Borrower Portal
Investor Portal

Banks do not always see the whole picture.

Sometimes an opportunity doesn’t fit a bank’s lending criteria, but that doesn’t mean it’s the wrong opportunity. 

We take the time to understand the property, the people behind it and what you’re trying to achieve before making a decision. Whether you’re purchasing, refinancing or funding a development, we’ll look at the circumstances rather than relying solely on a standard lending process. 

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Sometimes a borrower has substantial assets but their capital is tied up elsewhere.

Having substantial assets doesn’t always mean you have immediate access to capital. Sometimes the opportunity arrives before the liquidity does. 

 Rather than relying on a checklist, we take the time to understand the wider circumstances before deciding whether we’re the right lender. 

Borrow | Portico

Lending Services

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Construction finance

Whether you’re building a home, a commercial property or a larger development, construction rarely follows a perfectly predictable path.   We provide funding throughout the build, taking the time to understand both the project and the people behind it before making a decision. 

Bridge finance

Bridge finance is designed for situations where timing matters. It might be the purchase of a property before another has sold, or a transaction that simply can’t wait for traditional lending. 

Refinancing

There are many reasons to refinance. You may be replacing an existing facility, releasing equity or moving to a lender that’s a better fit for your circumstances. Whatever the reason, we start by understanding what you’re trying to achieve. 
How we work

Lending decisions are made by people.

We start by understanding the situation.

Every borrowing requirement is different. Before making a decision, we want to understand the property, the circumstances and what you’re trying to achieve. That conversation is an important part of deciding whether we’re the right lender. 

We look at the whole picture.

Not every borrowing requirement fits neatly within a bank’s lending criteria. We look beyond a checklist, taking account of the property, the borrower and the circumstances before reaching a decision. 

We keep the process straightforward.

Borrowing doesn’t need to be complicated. We keep you informed, explain our decisions and aim to move as quickly as the circumstances allow. 

Frequently asked questions.

How much can I borrow?

Our standard mortgage is up to 60% of the property’s value, excluding furniture. In some circumstances, we may consider higher where there are mitigating factors to reduce the additional risk.

If a loan goes into default, time matters. Holding the property in a company allows us to take control sooner if that becomes necessary, helping to preserve the equity in the property and limit potential losses for investors in the fund.

You can apply through our secure online application or complete a paper application and send it to us by email.

Our mortgages usually carry a penalty of three months’ interest if they are repaid partway through the term. This does not apply when two months or less remain. We can discuss the likely timing with you before the mortgage is put in place.

You can wire your mortgage payments to our local TCI bank. Alternatively, you can open a local bank account and make monthly payments by transfer or post-dated cheque.

Yes. We offer construction finance under specific terms, depending on the project and the property. Contact us and we can talk through what you are planning.

Our pricing reflects the type of loan and the level of risk involved. Standard loans are priced competitively, while lending that is less widely available in the market may carry a higher rate. We will explain the rate and the reasons behind it before you decide whether to proceed.

Interest-only payments are available. If you would prefer to repay some of the principal during the term, we can discuss an amortisation schedule with you. In some cases, we may require the loan to amortise where that is more appropriate for the property.

Rates vary according to the type of loan, the loan-to-value ratio and the overall level of risk. They are typically 1% to 2% above prevailing bank rates in Turks and Caicos.

We are an equity-based lender, so the property and the amount of equity you hold in it are central to our decision. We also consider the borrower and the circumstances behind the loan. If the property is marketable, located in a tourism-related area and has the required equity, the process is generally straightforward.