For residents of the San Diego–Tijuana binational region, the greatest real estate investment opportunity within reach may not be across the city — it may be across the border
Tijuana's real estate market is one of the fastest-appreciating in all of Mexico, driven by structural forces that are not cyclical or speculative: nearshoring-fueled manufacturing expansion, a growing professional middle class, cross-border demand from San Diego dollar-earners, and a chronic housing supply shortage in a city adding tens of thousands of residents annually. Tijuana home prices grew approximately 12.8% in 2025 — the highest appreciation rate of any major Mexican city — and while the pace is expected to moderate to a still-robust 7–9% annually through 2026 and beyond, the underlying demand engine shows no signs of slowing.
For South Bay residents — particularly the bilingual, bicultural community that moves fluidly between San Diego and Tijuana as part of daily life — this market is not abstract. It is literally across the street from where you already live. And for investors who understand it at the level of depth this guide provides, it represents one of the most compelling risk-adjusted real estate opportunities available to anyone with access to US-dollar purchasing power.
At Cardenas & Company Real Estate Group, we are headquartered in Chula Vista — minutes from the Otay Mesa border crossing. Our team's deep roots in the binational South Bay community, fluency in both English and Spanish, and understanding of the cross-border real estate landscape position us uniquely to guide clients through the Mexico investment opportunity, including Ciudad Maderas Tijuana, with the context and expertise this decision requires.
Why Tijuana? Understanding the Market's Structural Momentum
Before getting into specific developments like Ciudad Maderas, it is worth understanding the macro-level forces that make Tijuana's real estate market distinctly compelling in 2026.
Nearshoring: The Biggest Economic Story in North America
The single most powerful driver of Tijuana's real estate market is nearshoring — the large-scale relocation of manufacturing and assembly operations from Asia to Mexico, driven by supply chain disruption concerns, rising Chinese labor costs, and the economic incentives of the US-Mexico-Canada Agreement (USMCA).
Tijuana and the broader Baja California region are among the primary beneficiaries of this trend. Over 450 foreign companies established operations in Tijuana between 2024 and 2025, creating sustained housing demand from relocated employees, managers, and contractors. Tijuana already hosts Mexico's largest aerospace cluster with over 100 companies, and its manufacturing sector — encompassing electronics, medical devices, automotive components, and consumer goods — employs hundreds of thousands of workers.
The employment created by nearshoring is not low-wage assembly work. The professionals, engineers, supply chain managers, and executives who follow these companies need housing that matches their income and lifestyle expectations. This is the demand that is driving appreciation in Tijuana's better-located residential neighborhoods and developments — and it is structural, not cyclical.
Cross-Border Demand: The San Diego Dollar Advantage
Tijuana's proximity to San Diego creates a uniquely powerful demand dynamic. As of early 2026, the estimated average home price in Tijuana is approximately MXN 3.3 million, or roughly $165,000 USD, while the median San Diego home price approaches $983,000. For a household earning US dollars — including the millions of South Bay residents who work in San Diego while maintaining deep cultural and family ties on both sides of the border — Tijuana real estate represents purchasing power that simply has no equivalent in the US market.
A San Diego professional earning $120,000 per year can buy a premium Tijuana home with amenities that would cost $800,000–$1.2M in Chula Vista — paying cash or with minimal financing. The same dollar that barely covers a Chula Vista down payment builds a meaningful real estate portfolio in Tijuana. This is the Tijuana Arbitrage — and it is one of the most significant, least-discussed financial dynamics in the binational region.
Supply Constraints: A Market That Cannot Build Fast Enough
Tijuana has only approximately 6,400 hectares remaining for urban expansion — a significant land constraint for a city adding tens of thousands of new residents annually. This structural scarcity means that well-located properties in established and emerging neighborhoods face genuine supply limitations that support long-term price appreciation.
Tijuana housing prices have grown roughly 120% in nominal terms over the past decade, and approximately 40% in real terms after adjusting for inflation — a performance that reflects genuine demand outpacing supply, not speculative excess.
The 2026 Market Picture
The median housing price in Tijuana in early 2026 is approximately MXN 3,700,000 — roughly $206,000 USD. Mid-market condos and apartments in well-connected, job-adjacent zones are projected to appreciate approximately 10–13% over the course of 2026, supported by tight supply and strong rental demand from the professional workforce. Price forecasts through 2026–2027 indicate continued growth of 7–9% annually as the rapid appreciation of 2024–2025 normalizes into a more sustainable trajectory.
