Tampa-based mortgage resource portal CaribbeanMortgageLoans.com has launched hard money bridge loan programs for Caribbean properties. The company offers quick-funding bridge and mortgage loans for the purchase, acquisition, development, and construction of properties in stable Caribbean countries.

Tampa, United States - October 17, 2019 /NewsNetwork/ —

CaribbeanMortgageLoans.com a Tampa-based mortgage resource portal announced the launch of hard money bridge loan programs for Caribbean property development. These programs primarily support buyers and investors seeking to purchase, acquire, develop, or construct properties in this and other safe international locations.

More information is available at https://caribbeanmortgageloans.com

International property development in the Caribbean is an area of significant interest among homeowners, real estate investors, and agencies. Residential market research from the region shows a strong demand for second homes, indicated by rising prices in St. Barts, Mustique, and other prime areas. In turn, the commercial real estate market benefits from this demand.

With its new launch CaribbeanMortgageLoans.com allows US commercial investors to purchase investment properties in the Caribbean. Investors are connected to direct funding sources without having to work with broker chains.

Caribbean property hard money bridge loans for purchases, acquisitions, and development feature up to 65 percent loan-to-value (LTV) and 90 percent combined LTV—that includes balances of all outstanding loans on the property. The company offers hard money bridge loans in the Bahamas and Barbados for cash-out refinancing alongside commercial mortgage products for income-producing properties.

Borrowers looking to purchase apartments & condos in the Dominican Republic, St. Maarten, St. Lucia, the US Virgin Islands, and other areas can expect hard money bridge loans to close in 30 to 45 days. Hard money loans for Caribbean properties enable purchases until the borrower can secure other conventional financing programs. Caribbean commercial mortgage loans typically have a 45- to 60-day closing and funding period.

According to a spokesperson for the Tampa hard money loan company, “The revival of investor interest in Caribbean property markets is a good sign for the local economy. Our flexible and quick-funding loan products are designed to support the acquisition and development of new and existing commercial properties in this region.”

CaribbeanMortgageLoans.com is headed by Ray Wateska of Westshore Mortgage & Investments. Ray is a federally registered and approved National Mortgage Licensing System (NMLS) Mortgage Loan Originator and Loan Broker. He is also licensed by the State of Florida Office of Financial Regulation (FLOFR).

For more information and a free consultation, call 813-749-6953 or visit the URL above.

Contact Info:
Name: Ray Wateska
Email: Send Email
Organization: CaribbeanMortgageLoans.com
Address: 8270 Woodland Center Blvd., Tampa, FL 33614, United States
Phone: +1-813-749-6953
Website: https://caribbeanmortgageloans.com/

Source: NewsNetwork

Release ID: 88927233