Condo as collateral for loan from bank?

[Airwolf]

Can you get a loan as a foreigner using a condo as collateral?

 

And proof of income, outside Thailand.

 

LTV, 50 - 80%?

 

What are the visa requirements?

 

Avg interest? 7 - 10%?

[Toby1947]

Yes a bank would probably lend you 20 baht again a condo, because that's about what they're worth. 

[Airwolf]

2 hours ago, Toby1947 said:

Yes a bank would probably lend you 20 baht again a condo, because that's about what they're worth. 

I'd love to find some at that price, where are they?

At 16,000 baht per month rent, that's almost an annual ROI 1,000,000%! 

But after 15% tax, and expenses, closer to 800,000%, still, not bad.