Financing

Mortgages and construction financing are provided according to guidelines based upon creditworthiness and other individual factors. Publication of the following general conditions, rates, and terms does not constitute a commitment to lend; individual rates and terms may differ and are subject to change.

Basic Terms

• Minimum residential mortgage loan $100,000 US

• Maximum residential mortgage loan $10,000,000 US

• Interest rates 7-10% fixed, depending on borrower’s individual qualifications

• 20- to 30-year amortization, with 5- to 10-year balloons

• Target LTV 80%; in some cases we can get a CLTV as high as 100%

• All-inclusive financing for purchase and/or construction (i.e., "construction-to-permanent" financing): These funds can be used for purchase of an existing home/condo, or for purchase of land and construction of a home on that lot. Construction funding may be disbursed in a single draw, or in multiple phases.

• Commercial/development financing for development projects; $5m US minimum, no maximum.

• Even for prospective buyers with less-than-perfect credit history and weaker financial, we also have financing available at somewhat higher rates, typically 12-15%.

Please contact us at info@icaribbean-realty.com to inquire about financing for a particular property.