Jumbo Loans

We refer to jumbo loans as any mortgage over 1M USD. They are not adjudicated any differently than the rest of our loans, but they can be tougher to fund than a typical mortgage. Liquidity, risk, marketability of the property all come into play when you are considering financing a high end property. In the Turks and Caicos however, if you are not lending on high end properties, you might as well not be in the game.

Our Jumbo Mortgage Options

Bank loans are notoriously difficult to get in the Turks and Caicos; jumbo loans are even more difficult. For this reason, a lot of the deals we see are from clients who tried qualifying at the bank only to come to us later. We cannot match the rates of the banks, but we can offer you financing solutions where the bank could not.

Our qualification is fairly straight forward. We look at the marketability of the property, and the equity (down payment) in the home. Obviously as a fund, we do not have an infinite amount of capital, so that is also a consideration depending on the loan size and timing of the purchase.

Generally these high end properties are always in demand in Turks and Caicos. Not only do they come with beautiful beaches or views, but they tend to be great investments in terms of rental income and appreciation. Which is why we consider them great properties to lend on.

Direct Private Mortgages

One other option we have for these is direct private lending. This is where we ‘match’ an investor with a client looking for a jumbo mortgage. These loans are done outside of our fund but work effectively the same way for the borrower. Some investors we work with simple prefer the control they have by lending privately versus a pooled investment.

If you are looking to secure a high end vacation property in Turks and Caicos, talk to us today about our jumbo mortgage options. We offer competitive rates to make your desired property a viable investment.