Re: Japanese Bank loan for foreign real estate?
Posted: Sat Sep 25, 2021 9:47 am
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 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
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Believe me you do not want to borrow in one currency to buy property valued in another currency.