Project Proposal Information For Construction Finance
The Jamaica Mortgage Bank (JMB) welcomes applications for construction finance to facilitate the development of affordable housing. Project proposal must conform with JMB housing guidelines to be eligible for consideration of project finance. The developer must be knowledgeable about the housing sector, have a good track record and the ability to fund 20% of the total Development cost.
The projects being presented must have an excellent probability of being sold before the completion of construction. An acceptable market survey and/or pre-sale contracts and affordability analysis of the market can demonstrate this. All approvals must be available. Construction contracts and documentation must be available for review. The construction loan request must be specified with adequate loan securities and a payback proposal.
Please direct proposals to:
Jamaica Mortgage Bank
33 Tobago Avenue