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Westerly Mortgage Trust
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| Lender |
Hong Kong based Trust established in 1992
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| Security |
First charge over Applicant's Project plus 10% of the Loan Sum deposited with the Trust, returnable upon repayment of the loan. The 10% can be in the form of cash or another bankable Instrument.
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| Currency |
USD or Euro |
| Term |
15 years |
| Interest Rate |
Zero however the Trust will require to hold 29% equity in the Applicant's project.
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| Loan to Value Ratio |
100% of cost |
| Minimum Loan |
USD 100 million or Euro equivalent
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| Processing Costs |
Zero |
All Applications Must Be Submitted In English
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