ABOUT US
Key to
Success
We offer services to young professionals and existing professionals looking to purchase their first home or investment property as well as local and international companies looking for retail/commercial offices for their businesses.
Mission Statement
At Legacy Developments Ltd., we aim to create and deliver new residential and commercial properties as we work to create sustainable communities in the local market to satisfy the growing market demand.
Legacy Services
the following services to Clients:
Planning and management of the numerous planning and building approval process to commence residential or commercial development.
Determining the scope of work needed to be done, establishing timelines, and assigning roles of responsibility.
Evaluating the risks involved in a particular project and managing these risks.
Ensuring the quality of completed work adheres to the established standard.
Effective management of stakeholders in the project.
Financial monitoring to ensure the project is running on time and within the budget.
Addressing any unexpected changes to the project and determining solutions to ensure the project delivers the expected outcomes and benefits.
Complete market research to obtain solid understanding of local market and identify development opportunities.
Create residential or commercial development to address market needs based on market research.
Create strategic, marketing and investment plans to secure sufficient capital and sales to complete real estate projects and achieve profitability goals.
Acquire property or partner with landowners and create development concept/plan for the property.
Coordinate strategic partnerships with key stakeholders to complete cost assessment of project.
Determine profitability of new residential or commercial development.
Manage the construction and sale/rental of the completed development to achieve projected profit.
Target Market
Target Market
We aim to proactively lead in creating and delivering new residential and commercial developments for sale and rental to the local community as we work to satisfy the growing demand sustainable communities in the Cayman Islands. The team will leverage our knowledge and expertise of the local and regional market to create development solutions to improve the overall process for clients to access and ultimately accomplish their financial goal to own real estate on island.
Personal
(Local and International)
professionals looking to purchase their first home or investment property.
Corporate
(Local and International)
Packages offered
Pricing
Project
Management Fee
5% of total project costs
Development
Arrangement Fee
10% of capital amount raised
The fee is confirmed at the beginning of the project and paid upon completion of construction of the project.
Co-Development Fee
30-45% shareholding/profit share
The fee is confirmed at the beginning of the project and paid upon completion of construction of the project.
Management Team
Lori Moncrieffe
Managing Director
Lori brings over 13 years of banking, sales, relationship management and credit risk experience through roles held with two of the largest banks in the Caribbean, CIBC First Caribbean International Bank and RBC Cayman.
During her tenure with the Banks, she worked within the following departments: Wealth Management, International Corporate and Domestic Corporate departments, which allowed her to develop broad expertise to exceed performance metrics and actualize growth opportunities for the organizations.
She has effectively managed commercial loan portfolios within domestic corporate (range US$150-US$200M) and deposit portfolio within International and Domestic Corporate (US$75-$100M). She is currently a Relationship Manager at RBC Royal Bank (Cayman) Limited and founder of Legacy Solutions.
She holds a Bachelor of Science in Finance from the University of Tampa (2009) and Master of Science in Finance and Accounting from the University of Wales (2015). She is a member of the Honor Society Beta Gamma Sigma (University of Tampa) and Certified Anti-Money Laundering Specialist (CAMS – 2021).
Dr. Larissa Johnson
Director
Larissa is a multifaceted administrative consultant with an extensive background in a variety of administration duties. She has spent the last 10 years working in high-pressure settings in both team and leadership roles.
She is currently a Practitioner Psychologist and serving as a project manager for Legacy Developments.
Additionally, she works alongside Lori at Legacy Solutions as an Administrative Consultant. Her primary role with Legacy Solutions involves serving as a liaison between financial institutions and clients. It is essential that valuable relationships are maintained with our clients as well as with financial institutions to ensure a smooth and hassle-free process for the clientele.
Larissa obtained her Honors Bachelor of Science degree from The University of Toronto with a specialist in Forensic Psychology and a major in Exceptionality in Human Learning. She obtained a first-class Honors Master of Science Degree in Forensic Psychology from the University of Kent. Furthermore, she obtained her Practice Doctorate in Forensic Psychology from the University of Birmingham. Most recently, she completed a Master of Science Degree in Business and Organisational Psychology with distinction at Coventry University.
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