In Nicaragua the majority of sales are still completed as cash transactions.
There are situations where it could be possible to negotiate a payment plan with developers/owners. However these arrangements are not generally over a long period of time and typically require a significant upfront payment.
With pre-construction or off-plan property purchases, progress payments are structured over the construction period, which usually takes between 6-18 months.
While technically it is possible for a foreigner to get financing from local banks such as BAC and Bancentro, the process is rather convoluted and the interest rates uncompetitive when compared with the US, for example.