This add appeared on the front page of the Barbados Nation News business section:
http://www.nationnews.com/news/business/
Apparently, judging from the ad above, CLICO Mortgage and Finance Corporation (CMFC) is offering 100% mortgages on raw land!
It is good to see that CMFC has money to lend. It is also reassuring to know that CMFC has great confidence in the long term value of Barbados real estate.
This Feb. 2009 article on BimChat, “Mia Mottley Cries Bloody Murder – $10M Taxpayers Monies Ought To Be Protected At Clico Disposal!” mentions “$10 million placed at the disposal of Clico Mortgage and Finance Company (CMFC), by the Central Bank”.
Could this be the reason CMFC has money to lend? Banks in the US do not like to lend money on land without a substantial downpayment. There are big risks involved when speculating with raw land.
Risky for the lender, CMFC, but great for the disciplined borrower!
6 users commented in " 100% Land Loans on Barbados Real Estate? "
Follow-up comment rss or Leave a TrackbackIs this stolen land that clico will be collecting money on.
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I’m surprised how you can create such a tremendous site. It’s amusing.
Thanks
Kemilo Brown
“GoRenter Rentals”
We need loan on raw land 4 acres on gulf of Mexico zone for 90 units condo.
$5,000,000 need loan for $2,000,000 I own land today. Just borrow on it youhave first mortage.
email me back your answer ok.
Thanks,
Jack at omeganotes@comcast.net
i need loan for $2,000,0000 on $5,000,000 raw land 4 acres we own today. On Gulf of Mexico at Marco Island Florida .
Zone for 90 units condo
Let me know your amount for loan perfect credit
jack at omeganotes@comcast.net
Hi to all, the contents present at this site are actually awesome for people knowledge, well, keep up the good work fellows.
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