The neighborhoods delivering the highest rental yields in Tijuana as of 2026 include Otay Universidad (approximately 6.5–9% gross yield), La Mesa (approximately 6–8.5%), and select locations in Zona Rio and Cacho. These yields compare favorably to virtually any US market at comparable price points.
Ciudad Maderas Tijuana: Premium Lot Investment in a Planned Community
Ciudad Maderas is a nationally recognized Mexican developer specializing in master-planned residential lot communities within private fraccionamientos (gated subdivisions). Their Tijuana development represents one of the most structured and accessible entry points into the Tijuana real estate market for cross-border buyers — particularly those who want the land ownership and appreciation potential of Mexican real estate with the community infrastructure, professional developer backing, and financing accessibility that reduces the complexity of an international purchase.
What Ciudad Maderas Offers
Ciudad Maderas Tijuana offers premium residential and commercial lots within a private master-planned community featuring the kind of lifestyle amenities that reflect the developer's premium market positioning:
Family Club Amenities:
- Semi-Olympic outdoor pool
- Multi-purpose courts (volleyball, soccer, basketball)
- Dedicated children's play areas and recreational zones
- Barbecue and outdoor entertaining areas
- Multipurpose event rooms for courses, classes, and workshops
- Fully equipped gymnasium
These amenities position Ciudad Maderas as a lifestyle investment, not just a land purchase. The family club infrastructure creates a built-in community that supports long-term residency demand — important for investors considering rental or eventual resale.
Land Investment Model: Why Lots?
Ciudad Maderas' land-investment model offers specific advantages for cross-border investors that distinguish it from buying a finished property:
Lower entry price point. Residential lots in Ciudad Maderas typically range from approximately MXN 350,000 to MXN 1,200,000 ($17,500–$60,000 USD) for residential parcels, with commercial lots ranging from MXN 1,500,000 to over MXN 6,000,000 depending on size and location within the development. These price points are accessible to a much wider range of investors than finished home purchases.
Direct developer financing. Ciudad Maderas offers direct financing from the developer — including an initial down payment and monthly installment payments over several years — eliminating the need to navigate Mexican mortgage markets, which remain constrained for foreign buyers. This financing accessibility is one of the most significant practical advantages of the Ciudad Maderas model for US-based investors.
Land appreciation independent of construction. Land in growing master-planned communities in Mexico tends to appreciate faster in percentage terms than finished properties during the early phases of development, as infrastructure investment and community maturation drive up underlying parcel values. Investors who purchase early in a development cycle and hold through community build-out have historically captured the most significant appreciation.
Build-when-ready flexibility. Unlike buying a finished home, purchasing a lot gives investors the flexibility to decide when and how to build — whether that means constructing a custom home immediately, holding the land as an appreciating asset, or building a rental property timed to market conditions.
Construction cost context. Construction costs in Mexico typically range from approximately MXN 12,000 to MXN 20,000 per square meter — or roughly $600–$1,000 USD per square meter at current exchange rates. For a 120 square meter (approximately 1,290 square foot) home, total construction cost would run approximately $72,000–$120,000 USD. Combined with a residential lot purchase, an investor can build a modern single-family home in a gated community with full amenities for a total cost that would not cover a garage addition in Chula Vista.
Ciudad Maderas in Context: The Developer's National Portfolio
Ciudad Maderas operates developments across Mexico's highest-growth cities — including Querétaro, Mérida, León, Monterrey, Cancún, Puebla, Chihuahua, San Luis Potosí, and Tijuana — which speaks to the institutional scale and multi-market experience behind the Tijuana offering. This is not a local developer with a single project; it is a national residential real estate company with a track record across the country's most economically dynamic markets.
For investors new to Mexico real estate, working with an established national developer with professional sales infrastructure, legal clarity on land titles, and direct financing capability significantly reduces the due diligence complexity compared to buying resale property from individual sellers.
How Foreigners Buy Property in Mexico: The Fideicomiso Explained
One of the most common barriers that keeps US-based investors from acting on the Tijuana opportunity is confusion about how foreign property ownership in Mexico actually works. The legal framework is well-established, investor-friendly, and widely used — it simply requires understanding before it becomes intuitive.
