Enness brokers Cayman bridging loans of any size and specialise in deals involving prime and high-value real estate. Enness can broker large Cayman bridging loans secured against luxury property in Cayman, including finance of $10 million or more.
Bridging lenders will offer you a short-term loan secured against real estate you own in Cayman. Bridging loans aren't used in the same way as conventional property finance: you will always use a bridging loan to achieve a specific outcome or solve a problem in the short term. You must have a solid plan for using and managing funds. Lenders will want to understand your exit before considering lending, although they are open to how you do this. Refinancing, property disposal (either in Cayman or abroad), and liquidity events are common exit plans.
How much you can borrow will depend on your property's value, plans, financial background and net worth, and exit. LTV in the range of around 60 or 65% for a Cayman bridging loan is standard, but some lenders are adaptable and can offer a little more or, sometimes, a little less. Some lenders can also consider securing a loan against multiple assets in Cayman or internationally to increase what you can borrow. This option is ideal for high-net-worth individuals with global property portfolios. The stronger your financial situation and background and the higher your net worth, the more you will likely be able to borrow.
Many lenders are happy to offer large bridging loans secured against Cayman property. Loans of $1 million or more are very common, and Enness can also arrange multi-million-pound bridging deals if your property and financial background support this.
Enness can also structure Cayman bridging loans for you if you or your advisers have specific requirements or requests to optimise or streamline borrowing. Enness can negotiate loans structured via entities and various ownership structures in Cayman or abroad. Experts in international and cross-border finance, Enness can broker bridging deals secured against Cayman real estate where you can use loan capital in other jurisdictions to buy property or for other projects such as investments, debt consolidation and so on.
Whatever your goals and requirements for a Cayman bridging loan, Enness will always be working on your side to deliver the best bridging loan for your circumstances. As well as negotiating a bridging loan for you, your broker will work with you and all the parties involved in the transaction to complete the deal as quickly as possible.