottom.
The article is from the Oct. 2, 2006 issue of L.A. Business Journal:
"Mexican Move: Jeff Seabold, President of CS Financial, sees the future of real estate lending as an international project: today, Baja; tomorrow Costa Rica, Panama and Nicaragua."
The URL is to google's cache, so if you want to read the entire article, click on the "Print" function at the bottom.
posted by Michael at 11:59 AM
2 Comments:
Here is a link that takes you to the print edition for the article
you can read the whole article there.
Thought this was interesting from the article:
Q: How do you get around the traditional Mexican prohibition against foreigners owning property?
A: The way foreigners own land is through a fideicomiso, a bank trust. That is relatively new; it was started in the last five years. The way they circumvent Mexico’s constitution, which does not allow foreigners to own property within 50 kilometers of the coast and 100 kilometers of the border, is that a Mexican bank owns the property with you as a co-trustee but you are the sole beneficiary with all the rights to improve, sell, and transfer the property.
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