Overview
Sagicor offers commercial mortgages to established, growing or new businesses. Our packages feature flexible customized payment options to help your business add value, increase market share, and improve profits.
Apply for a commercial mortgage today when:
- Purchasing commercial property
- Purchasing commercial land
- Constructing commercial building for own use or investment purposes
- Expanding/ renovating or upgrading owned property
Maximum advance
Commercial mortgages are available for financing up to 75% of the cost, purchase price or appraised market value of the property, whichever is the lesser.
Commercial mortgages are available for financing up to 75% of the cost, purchase price or appraised market value of the property, whichever is the lesser.
Term
The maximum term of any commercial mortgage is fifteen (15) years.
The maximum term of any commercial mortgage is fifteen (15) years.
Interest rate
Preferential interest rates offered.
Preferential interest rates offered.
Moratorium
Moratorium on principal payments offered up to one (1) year.
Moratorium on principal payments offered up to one (1) year.
Fees
Fees are negotiable.
Fees are negotiable.
Information Required
- Business Plan
- Audited Financial Statements for the last three (3) years &/ Management Accounts
- Cash Flow Projections
- Proof of Incorporation/Registration
- Articles of Incorporation
- By-Laws
- Proof of identification for the company shareholders
- Any other information as required
