FAQ

Our management fees are only 1.5%, which compares favorably to other similar investments on and off island. Expenses we try to keep just as lean, however we do have to balance this with liquidity for redemptions so spreads tend to be larger than the simple management fees.

Forced sales are not common when dealing with this quality of borrower, with this much equity in the property. Borrowers situations can change, and economic conditions also change, however we weigh all of this in determining our overall loan exposure to protect our investors principal.

We target annualized returns between 6.5-8.0% after management fees and expenses. Although the returns are predictable, they also fluctuate based on a number of factors, some of which are outside of our control. These returns listed above are not ‘guaranteed’, but rather what we have earned our investors in the past.

We are quite different than the other options in the market. Some companies operate as direct private lenders where the investor is the only lender on the  mortgage. Others operate as a more traditional pooled investment, with a much different appetite than G&P Capital. By maintaining a low risk book, we are able to keep our fees lower, to maximize returns for our investors.

G&P Mortgage Fund is regulated by the Turks and Caicos Financial Services Commission, where we are audited to ensure our investments match our investor prospectus. We cannot lend outside these boundaries, and all loans inside the fund are approved by our board of directors.

Yes, however our minimum investment is higher due to the extra administration and due diligence required. Call us to discuss in more detail.

Of course there are never guarantees when investing, however the investment we offer should be very similar to the returns you are seeing now, but with much less risk to your principal. With direct private lending, you need to be the expert and approve your own loans, while also risking all your own money. With pooled funds, your risk is mitigated by diversification across many properties and many investors. A fund continues to pay you as well, whereas with direct lending you only get paid as long as the borrower is paying you, and the loan is in force. If the loan is paid out, it could take months to find another option at which time you are not earning interest on your funds.

We are an equity based lender, which means the primary concerns we have are equity in the property and the property itself. That is not to say we do not look at the borrower, but if you have a marketable property in a tourist zone, and have the required equity you need, qualification is fairly straight forward.

Our rates vary depending on the loan type, loan to value, and overall risk. Typically we are 1 – 2% above the going bank rates in TCI.

We have payments as low as interest only (non-amortized mortgages). If you would like to amortize your loan, and set your own payments we can accommodate this. In some cases, we may amortize the loan if we do not believe the life of the property will last as long as the amortization.

Our pricing is done very strategically to ensure we are priced very competitively for standard ‘cookie cutter’ loans. On loan types that are not as competitive or being adequately serviced in the market we charge higher rates. We want to always be the ‘best’ option in the market.

We offer construction financing under specific terms. Contact us for more information.

There are a couple of ways to pay your mortgage. You can wire the payments to us at our local TCI bank. Or you can open a local bank account and make monthly payments through transfers or post dated cheques.

Our mortgages usually have a 3 month interest penalty if paid off mid-term unless you have 2 months or less  left in term. We can tailor our loans to your specific situation.

There are 2 different ways to apply for a mortgage. You can do it on our secure, online application or fill out a paper application (here) and send it to us at contact@gpcfunds.com .

As a private lender, if a loan goes into default, time is the principal concern. The longer a mortgage is not being paid, the less equity there is in the property . By putting the mortgage in a company name, it allows us to take control of the property sooner, to mitigate the amount of time and potential losses to our investors.