If you are in the market for a conventional mortgage in the Turks and Caicos, but don’t have the time or patience to deal with the banks, there is another option; Carib Capital. Carib Capital now has access to a conventional mortgage product at ‘bank rates’ without the bank. With rates starting at 5% for large residential and commercial properties, and a generous loan to value of 70%, Carib Capital is the best option for mortgages in the Caribbean.
Financing in the Caribbean has been a challenge since the great recession of 2009, as the banks and investors virtually stopped lending throughout the region. Over the past few years, private investors have been the predominant lending source as banks were still very leery of getting back into the market. Having a non-bank conventional mortgage option in the Turks and Caicos will assist a housing market that has really started to take off over the past 2 years.
Here are just a few of the keys to this mortgage product:
For more details, contact Carib Capital today.