ENGLEWOOD, N.J. – Saint Barthélemy is the playground for the ultra-rich. It’s additionally the place one finds the very best actual property costs on the planet.
So when an investor needs to amass land for growth, or refinancing, or for any variety of causes, there’s by no means a difficulty. Or is there?
“Who would wish to use their very own cash?” says Kevin Wolfer, CEO of Kennedy Funding, a U.S.-based direct non-public lender with headquarters in Englewood, New Jersey. “And credit score markets are drying up — conventional lending is all however disappearing. There are only a few lenders within the U.S. who’re prepared or have the flexibility to shut on land within the Caribbean, and so they actually can’t shut it in a well timed style. Happily, we will. Lending in St. Barths and all through the Caribbean is our specialty.”
Surrounded by the breathtaking japanese Caribbean Sea, St. Barths is residence to a few of the most unique and splendid actual property on the planet. On this 9.26-square-mile island with a inhabitants of simply over 10,000, villas can price as much as 5 million euros — and as much as 4 instances that value for properties by the seashore. These are among the many most respected houses on the planet. Plus, due to the island’s pure magnificence and elite fame, it’s an more and more widespread luxurious vacationer vacation spot for the wealthy and well-known. Consequently, for traders and builders of actual property, St. Barths is a golden alternative.
However growth takes funding, and funding doesn’t come simple whether or not you’re U.S. or overseas primarily based and looking for alternatives overseas. It’s important to companion with a lender who not solely is prepared to work with worldwide offers — a uncommon discover in itself — however one which additionally has the experience and monitor file to take action. Kennedy Funding has garnered this experience in St. Barths.
“Solely Kennedy Funding has the community and know-how to efficiently cross borders to shut offers — and shut them quick — oftentimes in a matter of days,” provides Wolfer. “Debtors trying to purchase property, even uncooked land, in St. Barths and past come to us first as a result of our monitor file speaks for itself.”
Debtors might have a mortgage on land in St. Barths for any variety of causes. On the whole, utilizing one’s personal cash when shopping for land or constructing properties is inherently dangerous — and past that, most individuals, irrespective of how rich they’re, simply don’t wish to make investments their very own capital. Proceeds from a U.S.-based direct non-public lender can be used as a bridge mortgage whereas debtors pursue different funds. With the additional safety of a land mortgage, potential St. Barths property homeowners might be extra assured that they’re making sound investments, offering an necessary layer of additional safety in a deal.
A land mortgage from Kennedy Funding could be a game-changing entry level into this unique area. Kennedy is a global trade chief, as the one direct non-public lender with constant, profitable mortgage closures in different international locations, together with all through the Caribbean. In a aggressive land and property market, this data is crucial to success, particularly when time is of the essence.
Kennedy Funding’s confirmed success offers debtors an edge. “We deliver sturdy, firsthand information of a territory’s native legal guidelines to the desk so debtors stay compliant. As a direct non-public lender, we aren’t beholden to the identical restrictions and crimson tape as a standard lender. We look at every deal primarily based on its deserves, expeditiously assessing the potential of the funding and taking motion in days, not months,” Wolfer mentioned.
Mortgage proceeds can be utilized for a mess of functions, together with working capital, acquisition, and refinancing.
Since 1985, Kennedy Funding has been increasing its portfolio of profitable mortgage closures around the globe. Our spectacular monitor file of closures on St. Barths and all through the Caribbean has made us a frontrunner for land loans on this beautiful, tranquil island. When you’re excited by buying land in St. Barths, contact Kennedy Funding to be taught extra and start the land mortgage software course of, or go to www.kennedyfunding.com