SANTO DOMINGO- More than a dozen construction companies and real estate agents will present their projects under construction, in plans and ready to be made available to attendees at the real estate fair that Banco BHD will hold in New York, United States, from September 29 to October 1 of this year 2023, at the Radio Hotel, in Washington Heights.
The bank announced that it will have more than 5,000 units, with mortgage financing for Dominicans residing in this and other cities in the United States, with offers for the acquisition of social interest housing, high-end housing and tourist areas in the Dominican Republic.
In a press release, BHB details that some of the benefits of the BHD NY real estate fair include financing terms of up to 20 years, with a maximum of 80% of the lower value between the sales contract or the property appraisal, discounts on legal fees, free appraisals, legal advice, among others.
Also available will be the Single Consular Power of Attorney, a legal instrument endorsed by the Ministry of Foreign Affairs of the Dominican Republic, which consists of a mechanism that simplifies, speeds up and reduces costs of the process of acquiring housing in the Dominican territory by Dominicans residing abroad.
Freddy Simó, Vice President of Indirect Sales for Personal and Business Banking at Banco BHD, stated that “in recent years we have been actively involved in initiatives aimed at Dominicans residing abroad. This work has allowed us to understand the specific needs faced by the Dominican diaspora, particularly regarding housing loans. Meeting this need is what motivated us to return to New York with our BHD Real Estate Fair.”.
In addition to mortgage loans, the fair will offer information on other Banco BHD products and services, such as remittances through the Flexienvíos platform and mobile accounts. Financial literacy workshops will also be held daily, covering topics such as preparing to buy a home and tips for maximizing remittances, among others.
“In 2013 and 2014, we were in New York providing banking services and information to our compatriots. Now, in 2023, we are returning and inviting the Dominican diaspora residing in this and other cities in the United States to visit this unique space where they will find support from our staff to expedite and facilitate information for obtaining home financing in the shortest possible time,” explained Julián Alcántara, Second Vice President of Network and Indirect Business for Mortgage Banking at Banco BHD.
He adds that the purpose is for customers residing in New York to experience the joy of having their own home in the land where they were born.
The Institute of Dominicans Abroad (INDEX), an administrative body under the Ministry of Foreign Affairs, and the Dominican Consulate in New York, will also be present during the BHD NY real estate fair to offer their services to visitors.
