Caribbean Capitalist

Caribbean Capitalist, also known as Carib Capital, is a trusted brand that specializes in providing private capital and non-bank mortgages in select Caribbean locations. As a mortgage broker, they bridge the gap left by the local banks and offer funding through various sources such as private lenders, offshore mortgage funds, and traditional banking institutions. Carib Capital focuses on both residential and commercial properties in the Caribbean, catering to US, Canadian, and European non-resident borrowers.

Their residential mortgages are specifically designed for homes in tourist-based markets. While their mortgage loans may be slightly pricier than traditional bank loans, the speed and ease of qualification make them an attractive option compared to the complex banking process. In a region where the mortgage market is not well-established, Carib Capital works with multiple lending sources to ensure reliable financing, especially for non-resident buyers.

Additionally, they offer opportunities for investors looking to diversify their portfolio through secure and low-risk offshore funds. With a commitment to providing quality information and advice, Carib Capital deals directly with the borrower, eliminating the need for brokers and streamlining the loan process. They primarily lend in Turks and Caicos, Cayman Islands, and The Bahamas, but also consider financing in other Caribbean destinations.

Applying for a mortgage with Carib Capital is hassle-free, as their quick application helps determine financing options for the borrower's preferred island. Their primary mortgage product is the private loan, which is more common in the Caribbean than in North America. Private mortgages generally have higher rates and fees, as well as a higher down payment requirement.

However, they fill the gap left by banks that are less inclined to lend to non-residents. Carib Capital's loans typically have interest rates around 8% for existing residential properties, with fees varying based on the lender and location. The down payment required for qualification ranges from 35% to 50%, depending on the lender.

The advantages of these loans include their fast approval process and ease of qualification compared to traditional bank mortgages. In addition to residential properties, Carib Capital also provides access to private capital for construction loans and resort properties. Their goal is to offer loan options tailored to your favorite Caribbean destination.

Stay connected with Carib Capital for the latest mortgage news and try out their mortgage calculator for a better understanding of your options. Trust Carib Capital for your private capital needs in the Caribbean