Mortgage Grapevine

David Ingram - Costa Rica Financing

Does anyone out there have any information on David Ingram based in Costa Rica?

One of my Costa Rica-based clients received numerous LOIs from him, including a failed venture name EcoFinance, but we can't seem to find anyone who has actually closed a real estate development loan with him.

Apparently, he's a really nice American guy but consistently delivers delay excuses with "still online for closing"..... "yes, next week..." ..."no closing, sorry my family member was sick". My client found his replies very odd and possibly dishonest.

He's offered all sorts of platform funding programs, trust funding, and many other oddball offers sometimes asking for Advance Fees. However, my client refused to pay any fees. It looks as though the guy hasn't closed any loans since January 2010 (according to my one client).

Has anyone paid Advance Fees to David Ingram and closed a loan with him?

Last we heard there was some "bridge to fund" scenario but we didn't understand what he was talking or writing about. Does anybody understand? Or is that the point? Confuse the reader and collect the fees.

I have other clients needing financing but we'd like to use our time efficiently.

Thank you
by Deal$Maker June 26, 2011 11:48 AM

I don't know this guy (I don't think), but I suggest adding a little more detail. Where is he located? Does he use a company name? The seed of your answer is contained within your description of the events, though. It sure sounds like a guy who either can't perform or never had any intention of performing.
by adelphos June 26, 2011 12:00 PM

David L. Ingram, CEO
MortgageCostaRica SA
Real Estate, Energy, Development, Construction
Project Funding, Joint Ventures, Mortgages, and Private Equity Management
Office Escazu, San Jose, Costa Rica
Phone 011 506 8917 3766
by Deal$Maker June 26, 2011 12:25 PM

David L. Ingram, CEO
MortgageCostaRica SA
Real Estate, Energy, Development, Construction
Project Funding, Joint Ventures, Mortgages, and Private Equity Management
Office Escazu, San Jose, Costa Rica
Phone 011 506 8917 3766
by Deal$Maker June 26, 2011 12:25 PM

Great! A spammer who is also a scammer chimes in.
by adelphos June 26, 2011 12:53 PM

I only clicked "post a reply" once. Note sure why it double posted. Sorry, let's see if this posts 2x as well.

by Deal$Maker June 27, 2011 12:20 PM


Our firm have Introduced many good clients to Mr. Ingram.
This guy is a gentleman, very professional and can fund serious projects. Our last client was very happy and didn't have to pay upfront fees. Some closing will always stay confidential because it is sometimes the will of the Lender.

We verified his firm and everything is honest and transparent.

Mr. Ingram is one of the few in America that can really fund large commercial deals.

If you don't want to loose your time with scammers and you are serious about funding a construction, development or energy project (20M and +) feel free to contact us.

Best Regards,

by gceinternational July 8, 2011 7:57 AM


What exactly did you verify?

- Has Ingram has closed loans?
- He's in Costa Rica, not America. Or is he not?
- You have a client that closed a large loan with David Ingram? Where and how much, without violating any NDA.
- Can a closing attorney vouch? If not, that's like me saying... "yeah, I closed a $500M loan for my client in Manhattan. Trust me, I really did."

See where we're coming from? This Advance Fee world is a mystery. That's because they have NEVER close any deals. No "proof of funds" because they don't have the cash for your loan and NO references because there's aren't any closings.

If you've found honest capital, I'd love to hear about it. I've been searching for 2 yrs for 10 projects in 3 countries - not one has funded.

But this thread is about David Ingram isn't it?

by Deal$Maker July 9, 2011 1:39 PM

Dubai International Financial Centre (DIFC)

From: Mr. Ahmad Humaid Al Tayer
Chairman/Director (DIFC)
Dubai International Financial Centre


Greetings From Mr. Ahmad Humaid Al Tayer,

Join our principle office, DIFC which is a financial service centre, whose main focus is to create the right regulatory and legal framework for the financial service firms to operate within our jurisdiction in order to assure the development of a sound financial centre with the highest national standard of best business practices,

Dubai International Finance Centre (DIFC) is the largest Finance Centre in the Middle East. With over 5 trillion private and corporate investment portfolios In this regard, we offer guidance to financial institutions that would like to set up an office or fully register with the DIFC and know more about the region.

