Sourcing a $1m Loan for an Off-Plan Property Purchase in the Cayman Islands

The Cayman Islands is a renowned location for prestige property, where property demand is limited and speed everything when it comes to successfully securing the best real estate.

Our client, a high-net-worth entrepreneur with a wide array of income sources, approached us to secure financing for the purchase of an off-plan property in Cayman, the largest and most developed of the Islands.

The purchase of the luxury apartment, valued at c. $1 million, required a specialised bridging loan at short notice to ensure the client wouldn’t miss this rare real-estate opportunity.

As is often the case for high-value property in Cayman, securing financing for an off-plan property presented several obstacles that we needed to overcome. The Cayman Islands market, while lucrative, is relatively niche and many lenders often exhibit additional caution with financing international property there. In this instance the client’s financial profile, though sizeable, robust and varied, included various income streams that traditional lenders often find difficult when attempting to assess affordability and terms. The urgency of the purchase added another layer of complexity, as our client needed to finalise the deal within a rigid timeframe to ensure the apartment could be secured and taken off the market.

As usual we initiated our process with a thorough evaluation of the client’s finances, plus reviewed the details of the off-plan property. Marrying these with our knowledge of the Cayman Islands real estate market and typical financing requirements. Recognising that a conventional lending solutions would likely be insufficient given the unique nature of the transaction and the tight deadline. We then developed a tailored strategy designed to source the best terms for our client from our panel.

This case highlights the effort we put in to understanding the client and their needs, which is always essential when addressing complex financial transaction. Only in this way can we help deliver a bespoke solution tailored for the client, that they would struggle to source themselves.

By leveraging our market expertise and industry connections, we successfully found the best terms for our client allowing them to proceed in one of the most prestigious real estate markets in the world.