Construction Loans In Cabo

Construction Loans in Cabo: What We’re Doing Differently

With ongoing fluctuations between the U.S. Dollar and the Mexican Peso, we are currently structuring our construction projects in pesos. This approach provides cost control and predictability, especially important when working in the ever-shifting environment of international real estate.

Our initial focus is on single-family homes, built one at a time, in a local golf course community in San Jose del Cabo. These are not spec homes. We’re building responsibly, staying lean, and responding to what the market is demanding right now: affordable, well-designed homes.

This is not a one-off initiative. Our goal is to establish a long-term partnership, using this initial round of homes to develop trust, systems, and a foundation for higher-end builds in the future.

This partnership structure is a commercial approach.  We would be selling these homes on the market.  We believe the pricing and structure of these builds would allow us to sell each home and move on to the next one.  We also have land in higher end communities but we will focusing on more affordable and market friendly homes. 

Current Project Snapshot:

• Loan Duration: 24 months
• Construction Budget: $8,000,000 - $12,000,000 MXN per build
• Interest Rate: 15% - 18%
• Builder Model: At-cost, no markup on labor or materials

Our experience working with a bank on our first project made one thing clear: if the builder was properly capitalized, the red tape and delays from the bank would have suffocated the project. Too many regulations, too many bottlenecks. The tail was wagging the dog.

Why This Builder?

We’ve aligned ourselves with a builder that offers key advantages:

• At-cost construction model
• In-house supply chain and carpentry teams
• Full transparency: profit & loss statements, proformas, and prior build records are all available
• Proven track record in Los Cabos

This isn't just about finding capital—it's about finding smart capital. We’re looking for partners who understand that while construction loans are riskier than traditional mortgage loans, they can also generate higher returns when structured and executed conservatively.

I’ve built my reputation in Los Cabos around a super conservative approach—and that’s not changing.

If you’re interested in learning more or reviewing the numbers behind this opportunity, feel free to contact me directly:

Fletcher Wheaton
📧 fletcher@remexico.com