The smart way to buy land in Cayman
- Local Owner Financing Program
- NO BANKS REQUIRED!
- Down Payment from CI $2,520
- Monthly payments from CI $560
- Fast approval
- Fixed Interest Rates
Own Your Land, No Bank Required!
Land for many budgets
Grand Cayman from CI $72,000
Little Cayman from CI $45,000
Low down payments
Grand Cayman from CI$2,500
Little Cayman from CI$1,575
No bank required
Our Local Owner Financing Program puts land in your hands!
Low monthly payments
Grand Cayman from $560
Little Cayman from $380
Why Easy Lot?
See how you could SAVE more than CI $15,000 in upfront fees compared to bank loans, based on a CI $72,000 lot!
Make a SMART investment for your future
The following comparison is based on a CI $72K lot. (All bank calculations are estimated)
Down Payment
🔥 Only $2,500
👎 Banks: $10,800
(based on downpayment of 15%)
Monthly Payment
🔥 Only $560
👎 Banks: Way more!
Valuation
🔥 Not required
👎 Banks: estimated $800
Interest rates
🔥 9% Fixed
👎 Banks: Can vary from 10% as of Sept 1st, 2023
Term Length
🔥 Flex- Up to 30 years
👎 Banks: Retirement Age Based
Approval
🔥 FAST!
👎 Banks: Can take months
Stamp Duty & Fees
🔥 $0 (Upfront fees)
👎 Govt & Banks: $6,840
Life Insurance
🔥 Not required
👎 Required by Banks
🔥Easy Lot: Only CI$2,500 upfront payment
👎 Banks: CI$18,440 upfront payments
Featured Developments
Secure your lot now in Grand Cayman or Little Cayman
High Rock Estates
📍East End – Grand Cayman
Reserve now
No upfront payment needed!
- Reservations start Sept 1st
- Lots from CI$72,000!
- Paved roads throughout development
- Access to power and water
- High speed internet access
Choose my lot
Elena Estates
📍Guy Banks – Little Cayman
Available Now!
Local Owner financing – No bank required!
- Lots from CI$51,150!
- Down payment from CI$1,575
- Monthly payments from CI$380
Choose my lot
TESTIMONIALS
Satisfied Landowners Share Their Stories
The competitive pricing and rare owner financing option at Ocean Breeze caught my attention right away. The courteous and highly professional staff made the process quick and seamless. With the rapidly rising costs of land, this was a great investment that I highly recommend to friends.
Jeana EbanksVP Operations
From the initial inquiry to the final paperwork, their team was responsive, helpful, and made the transaction smooth. I highly recommend them to anyone in search of a hassle-free property buying experience. They truly exceeded my expectations.
Alene Walters
They made the transaction very easy and I would certainly recommend this type of service, the Owner Financing Program, to my family/friends and colleague. This is definitely a very good investment. As a Legal Secretary, this suites my budget and it is an investment for the future of my 3 children. Thank you for this opportunity.
Joy McLaughlin-Pineda
I was struggling to meet all the requirements needed to receive a mortgage from the bank, mostly due to COVID-19 as they would not lend to anyone in hospitality. The process to receive financing was extremely quick and easy to do. I would highly recommend to my family and friends. I am now looking at my next investment with the company.
Anneka GreenwaySpa Manager
I highly recommend Cayman Development Group to anyone looking to buy a home. They are a great team of professionals dedicated to providing their clients with the best possible service.
Monty Gross
Their owner-financed program worked out great for us! Minimal paperwork is required, no back and forth like with the banks. Approved and sorted in less than a week. Customer service is always good, their pricing is very reasonable and I’ll definitely recommend anyone to buy through them.
JordanDepartment of Agriculture
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Explore all of our land options
Explore over 200 land lots across Grand Cayman and Little Cayman, offering a wide range of options to suit various budgets.
- Local Owner Financing
- NO BANK REQUIRED!
How it works
By following these 3 Easy Steps you can be a land owner in a matter of days.
STEP 1: Choose a lot
Choose your lot(s) in real time with our interactive map
Our new interactive map is the first of it’s kind in Cayman! You can check availability, view sizes and square footage all with a click of a button.
Give it a try, you have nothing loose and everything to gain!
Watch demo
STEP 2: Calculate your monthly payment
Use our Easy online calculator to determine your monthly payment
Easy calculator will instantly estimate your monthly payment based on your down payment, term length and lot price. Don’t worry, our calculator will do the work for you automatically. It really is that Easy, with Easylot!