The Restricted Zone
Mexico's Constitution defines a "Restricted Zone" as all land within 50 kilometers of any coastline and 100 kilometers of any international border — areas within which foreigners cannot hold direct title to residential property. Tijuana, as a border city, falls within the restricted zone.
This does not mean foreigners cannot own property in Tijuana. It means they own it through a specific legal structure: the fideicomiso.
What Is a Fideicomiso?
A fideicomiso is a Mexican bank trust in which a Mexican bank holds legal title to the property while the foreign buyer — as the trust beneficiary — retains all ownership rights: the right to use, rent, sell, renovate, and bequeath the property to heirs. It is not a lease, not a time-share, and not a partnership with a Mexican national. It is a full ownership structure, recognized and governed by Mexican law, that has been used by thousands of international property buyers for decades.
A fideicomiso lasts for 50 years and can be renewed indefinitely. Setup costs range from approximately $2,000 to $3,000 USD as a one-time establishment fee, with annual maintenance fees of $550 to $1,000 paid to the bank as trustee.
The process of establishing a fideicomiso typically involves:
- Identifying the property and agreeing on purchase terms
- Engaging a Mexican notario público (a government-appointed legal official who oversees all property transactions in Mexico)
- Filing for a permit from the Secretaría de Relaciones Exteriores (SRE) — the federal ministry that authorizes foreign property ownership
- Signing the trust agreement with a Mexican bank
- Completing the formal deed transfer at the notary's office
The full process from initial offer to closing typically takes 4–8 weeks, and can be completed remotely through a properly executed power of attorney if the buyer cannot be present in Mexico for the closing.
Rights Under a Fideicomiso
Under a fideicomiso, foreign buyers have essentially identical rights to direct property owners:
- Use: You can live in, vacation in, or otherwise occupy the property
- Rent: You can lease the property to tenants and collect rental income
- Sell: You can transfer the property to another buyer at any time; if selling to a Mexican national, they may convert to direct title
- Renovate and improve: You can build, modify, or upgrade the property
- Inherit: The property can be passed to your designated heirs with minimal legal complexity
Closing Costs: What to Budget
Mexican real estate closing costs typically add 5–8% to the purchase price, and foreign buyers using fideicomiso structures should budget at the higher end of this range. A typical cost breakdown includes:
- Acquisition tax (ISAI): Approximately 2% of the registered property value
- Notary fees: Variable, approximately 0.5–1.5% depending on property value
- Public Registry: Approximately 0.03–1.15% of registered value
- Fideicomiso setup fee: Approximately $2,000–$3,000 USD one-time
- SRE foreign affairs permit: Approximately $1,500–$2,000 USD
- Legal/attorney fees: Variable
Bottom line: On a MXN 800,000 ($40,000 USD) lot purchase, budget approximately $2,000–$3,200 in additional closing costs plus the fideicomiso establishment fees, for a total out-of-pocket of approximately $44,000–$46,000 USD before any construction.
Mexican Mortgages vs. Cross-Border Financing
Mexican mortgage rates for local borrowers currently hover around 11–12% fixed, with the Bank of Mexico's key rate having declined to 7% in December 2025. For foreign buyers, local mortgage access is more limited and rates are higher — making the direct developer financing offered by Ciudad Maderas particularly valuable for lot purchases.
For buyers seeking dollar-denominated financing, cross-border lenders such as MoXi and MexLoans offer fixed-rate, dollar-denominated loans for Mexican property purchases, which can be significantly more favorable than peso-denominated alternatives and may be tax-deductible in the US for investment properties.
The Investment Case for Tijuana Real Estate in 2026
For South Bay investors evaluating the Tijuana opportunity, the investment thesis rests on several overlapping and mutually reinforcing factors.
Asymmetric Dollar Purchasing Power
This is the foundational advantage. The estimated average home price in Tijuana is approximately $165,000 USD, compared to approximately $983,000 in San Diego. A US-dollar investor buying in Tijuana is deploying dollars in a market priced in Mexican pesos — a currency that has historically depreciated against the dollar over time, providing a natural purchasing power advantage for dollar-denominated investors.
When Tijuana property appreciates at 10% in peso terms — as it did across top neighborhoods in 2025 — the dollar-denominated return reflects both the peso appreciation and any currency movement, which has historically added additional return for dollar investors over long holding periods.
