If you are investing your offshore dollars in private mortgages, you can dictate the return you are looking to achieve. Obviously if your desired return is too high, no one will want the mortgage, but we are very confident that you will be please on your return based on the low risk of the investment.
Typical Mortgage Rates for a Private Mortgage in the Caribbean
Our mortgages range from 7% all the way up to 12%, with the rate being dictated by the risk. Generally 8% is in the norm for these loans, with loan to values of under 50%. These clients buying a vacation property or second home, are high quality clients, who are in a strong financial position. This differs from traditional private mortgages where the clients are normally in a poor financial situation.
For higher rates, generally the properties are less marketable or a different property type (ie commercial). These are usually shorter term loans, and require more underwriting than a simple rubber stamp.
Typical Properties that We Facilitate For our Clients
As mentioned above, highly marketable vacation properties in some of the Caribbeans top destinations. As the mortgagee, you decide the location, property, clients and returns on the mortgage. We always provide input, however you are the lender. If there are locations you prefer, we will only refer mortgages to you for those spots. The mortgage has to work for you as well as the borrower.
Ideally properties are income producing, meaning the properties pay for themselves; this minimizes your risk even more. We only facilitate low risk loans on high quality clients!
Talk to us today about the opportunities that exist in the private mortgage sector of the Caribbean marketplace.
