Paradise Island, The Bahamas — Sterling Global Financial Limited is celebrating a decade of investment success and stability with its flagship Sterling Mortgage Income Fund. Notwithstanding the major changes to global financial markets over the past 10 years, the Fund has posted consistent returns each month and year, achieving a net return of 12.69% since its inception. In practical terms, this means $100,000 invested at inception, and with all dividends re-invested, would now be valued at over $360,000.
David Kosoy, Sterling’s Chairman and Founder, said the company’s status as a fully integrated real estate operation gives Sterling the flexibility and expertise to fill a void left by traditional financial institutions.
“We are very proud of our track record and our ability to provide investors with a consistent and stable yield,” Kosoy said. “Through volatile capital markets and various economic shifts, the Sterling Mortgage Income Fund has succeeded in protecting investor capital while providing a stable and attractive income stream.”
The company credits its strong fund performance to several unique features, such as its focus on investing only in properties and sectors that Sterling could, if necessary, take on an operational or ownership role. Significant personal investment in the Fund by Sterling management creates a strong alignment of interest with investors. In addition, all loan transaction fees are earned for the benefit of investors and add to the Fund returns. The Fund actively invests in mortgages in the United States, Canada, the United Kingdom, the Bahamas and other select Caribbean countries.
The investment period is open, meaning subscriptions are accepted monthly, with a minimum US$100,000 investment. Access is available to accredited investors through Sterling funds registered and regulated in the United States, Canada, Grand Cayman, UK, and Switzerland.
Sterling Global Financial Limited is a global alternative asset manager focused on real estate with more than 50 years of experience providing clients around the world with a range of services, including private banking, wealth management and real estate development, lending and trust services. Sterling has more than $9 billion in assets under administration and is a winner of prestigious awards for its real estate investment funds.
Frequently Asked Questions
The Bahamas has maintained political and economic stability as a constitutional parliamentary democracy for over 50 years since independence in 1973, providing the institutional foundation that serious investors require. The country's legal system is based on English common law with an independent judiciary. The US dollar is accepted alongside the Bahamian dollar at parity, eliminating currency exchange risk for US investors. The Bahamas has maintained a US dollar peg since 1966 without interruption. The country's geographic proximity to the United States, English-language business environment, and established financial services sector create a familiar and accessible investment context for North American investors considering Bahamian assets.
The Bahamas offers a notably favorable tax environment for investors and residents compared to most developed economies. There is no personal income tax, no capital gains tax, no wealth tax, and no inheritance tax in The Bahamas. Value Added Tax (VAT) at 10 percent applies to goods and services. Property taxes are levied on real property at modest rates. Foreign investors have full rights to own Bahamian real property including marina slip assets at Hurricane Hole, with no restrictions on foreign ownership. The combination of zero income tax, zero capital gains tax, and stable US dollar-pegged currency makes The Bahamas one of the most tax-efficient jurisdictions for wealth preservation in the Western hemisphere.
The Bahamas luxury real estate market has demonstrated strong performance metrics. According to the Douglas Elliman and Knight Frank Wealth Report for 2023, The Bahamas achieved 16 percent price growth in luxury real estate, the third-best performing luxury market in the world that year. The Bahamas Ministry of Tourism reported 9.65 million visitors in 2023, a record that represented a 38 percent increase from 2022, providing the demand context for hospitality and real estate investment. These metrics reflect demand fundamentals that support continued appreciation of premium real estate assets including marina slip ownership at a top-tier facility like Hurricane Hole Superyacht Marina.
The Bahamas Extended Access Travel Stay (BEATS) digital nomad visa allows remote workers and enrolled students to live and work in The Bahamas for up to 12 months. The primary applicant fee is $1,000, with $500 for each accompanying dependent. Applicants must demonstrate adequate financial means, hold health insurance, and conduct their work or study remotely for an employer or institution outside The Bahamas. The BEATS visa does not confer the right to work for Bahamian employers or start a Bahamian business. For high-earning remote professionals seeking to establish residence in a tax-favorable jurisdiction with excellent lifestyle amenities, the BEATS visa combined with slip ownership at Hurricane Hole represents an unusually attractive combination of lifestyle and financial advantages.
