Japanese Bank loan for foreign real estate?

TokyoWart
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Location: Tokyo

Re: Japanese Bank loan for foreign real estate?

Post by TokyoWart »

concerned wrote: Fri Sep 24, 2021 10:16 pm "What happens now? The bank will probably ask you to address the huge shortfall in assets backing your loan."

Yes they will.

Early /Mid 2000s Yen loans to purchase foreign real estate were pedaled by Financial Advisors in Tokyo, I was sold/conned into
...

Believe me you do not want to borrow in one currency to buy property valued in another currency.
Thank you for taking time to share your experience. This illustrates the problem of taking a loan across currencies and leveraged investing. Very sorry for your experience but it’s good to spread the warning about these products.
concerned
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Re: Japanese Bank loan for foreign real estate?

Post by concerned »

Your welcome
Tokyo Money
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Re: Japanese Bank loan for foreign real estate?

Post by Tokyo Money »

Thank you for your reply. It is good to be warned in advance.
SARS
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Re: Japanese Bank loan for foreign real estate?

Post by SARS »

This is a useful thread. Perhaps should be sticky?
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