Financial Services Provider – Equity Ltd

Equity Ltd. has been a financial services provider since December 1, 1996. It is a trustee licensed by the Turks and Caicos Financial Services Commission.

Equity Ltd. can facilitate mortgage loans on real estate in the Turks & Caicos Islands, generally to a maximum of 50% to 60% of the value of the property.

If you decide to participate as a lender in a loan made by Equity Ltd., your decision to lend is based primarlily on the value of the property as Equity Ltd., does not examine the financial statements or credit worthiness of the loan applicant.

Our associated law firm Twa, Marcelin, Wolf will prepare and register a first charge (mortgage) against the property, (in addition to other security documentation) and the legal fees for these services are 1% of the loan value (Paid by the borrower). It should be noted that borrowers in the Turks & Caicos Islands must pay a 1% stamp duty (tax) which is payable to the Turks & Caicos Islands Government upon the registration of charge (mortgage), at the Land Registry Office (Paid by the borrower).

Equity Ltd. typically charges a 1% finders fee/loan arrangement fee for acting as a mortgage broker and facilitating the loan (Paid by the borrower).

If you have funds you would like to invest, Equity Ltd. can place your funds on a loan secured by a first charge (mortgage) with a short term; one, two, or three years.

Twa, Marcelin, Wolf
Areas of Practice in the Turks and Caicos Islands

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