Commercial Land Loans

Looking for a loan to purchase land to construct a commercial property? We break down everything you need to know about commercial real land loans here.

Download the Requirements for Commerical Land Loans

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.
 
Term
The maximum term of any commercial mortgage is fifteen (15) years.
 
Interest rate
Preferential interest rates offered.
 
Moratorium
Moratorium on principal payments offered up to one (1) year.
 
Fees
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

contact

Give us a call to discuss or make an appointment or contact a Sagicor Advisor at 246-467-7500
 
Joy Gibbs
Manager, Mortgages
1 (246) 467-7530
[email protected]
 
Dacosta Holder
Senior Mortgage Officer
1 (246) 467-5160
[email protected]
 
Rashad White
Mortgage Officer
1 (246) 467-5280
[email protected]