Last quarter our investors earned 7.46%!!”
G&P Mortgage Fund Limited
At G&P Capital Limited, investing in Turks and Caicos is our business. We are dedicated to investing in mortgage opportunities here that result in solid returns while minimizing risk and fluctuation. We lend private capital through our mortgage fund on TCI properties (pooled investment), with a goal of fair rates to our borrowers, and fair rates of returns for our investors.
Our philosophy at GPC is quite simple; we only lend on high quality real estate, to strong borrowers, at modest loan to values. In other words, we don’t take unnecessary risks with our clients money. We have a whole team behind us to ensure every step of the process is done to the highest of standards.
What is a Mortgage Fund?
A mortgage fund is a pooled investment operated by a fund manager. The manager invests into private mortgages. The fund raises capital by selling units in the trust and then lends that capital out in the local market. Investors then share in all the returns in the fund.
Mortgage funds in TCI differ from direct private mortgages in that the TCI investors of the fund, never own more than a small percentage of the loans in the fund. If a mortgage goes into default, this risk is shared by all the investors, not just one. It is also just a small percentage of your return that is affected as well.
Why a Turks and Caicos Mortgage Fund?
The Turks and Caicos is unique in a lot of ways. Most notably for our purposes is the lack of institutional liquidity in the real estate market; the banks don’t lend a lot of money. This lack of activity has created a strong secondary market to fill the void.
Unlike in North America where private mortgage lending is done on the periphery, the secondary market in TCI has replaced the banks in some respects. Rather than deal in poor quality borrowers or less marketable properties, we lend to AAA clients on the best properties Turks and Caicos has to offer!
Our typical borrowers are wealthy non-residents, looking to buy vacation homes in the Turks and Caicos. We do not lend to distressed borrowers or on properties that are not highly marketable. We are the envy of private mortgage lenders everywhere. Investing in Turks and Caicos made safe and easy!
AAA Clients
AAA non-resident borrowers looking to purchase a vacation or investment property.
In a Company
Require all our loans be put in a company name so we can take control faster in a default situation.
The Best Real Estate
Only lend on prime Turks and Caicos real estate. Location, location, location.
Hurricane Insurance
Mandatory hurricane insurance on all of our properties, and we ensure that the insurance stays in place for the term of the loan.
Significant Equity
Require significant equity or down payment in the property in case of future default.
G&P Attorneys
Owned in part by a reputable law firm who will go the extra mile to protect our investors interests.
Fund Highlights
G&P Mortgage Fund is a registered investment vehicle in TCI for sophisticated investors who choose a less ‘hands on’ approach to investing offshore.
Our primary market in the Turks and Caicos is Providenciales, although we will consider the other islands if the fundamentals of the deal are strong.
Unlike traditional private mortgage funds, which concentrate on the distressed mortgage market with aggressive loan to values, we work in the ‘A’ space (prime bank business). We focus on vacation and investment properties. Strong borrowers, highly marketable properties, low exposure, strong returns.
Our objective is to deliver consistent returns with enhanced protection of investment capital through limited lending exposure.
Target return between 8% to 9.5% before management fees and expenses, with a targeted net annualized yield of 6.5% – 8% (per annum).
6.83% Annualized Return Since Inception
The Fund offers only first charge residential and commercial mortgages to strong borrowers for existing properties, land and construction financing originated directly through our existing marketing channels. All loans are made in US dollars.
Target loan size between $200,000 – $3M, with a maximum of 65% LTV.
Fund consists of fixed 1 to 3 year loan terms (renewable).
Interest only or amortized payments.
Loans are generally closed but can be paid out with a 3 month prepayment penalty.
Returns are similar or higher in the Caribbean than they are in the North American market, with much less exposure.
Talk to us today about the benefits of investing in the G&P Mortgage Fund. Offshore mortgage funds are a great way to diversify your portfolio with a safe, real estate backed investment. Keep up with GPC and Turks and Caicos on our blog.
Fund Specifications
Investment Manager – G&P Capital Limited
Company Vehicle – G&P Mortgage Fund Limited
Target Annualized Returns – 6.50% – 8.00% net of management fee and operating costs
Fund Size – Unlimited
Currency – USD
Management Fee – 1.5%
Minimum Investment – $100,000 USD
Redemptions – Quarterly with at least 30 days’ notice
The Mortgage Process
Every loan we do goes through the same process to ensure that we not only operate efficiently, but also to protect our investors interests. Each part of the process is handled in a meticulous way, which works as part of an integrated platform for a seamless customer experience. Here is our 10 step process:
- Application submission
- Initial review
- Set pricing based on loan type
- Collect deposit
- Order Appraisal
- Issue commitment letter
- Collect signed commitment and requested documents
- Complete Compliance and Documents Review
- Send instructions to lawyer
- Closing