Also involved in the referral business, promoting financial service institutions, and providing finances, loans, sponsorship, joint venture or procuring investments projects that have not been initiated With over 5 trillion private and corporate investment portfolios.

currently have a back-log of an Excess Maximum Return Capital Profit (EMRCP) of an
average of 1.2% on each private investment and corporate portfolio under ouradministration and control now to put it under the management of private businessmen and corporations with good business ideas that can generate at least 10% ROI per annum over maximum of 5 years duration.

The fund will be disbursed based on a clear loan of 4.5% interest rate per annum for 5 years renewable tenure of a sum totaling $500,000,000.00 American Dollars.

All sign-up contracts, briefings and investment portfolio management files will be handled in Dubai, United Arab Emirates.

If you want to participate do indicate the part which you choose to participate,

- Want to be an Agent/Broker?

- Do you need a Loan?

- Partnership/Incorporation?

For further details contact me directly on my direct email address (.........................) for a swift response.


From: Mr. Ahmad Humaid Al Tayer
Chairman/Director (DIFC)
Dubai International Financial Center.
Private E-mail:mtopltd@mail2NewYork.com

by mtopltd July 11, 2011 7:04 AM

Mr. Ahmad Humaid Al Tayer,

Please contact me. Ken Turner. kjt1954(at)ymail(dot)com
by kjt1954 August 7, 2011 6:09 PM


Did you ever get any background information on David Ingram
Just spoke to him yesterday on a deal and doing some due diligence I came across your post. Any information you can share would be greatly appreciated
by NickB July 18, 2012 2:56 PM

If he is collecting a due diligence fee that is normal. Researching a big deal can be time consuming and can get very much expensive for investors. Imagine if you had 75 deals on the table. It would be impossible to get all the deals researched and closed in a timely manner. You would have to outsource the research to trusted third parties and out of 75 only 1/2 qualified to your standards to be funded. You just paid for 37 deals out of your own pocket and wasted valuable time. By no way am I letting this David guy off the hook. He may be actually up to something crooked. Just remember when requesting a loan especially a big project to be as thorough as possible in your executive summary and other documents. Leave as minimal work for the Lender and his affiliates as possible so your deal can close fast. Also, yes you have to pay due diligence fees first. Consider the fees to be earnest money. You are showing the lender you are serious about receiving funding, that your willing to put your money where your mouth is. If you have a good deal most lenders would credit it to you at closing. If you need commercial funding for a project you have you can contact me. I have a group of lenders with big pockets doing deals up to 500 million. Email me at fourthwardgroup@gmail.com place in the subject "private money."
by T.Ward730 July 23, 2012 3:39 PM

We are seeking genuine companies/ individuals looking for Loans to finance their business or

expand existing ones. We also deal on all kind of Bank Instruments.

[1]Project Funding / Financing
[2] Unsecured loans, Commercial loans
[3] Worldwide project financing
[4] Equity Loan Financing
[5] Personal Financing
[6] Issuance and discount of all bank instruments like BG, SBLC, LC, MTN, POF, PPP
[7]Bills of Exchange
[8]Property Loan & Mortgage

If Interested kindly contact:

Name: Mr. Manolo Bucci
Skype ID:leasebroker.manol
by Manolo Bucci September 9, 2013 2:54 PM

I have known and worked with Mr. Ingram for many years, across several projects and clients. The statements made above about upfront fees is bogus, he has never charged anything that I am aware of and does not believe in the typical scam broker deals. These posts look like brokers with a sour grape problem to me.
by Robert English June 15, 2014 7:42 AM


(No password? Register here)
(Don't be a nuisance.  Please avoid offensive language.  Advertisements are not allowed.)