Rental Yield Advantage
Tijuana neighborhoods like Otay Universidad deliver gross rental yields of approximately 6.5–9%, and La Mesa delivers approximately 6–8.5%. These yields dramatically exceed what US investors can achieve in comparable San Diego County markets, where gross yields on residential properties typically run 3.5–5% at current price levels.
The demand driving Tijuana rental yields is structural: cross-border commuters who work in San Diego and prefer Tijuana's lower cost of living, young professionals employed in the manufacturing and tech sectors created by nearshoring, digital nomads attracted by proximity to the US and dramatically lower costs, and international executives of companies with Tijuana operations who need furnished accommodations for extended stays.
Appreciation Trajectory
Over the past decade, Tijuana home prices have risen approximately 120% in nominal terms and 40% in real terms after adjusting for inflation. The nearshoring-driven demand surge of 2024–2025 accelerated that trajectory; forward projections of 7–9% annually through 2026–2027 suggest the market is normalizing toward a sustainable pace rather than reversing.
For land investors specifically, proximity to employment centers and master-planned community infrastructure is the primary value driver. Ciudad Maderas' Tijuana location, with its gated community amenities and developer support, positions it competitively within the broader market.
Portfolio Diversification
For US investors with concentrated exposure to US dollar assets and US real estate markets, Mexican property in Tijuana provides genuine geographic and currency diversification. Mexico's real estate market is driven by different macroeconomic forces than the US market — a feature, not a bug, for investors thinking about portfolio resilience across economic cycles.
Who Is the Tijuana / Ciudad Maderas Investment Right For?
Not every investor is positioned for the Tijuana opportunity. Here is an honest framework for evaluating fit.
The Tijuana / Ciudad Maderas investment is likely right for:
Bicultural and binational South Bay residents. If you already cross the border regularly, have family on both sides, understand how Tijuana operates at street level, and feel culturally fluent in the binational context — you are already far better positioned than most international real estate investors who approach Tijuana from a distance. Your cultural knowledge, language access, and existing binational networks are real investment advantages.
USD-earning professionals and investors. The dollar-peso arbitrage makes even modest USD investments meaningful in the Tijuana market. A down payment that would not move the needle in the Chula Vista market can secure a lot in a gated community with full amenities in Tijuana.
Long-horizon investors who understand emerging market dynamics. Tijuana is not a mature, stable market with predictable cycles. It is a high-growth market with meaningful risks — currency exposure, regulatory complexity, security considerations that vary by neighborhood — and the investors who do best here are those who enter with a 7–15 year horizon, understand those risks clearly, and are positioned to hold through volatility.
Buyers interested in building a custom home. The lot investment model is particularly compelling for buyers who want to build a custom home in Mexico on their own timeline — whether as a primary residence for retirement, a vacation home, or a rental property. The combination of lot price, construction cost, and community amenity infrastructure at Ciudad Maderas creates a total-cost-to-own picture that is genuinely remarkable by US standards.
The investment requires more caution from:
Buyers relying solely on capital gains in a short time horizon. Real estate in any market — and particularly in emerging markets — requires patience. Investors expecting to flip Mexican lots for quick profits, or who need liquidity within 2–3 years, should carefully evaluate their position before committing.
Buyers unfamiliar with Mexico's legal and regulatory environment. The fideicomiso system is well-established and investor-friendly, but it requires working with qualified legal professionals, notaries, and agents who understand the process. Attempting to navigate a Mexican property purchase without proper professional guidance is the most common source of costly mistakes for foreign buyers.
Investors concerned about security. Tijuana's security landscape is highly neighborhood-specific. Certain areas are among the safest residential environments in northern Mexico; others require more careful evaluation. Master-planned gated communities like Ciudad Maderas provide structural security advantages — controlled access, private security, community oversight — that open-street neighborhoods do not. Due diligence on security at the specific neighborhood and development level is essential before any Tijuana real estate investment.
The Cross-Border Wealth Strategy: Chula Vista + Tijuana
One of the most compelling — and least discussed — real estate strategies available to South Bay residents is the simultaneous ownership of US and Mexican property as a coordinated wealth-building approach.
A South Bay family that owns a home in Chula Vista, Eastlake, or Rancho del Rey already has US dollar-denominated real estate appreciating in one of the strongest school-zone markets in San Diego County. Adding a Tijuana real estate position — whether a Ciudad Maderas lot, a Zona Rio condo, or a residential property in a gated Playas development — diversifies that portfolio geographically and currency-wise while deploying capital in a market with significantly higher yield potential and a lower absolute price point.
