Financing in the Turks and Caicos

Since the great recession of 2008, financing for commercial and residential properties in the Turks and Caicos has pretty much dried up as institutional lenders pulled out of the region. Companies that were lending locally have had to cut back due to the number of bad loans on the books, and the local banks seem disinterested at best.

Carib Capital Ltd however has Caribbean lenders looking for projects to lend on in the Turks and Caicos. These lenders specialize in commercial and residential properties, with minimum mortgage amounts as low as $100,000. Private equity loans, although not ideal for long term financing, are filling the void left by other lenders in the area.

Financing Options in the Turks and Caicos

Private equity loans are non-bank mortgages, generally used for short term financing when the banks are not an option. Our private mortgages are generally done through a mortgage fund looking to invest their clients money in low risk projects where they can expect a better return on their dollar. Private investors also help to fill this space, and will usually offer smaller loan amounts for the right situation.

As the market in the Turks and Caicos rebounds, opportunities to invest and develop property grow. Don’t miss out on those opportunities just because the banks aren’t ready; private mortgage loans are a short term solution to get your project off the ground today!