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 The Jamaica Mortgage Bank (JMB) welcomes applications for
construction finance to facilitate the development of affordable
housing.
Project proposals 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.
The JMB will require information on the items listed below to
evaluate your project proposal for construction finance.
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.
The JMB will require information on the items listed below to
evaluate your project proposal for construction finance.
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