In resale, a mortgage contingency lets a buyer walk if the loan fails. In Miami pre-construction, the contract usually has none. At Caretta that changes how you plan the money.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
Developers sell pre-construction with staged deposits and close two to four years later. Their contracts rarely allow a buyer to cancel because a mortgage was declined at closing; the deposits are at risk if you cannot fund. The contract is the only place this is written; the brochure never mentions it.
Caretta: 95 luxury residences; architectural-grade fixtures, freestanding tubs, custom stone vanities, recessed LED lighting; bedroom mix and size ranges not published in the intake materials.. The deposit schedule is held by the desk and read with you before contract.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
A lender cannot commit years ahead; most will not issue a commitment until the building has a certificate of occupancy and the unit can be appraised. Some lenders pre-qualify buildings; some will not lend on a branded tower with hotel use at all. The question is which lenders have reviewed this building, and when.
Caretta: No brand or operator is recorded for this building.. A hotel or resort component changes which lenders will look.
Plan to close in cash if the loan fails. Ask the desk which lenders have reviewed the building. Keep the deposit stages inside what you could lose. Hold the funds in the currency and the account that will wire on the closing date.
Which lenders have pre-reviewed this building, and what does the contract say if a buyer cannot fund at closing? The desk has the contract; where the answer is a lending decision, it introduces a lender.
Buy the home you can close on without the bank. The bank is a bonus.
Developer materials for Caretta as carried on the live dossier, verified September 2026. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Samuel Strauch is the owner of Metrik Real Estate. His team of agents represents buyers in Miami pre-construction.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
