G&P Mortgage Fund in TCI
There is a new offshore investment opportunity in the Turks and Caicos; the G&P Mortgage Fund Ltd! This new fund which focuses on secondary residential and commercial mortgage market, will offer a solid return for it’s investors while minimizing the traditional risks of mortgage investments.
It is time to get your money working! If you are holding funds in a TCI bank (or any bank for that matter), and not earning enough interest through low yielding bonds, T-Bills or GIC’s, this is the perfect solution. Trident Mortgage Fund offers a low risk, predicable return for your capital without a long term commitment.
Why a Turks and Caicos Mortgage Fund?
Investing in mortgage funds in North America is commonplace. They are generally considered a medium risk, medium reward vehicle for investors who want more than the 2 or 3% return they can get from their banks. These funds generally invest in loans that the banks and sub-prime lenders won’t do; a loan of last resort. Due to the number of lenders and options in the market, the space these lenders work in is small, meaning they have to take more risks to lend their capital. This is the downside of mortgage funds in the US or Canada.
The G&P Mortgage Fund is a different offshore investment. Due to the limited lending appetite of banks in TCI, and the difficulty of timely qualification, the quality of loans and clientele is significantly better than you traditionally see from these investments. The fund primarily lends on highly marketable income producing property. The overall fund exposure is low, the clients are AAA, and the funds are lent at private mortgage rates!
Investment Criteria
- $100,000 minimum investment
- Solid returns
- Lower exposure, lower risk loans
- Experienced fund management
Basics of the Loans Offered by the Fund
- Client must pass due diligence checks and be able to service debt
- Property must be in the tourist/expat areas (highly marketable)
- Maximum 65% loan to value
- First mortgages only
- All mortgages registered with the Turks and Caicos Land Registry
- G&P Mortgage Fund Ltd is registered and Regulated by the Turks and Caicos Financial Services Commission
Traditional Mortgage Funds Versus Caribbean Mortgage Funds
Mortgage funds in the US and Canada tend to target a different market than those in the Caribbean. Banks lend to the AAA clients; subprime lenders work with clients who don’t quite qualify with the banks. So who does that leave for the private lenders to deal with? Everyone else.
In Turks and Caicos however, the banks are not nearly as active nor are there any subprime lenders. This means the offshore funds deal almost exclusively with AAA non-resident clients. They do not lend on properties that do not meet a high standard of marketability nor do they lend to anyone in a distress situation. Simply put, they lend to wealthy clients looking to purchase highly marketable vacation and investment properties in TCI.
Investment Inquiry
G&P Mortgage Fund Ltd is managed by G&P Capital Ltd.