Archive for the ‘About Panama’ Category
Leading Mexico Real Estate Company Expands to Meet Demand for Central American and Caribbean Investment Properties
Scottsdale, AZ (PRWEB) August 30, 2006
Some people have wanted to purchase a real estate property in Mexico, Central America, or the Caribbean, but were too afraid of what it might involve? Bric International can help them own a dream vacation home, and they will make it as easy a process as possible.
Bric, an International Real Estate company, has provided Mexico vacation homes and real estate investments to international buyers since 2004. Bric International is now offering beautiful real estate properties in countries such as: Dominican Republic, Belize, Honduras, Costa Rica, Panama, and more.
Randy Bonds of Bric International has this to add, “As you all know, BRIC International LLC is a relatively new and growing real estate company. We are very serious about the responsibility for the care of your home, real estate investment and guests while you are away. BRIC International has the main intention of helping international investors and homebuyers through every step of purchasing properties in Mexico. Now, we carry on that very same intention to our new real estate properties in Central America, Dominican Republic and the Caribbean. This starts at the first phone call or e-mail all the way through closing and turning your investment into either a full-time or vacation residence, or income vehicle.”
International Real Estate is one of the most exciting investments one can make, and it should be a fun and rewarding experience. At BricInternational.com people will find everything you’ll need to buy or sell an international home, as well as learn about the specific market values of international homes they may own in any of their specialized areas.
BRIC International provides complete top-notch international real estate services for investors and homebuyers. BRIC has a complete inventory of real estate property and provides assistance with mortgage services and escrow services for investment properties. All this along with great customer support – a combination that can’t be beat.
Through their commitment, experience, and expertise, BRIC International has established a business relationship with their customers that will surely last a lifetime.
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How To Get A Mortgage. | Nice Live Inn Panama: How To Get A Mortgage. Mortgage EBook(R) With Easy To Understand … http://bit.ly/hGsYOz – by travelpanama (Travel Panama)
Avatar Financial Group Closes $18.85 Million Bridge Loan in Under Three Weeks
SEATTLE, WA (PRWEB) October 11, 2005
Avatar Financial Group, a private hard money lender specializing in commercial real estate loans, today announced it has completed a three-year $ 18.85 million bridge loan for the purchase of the Pelican Apartments, an 379 unit apartment complex located in St. Petersburg, FL.
On schedule to complete the purchase with a conventional lender, the borrower, APD Custom Homes of Alpharetta, GA., was shocked at the eleventh hour to hear the lender wanted new and additional collateral in the form of another project the borrower had underway in Panama City, FL.
With the contract to purchase already signed, and financing now dropping out at the last moment, APD’s broker turned to Avatar Financial Group to fund the commercial property loan before the opportunity and $ 1.5 million in earnest money was lost altogether.
Avatar Financial Group approved the commercial real estate bridge loan for the acquisition of the property with a loan to value ratio of 65% percent in a first lien position.
TR Hazelrigg, President of Avatar Financial Group discussed the project. “Banks simply cannot fund commercial real estate loans of this size – or any commercial property loan for that matter – in two to three weeks,” he remarked. “Avatar Financial Group jumped into this difficult situation and made it happen. We made sure our client didn’t lose his $ 1.5 million earnest money because of a last minute demand by the conventional lender.”
Hazelrigg noted that the time constraint for funding was fairly common for Avatar’s clients. “We fund mortgage bridge loans on a timeframe that banks can’t match,” he said. “And, since Avatar doesn’t charge a pre-payment penalty, APD will be able to refinance as soon as they are ready.”
The property sits on 31.9 acres of beautifully landscaped land with lakes and water features located at 10200 Gandy Way in Saint Petersburg, an excellent location for residential properties.
With the property now purchased, long term plans include conversion to condominiums. In the immediate future, the client will refinance the property with another bank. Avatar’s bridge loan made that possible.
ABOUT AVATAR FINANCIAL GROUP
Based in Seattle, WA, Avatar Financial Group is a private hard money lender that provides commercial real estate loans in as little as two weeks. Avatar Financial Group specializes in mortgage bridge loans for income producing commercial, industrial, and investment residential properties nationwide, ranging from $ 1 million to $ 15 million and above. For more information, visit http://www.avatarfinancial.com.
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