UNION CAPITAL MORTGAGE CORP
COMMERCIAL MORTGAGE LENDING
REAL ESTATE LENDING
RECENT LOAN CLOSINGS
Union Capital Mortgage is financing existing hotel and resort properties in the Caribbean Islands. Of particular interest are the following locations:
Anquilla, Antigua, Aruba, Barbuda, Bahamas, Barbados, Dominica, Dominican Republic, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent & the Grenadines, Trinidad & Tobago, Turks & Caicos
Other locations will be considered.
Loans are Non-Recourse or Limited Recourse, Interest Only,
3-7 year terms,
Floating rate over LIBOR, up to 75% LTV
on performing p
roperties and up to 50% on non-performing properties.
Minimum loan amount: $4 million (prefer $5)
( No new construction or non-operating half built properties at this time)