For many years, about 5 percent of real estate purchased in Israel was bought by foreign residents, often without mortgages. This creates a very interesting financial opportunity: Combine foreigners, who own hundreds of millions of dollars in real estate, with a banking system that as has not been hit to the same degree by the raging storms in North America, and you have the possibility of providing credit.
The idea is simple: Instead of selling your property in Israel because you are short on liquid cash, you may borrow on your property at various rates of interest.
The good news is that if you know the ins and outs of the Israeli banking world, there are specific departments that are willing to lend, even generously, for long periods.