This binational wealth strategy is not theoretical. It is something that thousands of South Bay families are already executing, quietly, as the open secret of the binational region. The families who entered the Tijuana market in 2015–2018 and held — while continuing to build equity in their Chula Vista or San Diego homes — have built portfolios that would be difficult to construct through any single-market approach.
For bilingual, bicultural families in the South Bay, this strategy is uniquely accessible. You already have the language. You already have the cultural navigation skills. You already understand how the region works on both sides of the line. What most families lack is the structured financial and real estate guidance to execute the strategy with clarity and confidence.
That is exactly what we help our clients do.
Due Diligence: What to Verify Before Any Mexico Real Estate Purchase
Whether you are considering Ciudad Maderas or any other Tijuana property, the following due diligence steps are non-negotiable for a safe and successful purchase.
Title verification. Work with a qualified Mexican notario público and legal counsel to verify that the property has clear title — registered in the Public Registry of Property, free of liens, and not subject to any ejido (communal agricultural land) status. Ejido land is the most common source of title disputes in Mexican real estate and must be definitively excluded before any purchase.
Developer credibility. For lot investments with developers like Ciudad Maderas, verify the company's track record, their completed projects, the legal status of the specific development (registered fraccionamiento with approved infrastructure), and the terms of the developer financing agreement in writing. Review all documentation with a bilingual attorney before signing anything.
Neighborhood security assessment. Visit the specific neighborhood at different times — not just during a developer-organized tour. Talk to residents. Review local crime data. Evaluate the specific security infrastructure of the community. A gated community with 24-hour private security provides meaningfully different risk exposure than an open-street property.
True cost of ownership. Calculate your total cost: lot price + fideicomiso setup ($2,000–$3,000) + annual fideicomiso fees ($550–$1,000/year) + closing costs (5–8% of purchase price) + property taxes (low in Mexico, typically 0.1–0.5% of assessed value annually) + any HOA or community fees. For buyers intending to build, add construction cost estimates and factor in the realistic timeline for permitting and construction completion in Mexico.
Currency exposure. If you are buying in pesos and intend to eventually sell or rent in pesos, understand your net return in dollar terms depends on both property appreciation and the MXN/USD exchange rate over your holding period. Dollar-denominated investors who bought in 2014–2016 when the peso was stronger saw some currency drag on their returns even as properties appreciated significantly in peso terms. Buyers who can structure rental income in US dollars (by renting to cross-border commuters paying in dollars) can hedge this exposure operationally.
Tax obligations. As a US citizen or resident, you are required to report foreign real estate holdings and income to the IRS. Mexican rental income is taxable in the US; capital gains on property sales may also generate US tax obligations. Consult a CPA with international tax expertise — specifically experience with US-Mexico cross-border real estate — before purchasing.
How Cardenas & Company Serves Cross-Border Investors
Cardenas & Company Real Estate Group occupies a unique position in the South Bay market: we are a Chula Vista-based bilingual team with deep roots in the binational San Diego–Tijuana community and the expertise to advise clients on real estate decisions that span both sides of the border.
We are not Mexico real estate agents — our primary practice and licensing is in California. But our role for clients considering the Tijuana opportunity is the advisor who helps you understand the investment thesis, assess your personal fit and risk tolerance, ask the right due diligence questions, and connect with qualified Mexican legal and real estate professionals who can execute the transaction with the rigor it requires.
For our clients who own US property and are considering adding a Mexico position — or who are South Bay residents navigating a binational lifestyle and want to understand how real estate fits into that picture on both sides — we bring the bilingual, bicultural, and financially grounded perspective that makes those conversations genuinely useful.
We are also the team you call when you are ready to buy in Chula Vista — because the Tijuana opportunity and the South Bay US market are not in competition. They are complementary parts of a binational financial life that we understand better than anyone else in the South Bay.
Ready to Explore the Mexico Real Estate Opportunity?
Whether you are just beginning to understand the Tijuana market, have a specific investment in mind, or want to talk through how a Mexico position fits into your broader real estate and wealth strategy, we are here.
