Lending Information
It is possible for foreigners to open bank accounts and borrow to finance a purchase. Local banks will generally lend between approximately 50-75% of the property value to foreigners and will generally require a first legal mortgage over the property. If lending to a company, the lender will also require a guarantee from the shareholders and/or directors. The terms of the loan can go to an extent of 20 years, but usually 15. Listed below is the lending institution we recommend.
Frank Ebanks
International Premier Manager
FirstCaribbean International Bank (Cayman) Ltd
P. O. Box 68 G.T., 25 Main Street
Grand Cayman, Cayman Islands
Tel: 1-345-815-2260
Fax: 1-345-815-2293
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.firstcaribbeanbank.com
Client Care: This email address is being protected from spambots. You need JavaScript enabled to view it.
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