shutterstock_133158968We offer Commercial Mortgages for the following:

  • Construction
  • Renovations
  • Purchase of Land
  • Purchase of Owner-Occupied Property

The basic requirements include:

  • Identification of Key Personnel / Directors – ID, DP, PP
  • Company Profile
  • Certificate of Incorporation
  • Business Proposal / Letter requesting the facility
  • Articles of Continuance / Incorporation and By Laws
  • Audited Financial Statements or Management Accounts with supporting bank statements (3 years)
  • Cash Flow projections
  • Downpayment / Funds for Closing Charges
  • Favourable Credit Reports
  • Notice of Directors, Secretary & Address
  • Evidence of security
  • Copy of VAT Registration (if applicable)
  • Downpayment / Funds for Closing Charges evidenced by statements from Finance Company / Bank / Credit Union / Unit Trust etc.
  • Purchase Agreement
  • Valuation Report (within 3 months) from one of our approved valuator: Linden Scott & Associates, Raymond & Pierre, Brent Augustus & Associates, David W. Knott or Terra Caribbean
  • Copy of Title Deed or Mortgage Deed
  • Up-to-date receipts for Land and Building Taxes, Water Rates and WASA Clearance Certificate
  • Statement on existing mortgage loans (if applicable)
  • Release in Escrow from mortgagee company
  • Life and General Insurance (available at Maritime)

Basic requirements for construction/renovations:

  • Approved Building Plans
  • Contractor’s Estimates
  • Quantity Surveyor’s (Hart & Leonard 1987 Ltd, Michael Samms or Welsh / Morris Associates Ltd) / Engineer’s Report
  • Valuation report on completion of construction or renovations
  • Completion Certificate