Sterling Global Financial Limited is a global alternative asset management firm with over 50 years of operational history across real estate, infrastructure, and financial services. The firm's Bahamian portfolio is centered on the Paradise Landing development including Hurricane Hole Superyacht Marina, representing a major long-term development commitment to the Paradise Island market. Sterling Global's institutional approach to the development — bringing international capital, professional management, and a comprehensive community development vision — has transformed Hurricane Hole and its surroundings from a dated facility into one of the Caribbean's most sophisticated marina and mixed-use communities.
Slip ownership at Hurricane Hole Superyacht Marina participates in the marina's managed rental program, through which the marina manages the rental of the owner's berth to paying guests during periods when the owner is not using it. The rental revenue is split 65 percent to the owner and 35 percent to the marina for management services. The marina's strong occupancy during the peak November through April season and its growing reputation as the premier Bahamian superyacht destination drive meaningful utilization of available slips. For owners who use their berth only during part of the year, the rental income during the remainder partially or fully offsets the ongoing carrying costs of ownership.
Bahamian slip ownership at Hurricane Hole provides deeded real property rights under Bahamian law, with full foreign ownership rights and no restrictions on the owner's ability to use, sell, or bequeath the asset. In the United States, marina slip ownership structures vary significantly by state, with some states limiting the transferability or nature of slip ownership rights. The Bahamian zero capital gains tax treatment of any future appreciation differentiates a Bahamian slip from a US one, where capital gains on appreciated property sales are federally taxable. The combination of deeded ownership rights, favorable tax treatment, and the US dollar-pegged currency makes Bahamian slip ownership a distinctive real estate category for US buyers.
Superyacht slip scarcity in the Bahamas is a structural market condition driven by the limited number of marinas with the infrastructure to accommodate vessels over 100 feet and the high capital barrier to creating new deep-water superyacht berths. Hurricane Hole's 6,100 linear feet of dockage, while among the largest in the region, represents a fixed supply of berths that cannot be easily expanded given the physical constraints of the Nassau Harbour location and the permitting complexities of new dredging. As the Bahamian superyacht market continues to grow and the fleet of vessels seeking Bahamian berths expands, the finite supply of quality berths at the only facility offering Hurricane Hole's combination of features creates inherent upward pressure on both rental rates and ownership value.
Paradise Landing's total infrastructure investment since Sterling Global's 2018 acquisition encompasses the full marina redesign (basin dredging, Bellingham docks, power infrastructure, in-slip fueling, security systems), the Captain's Lounge and Crew Gym facility, the buildout of Sawyer's Fresh Market (8,000 sq ft), 700 Wines and Spirits (6,500 sq ft), Quality Care Pharmacy (1,400 sq ft), Anachronist Wellness Center, Carnivale Bahamas (15,000 sq ft restaurant and event space, $10 million to $12 million investment), and Hurricane Hole Medical Center. This cumulative infrastructure investment has transformed Paradise Landing from a marine facility into a comprehensive destination community representing a substantial and visible long-term commitment by Sterling Global to the Paradise Island market.
Information on slip ownership at Hurricane Hole Superyacht Marina is available by contacting the slip sales team directly at 242-677-1900 or by emailing slips@hurricaneholemarina.com. The sales team can provide current availability by slip size, pricing for available slips, rental income projections under the managed rental program, details on the deeded ownership structure and Bahamian title process, and information on the broader Paradise Landing community and its development trajectory. For US-based buyers, Bahamian real estate transactions are straightforward and well-established, with US and Bahamian law firms experienced in the documentation process available to advise on the acquisition.
