top of page
Search

International Mortgages Caribbean Property



International Mortgages Caribbean Property

With Caribbean property sales on the increase this year many waterfront real estate investors are using favorable financing terms to secure their dream holiday homes and investments in the Caribbean.

Through our strategic relationships with leading banks and finance providers Waterfront Portfolio is now proud to present an International Mortgage product to our clients seeking support in buying real estate in the main Caribbean territories including;

Below is a snap shot of the international mortgage product offering:

  • Property Purchase – Up to 65% of $2.5m USD plus 50% of the balance

  • Property Construction – Up to 50% of $2.5m USD plus 40% of the balance.

  • Home Equity – Up to 40% of $2.5m USD

  • Land Loans – Up to 50% over maximum term of 10 years.

  • Condominium Purchase – Up to 60% of $1.5m USD plus 50% of the balance

  • Condominium Equity Release – Up to 40% of $1.5m USD

  • All mortgages will carry Principal and Interest payments

  • Minimum financing is limited to USD 250,000.00.

  • Interest rates are linked USD 3-month LIBOR (our spread above Libor is 4.0%)

  • Fixed rate options are also available with 2, 3 & 5-year options.

  • There is currently no penalty for accelerated or lump sum payments on facilities linked to variable rates, however where fixed rate options are exercised, penalties would apply.

  • Maximum 15 years term, or until retirement.

Security is by way of Registered Legal Mortgage over the property being purchased, supported by the assignment of property insurance adequate to cover the replacement value of the property/development.


Caribbean Property

For Condominium / Apartment Property

A separate Mortgage Interest Policy over the condominium unit covered by the mortgage, also a copy of the Insurance Policy Schedule of the Master Insurance Policy.

Where purchases are structured via Special Purpose Vehicles (SPV) Offshore Co, the following additional security will be required:-

  1. Charge / Assignment of shares in SPV