📞 Call or text: (619) 494-0501 🌐 Browse Chula Vista homes for sale: View All US Listings 💰 What is your US property worth today? Get Your Free Valuation 📅 Schedule a free consultation: Book Time With Our Team
Se Habla Español | Bilingual Real Estate Services: San Diego & Tijuana
Frequently Asked Questions About Investing in Tijuana Real Estate
Can Americans buy property in Tijuana? Yes. Americans can legally purchase property in Tijuana through a fideicomiso — a Mexican bank trust that holds legal title while granting the foreign buyer all ownership rights. The fideicomiso is a well-established, investor-friendly legal structure that has been used by thousands of US buyers for decades. It lasts 50 years and can be renewed indefinitely.
What is a fideicomiso? A fideicomiso is a Mexican property trust required for foreigners buying in Mexico's Restricted Zone — which includes all border cities like Tijuana. A Mexican bank holds legal title, but the foreign buyer as beneficiary has full rights to use, rent, sell, renovate, and inherit the property. Setup costs approximately $2,000–$3,000 USD, with annual fees of $550–$1,000.
What are Tijuana home prices in 2026? The median home price in Tijuana in early 2026 is approximately MXN 3,700,000 — roughly $206,000 USD. Premium neighborhoods like Zona Rio and Hipódromo command MXN 40,000–75,000 per square meter ($2,200–$4,200 USD/sqm). Ciudad Maderas residential lots range from approximately MXN 350,000–1,200,000 ($17,500–$60,000 USD) depending on size and location.
How much is Tijuana real estate appreciating? Tijuana led Mexico's real estate market with approximately 12.8% price appreciation in 2025. Forecasts for 2026–2027 project continued growth of 7–9% annually as the market normalizes. Top neighborhoods like Zona Rio have seen condos appreciate 50% in value over four years.
What are the risks of investing in Tijuana real estate? The main risks are: security (which is highly neighborhood-specific — gated communities like Ciudad Maderas provide significant mitigation), currency exposure (peso fluctuations can affect dollar-denominated returns), regulatory complexity (requiring qualified legal professionals for proper title and fideicomiso structures), and liquidity (Mexican real estate markets are less liquid than US markets, with average days on market of approximately 60 days). All of these risks are manageable with proper due diligence and qualified professional guidance.
What are the tax implications of buying property in Mexico as a US citizen? US citizens are required to report foreign real estate holdings and income to the IRS. Mexican rental income is taxable in the US. Capital gains from property sales in Mexico may generate US tax obligations. Consult a CPA with US-Mexico cross-border tax expertise before purchasing.
How do I get financing to buy in Mexico? Options include: (1) direct developer financing as offered by Ciudad Maderas — down payment plus monthly installments, no Mexican bank required; (2) cross-border dollar-denominated lenders such as MoXi and MexLoans for larger purchases; (3) using US home equity or savings for all-cash purchases, which is common in the under-$100,000 lot market. Mexican peso mortgages are available but carry 11–12% fixed rates and have significant documentation requirements for foreign applicants.
What is Ciudad Maderas Tijuana? Ciudad Maderas is a nationally recognized Mexican master-planned community developer offering premium residential and commercial lots in gated fraccionamientos across Mexico's highest-growth cities, including Tijuana. Their Tijuana development features resort-style amenities (semi-Olympic pool, sports courts, gym, children's areas, event rooms) and offers direct developer financing, making it one of the most accessible and structured entry points into the Tijuana real estate market for cross-border investors.
Over 400 Families Served in Chula Vista & San Diego
With over 400 successful career transactions and 24 years of local experience, Cardenas & Company Real Estate Group isn’t just another agency—we are part of the community fabric. While big-box platforms might miss the full scope of our history, our clients don’t. From our downtown Chula Vista office to the hills of Otay Ranch, we bring a 5.0-star proven track record to every door we open.
Click here to see our office location and 5-star reviews on Google Maps
Legal Disclaimer
Ciudad Maderas San Diego (CMSD) is a marketing and referral entity. David Cardenas and Angela Avilez are real estate salespersons licensed in the State of California, operating under Cardenas & Co. Real Estate Group at Realty ONE Group Pacific (DRE #01862173). All real estate transactions involving Ciudad Maderas properties are located in the United Mexican States and are governed exclusively by Mexican Law. CMSD does not provide legal, tax, or investment advice; all prospective buyers are strongly encouraged to consult with their own legal and financial counsel. All referral fees for California-licensed agents are paid broker-to-broker in strict accordance with California Department of Real Estate (DRE) guidelines. "No Credit Check" and "Direct Financing" are provided solely by the developer, Ciudad Maderas.