Watch demo
STEP 3: Submit your application
Fill out your pre-approval application and submit
Other documents that can be used for address verification are as follows-
(a) Confirmation of address by landlord or family member who can confirm your residence.
(b) A clear and unexpired copy of your passport picture page
(c) A clear and unexpired copy of your drivers license
(d) A clear copy of a recent utility bill (within 3 months)
– Home Internet/Cable Service/ Land Line Service
– Cayman Water/Water Authority
– CUC
– Clean Gas/Home Gas
Watch demo
Explore Available Lots
Discover Easy Lot Through Videos
Step by Step: How to Apply for Your Dream Land with Easy Lot
What is Easylot?
What is the Easy Lot Owner Financing Program?
What’s Next After you’ve been Pre-Approved?
What’s Next After you’ve been Approved?
When Applying, Why Does Your Home Address Matter?
Easy to apply, fast approval
After choosing your lot or lots, choosing your monthly payments and submitting your application, you will receive an answer in
Backed up by Cayman Development Group, we created a special owner financing program with fixed interest rates and optional term lengths for qualified buyers just like you.
- Own Financing Program
- Own Financing Program
- Own Financing Program
- Own Financing Program
- Own Financing Program
- Own Financing Program
- Own Financing Program
Frequently Asked Questions
Have more questions?
Let’s talk!
Call (345) 936-2660
DO NOT TOUCH THIS
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Down Payment
If you’re considering paying a larger down payment on owner-financed land, there are several potential benefits and considerations to keep in mind:
Benefits of a Larger Down Payment:
- Lower Loan Amount: A larger down payment reduces the overall loan amount you need to finance. This can lead to lower monthly payments and less interest paid over the life of the loan.
- Seller Confidence: Offering a larger down payment can demonstrate your seriousness as a buyer and your financial capability to the seller. This may improve your chances of negotiating favorable terms.
- Equity Buildup: A larger down payment means you’ll have more equity in the property from the outset. This can provide a sense of security and potentially offer more options in the future.
Considerations for a Larger Down Payment:
- Available Funds: Make sure you have the necessary funds to cover the larger down payment without stretching your finances too thin. It’s important to maintain an emergency fund and account for other potential expenses related to the property.
- Opportunity Cost: Consider whether tying up a larger amount of money in the down payment might limit your ability to invest elsewhere or take advantage of other opportunities.
- Seller Agreement: Ensure that the seller is comfortable with a larger down payment. Some sellers might have their own preferences or limitations when it comes to down payment amounts.
- Legal and Financial Advice: It’s a good idea to consult with legal and financial professionals before finalizing any transaction involving a significant down payment. They can provide guidance on the legal implications and ensure that the terms align with your financial goals.
In conclusion, a larger down payment can offer several benefits when purchasing owner-financed land, but it’s important to balance your financial situation, future plans, and the terms of the agreement. Carefully assess your available funds and consider seeking advice from professionals to ensure that your decision aligns with your overall financial strategy.
Is the information I provide safe and secure?
- Yes, we take your data security seriously. We employ robust encryption and security measures to protect your information from unauthorized access
How is my information protected?
- We use industry-standard encryption protocols to safeguard your data during transmission and storage. Our security team constantly monitors and update our systems to stay ahead of potential threats.
Who has access to my data?
- Only authorized personnel with a legitimate need for accessing your data will have permission. We adhere to strict access controls and regularly audit access logs.
Do you share my data with third parties?
- No, we do not share your personal information with third parties without your explicit consent. Your privacy is a priority.
How do you handle sensitive information like payment details?
- We utilize PCI DSS compliant methods for processing payments. Your payment information is encrypted and securely managed following industry best practices.
What measures do you have in place against cyberattacks?
- We employ firewalls, intrusion detection systems, and advanced threat monitoring to safeguard against cyber threats. Regular security assessments are conducted to identify vulnerabilities.
What happens in case of a data breach?
- In the unfortunate event of a breach, we have a well-defined incident response plan. We will notify you promptly, take immediate action to mitigate the breach, and work towards preventing future incidents.
Can I delete my data if I choose to?
- Yes, you have the right to request the deletion of your data. We have a data retention policy in place, and you can contact our support team to initiate the data removal process
How do you ensure compliance with data protection regulations?
- We strictly adhere to relevant data protection laws and regulations. Our legal and compliance teams continually monitor changes to ensure our practices are up-to-date and compliant.
Where can I find your privacy policy?
