• 65% loan-to-value (35% down payment)1

  • 5 year term loan, interest only (to be renegotiated in 5 years)

  • 4.0% fixed for first 3 years

  • MMRR + 2.25% for final 2 years2


1 65% LTV for non-penthouse units; 50% LTV for penthouse units (50% down payment required).
2 This rate is based on the Mortgage Reference Rate at the beginning of year 4 of the total 5 year period.

  • All loans are jointly underwritten by CIBC FirstCaribbean International Bank and RBC Royal Bank (Trinidad & Tobago) Limited.
  • Each Borrower must qualify for and be approved for the financing by both of the lenders in accordance with each lender’s usual and customary lending criteria and approval process. There is no guarantee or commitment that a Borrower will qualify or be approved.
  • Terms subject to change at the discretion of the lenders.
  • All loans are denominated in TTD currency.
  • No management fees apply.
  • No prepayment penalty.
  • No independent valuation report required.
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CIBC-FCIB Mortgage Contacts

Arvind Brijbassie

Phone: (868) 628-5214

Mekeisha Fraser-Lee Wen

Phone: (868) 628-5200 ext6204

RBC Royal Bank (Trinidad & Tobago) Mortgage Contacts

Gillian Beharry

Phone: (868) 625-7288 ext33400

Penny Kallicharan

Phone: (868) 625-7288 ext33407