Normal mortgage financing is becoming more readily available in Bulgaria for both the local population and foreign persons that own property for investment purposes.  We can assist in applying for a mortgage with local banks or we can attempt to match property owners with individuals interested in making private loans.

There are advantages in private loans for both parties, borrowers do not have the cost and inconvenience of borrowing from a local bank in Bulgaria, and lenders are able to earn relatively high yields on their money through regular interest payments.

The interest rates for these deals would normally approximate those of the commercial rates in Bulgaria, so both parties are receiving fair value. Global Quest acts as the intermediary and arranges all the legal work, as well as handles the accounting and tax issues for the life of the loan.