- Our privacy policy, detailing how we handle your data, is available on our website. You can find it in the footer or privacy section of our website.
This depends on a few variables. Caymanian buyers purchasing land for the first time are exempt from Stamp duty if the purchase price is below CI $150k.
See application link below for more details.
https://www.caymanlandinfo.ky/Portals/0/Repository/2020%20Application%20Form%20for%20First%20Time%20Caymanian%20Property%20Buyers.49186c62-c5e9-4065-9807-8b44070c5d4b.pdf
Can I build on my Owner Financed Land?
Whether you can build on owner-financed land depends on the terms of the financing agreement and local regulations. Here are a few factors to consider:
- Financing Agreement: The terms of your owner financing agreement will dictate what you can and cannot do with the land. Some agreements may include restrictions on building until the land is paid off in full, while others might allow you to start building right away. It’s important to review the agreement carefully to understand any limitations or requirements related to construction.
- Zoning and Regulations: Local zoning laws, building codes, and regulations play a significant role in determining whether you can build on a piece of land. You’ll need to check with the local government or planning department to find out the zoning designation of the land and whether it allows for the type of construction you have in mind. Different zones have different rules regarding things like property use, setbacks, building height, and more.
- Permits and Approvals: Before you can start building, you’ll likely need to obtain various permits and approvals from the local authorities. This could include building permits, environmental assessments, and more. The process can vary depending on your location and the scope of your construction project.
- Owner’s Approval: Since you’re dealing with owner-financed land, the seller might have specific conditions or preferences regarding what can be built on the land. It’s important to communicate with the seller and ensure that your plans align with their expectations.
- Legal Advice: Given the complexity of land use regulations and the potential legal implications, it’s recommended to consult with a local attorney or legal professional who specializes in real estate and land use. They can provide guidance on the specific regulations in your area and help you understand your rights and obligations.
How does Owner financing Work?
Owner financing is an agreement where the seller of a property acts as the lender and provides financing to the buyer. Instead of the buyer obtaining a traditional mortgage from a bank or other financial institution, the seller directly extends credit to the buyer to purchase the property. Here’s how our owner financing program works:
- Negotiation of Terms: The buyer and seller agree on the terms of the financing agreement, including the purchase price of the property, the down payment, the interest rate, and the repayment term schedule.
- Sales Agreement: A purchase agreement is drafted that outlines the terms of the owner financing agreement. This agreement will confirm details such as the sale price, down payment amount, interest rate, repayment term schedule, and any other terms and conditions.
- Down Payment: The buyer pays a down payment directly to the seller. This down payment is often lower than the down payment required by traditional banks or lenders. Easylot requires a minimum downpayment.
- Title: The property’s title is transferred to the buyer once land is paid in full, giving them legal ownership of the property.
- Repayment: The buyer makes monthly payments to the seller based on the sales agreement. These payments cover both principal and interest, similar to a traditional mortgage.
- Interest Rate: Easylot’s interest rate for owner financing is currently fixed at 9%.
- Repayment Term Lengths: Easylot currently offers 180 or 360 month terms. The repayment period for owner financing is negotiable in certain circumstances.
- Legal Considerations: We recommend all buyers consult a legal professional to review their agreement in full.
How long does it take to approve owner financing?
- In general, it only takes a few days. This can vary depending on the details provided on your application form.
What factors can influence the approval time?
- The completeness and accuracy of your application including document verification are the most important aspects in gaining fast approval. Please take the time to complete your pre- approval application in full.
Are there any ways to expedite the approval process?
- Ensuring that your pre-approval application is complete and providing all necessary documentation upfront can help expedite the process.
What documents are required for the owner financing program?
- Easylot requires the following;
✅ A clear and unexpired copy of your passport picture page
✅ A clear and unexpired copy of your driver’s license
✅ A clear copy of a recent utility bill (within 3 months);
– Home Internet/Cable Service/Land Line Service
– Cayman Water/Water Authority
– CUC
– Clean Gas/Home Gas
In the event you do not have a utility bill, we accept the following;
- a) Cayman Islands Voter Registration Card; or
- b) Extract from telephone directory; or
- c) Credit Union statement (within last 3 months); or
- d) Signed letter from person who is regulated/ or supervised
Can I track the status of my application during the approval process?
- Once your application has been pre-approved you will receive information on how to set-up your customer profile. Your profile will have the life cycle of your application and documents. From here you will be able to monitor your process.
What can cause a delay in financing approval?
- Inaccurate or incomplete application, discrepancies in information or documentation, expired required documents.
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