Property developers I consult with have been contacting me over the past few months to ask for help creating financing offers for their respective development projects intended to make the buy decision easier in this age of tight credit. I’ve worked with at least a half-dozen developers to conceive financing packages that have, in every case, yielded very positive outcomes, for both the developers and the buyers.
It’s time to take my own advice.
After discussing the particulars with my partners, David Stubbs and Robert Kroesen, I’m writing today, therefore, to alert you to the opportunity now to buy at our Los Islotes community on Panama’s Azuero Sunset Coast with only 20% down and zero-interest payments over 40 months.
Before I detail the purchase terms further, though, I should take a step back to give you some idea what we’re talking about.
I have seen a lot of beaches. Over the 17 years I’ve been investing in real estate around the world, I’ve tromped sandy stretches from Nicaragua to Belize, from Uruguay to Ecuador, from the southern coast of France to Portugal’s Algarve, from Morocco to China, from Turkey to Vietnam, from Thailand to Down Under, and on and on.
Two years ago, when I set eyes on Los Islotes, on the west coast of Panama’s Azuero Peninsula, I knew I’d found something special. This piece of land is about as good as it gets. It’s got a kilometer of beachfront that includes two distinct beaches and that is backed by 300 hectares of sloping, hilly terrain that allows for far-reaching views of the Pacific Ocean from nearly any point on the property.
Los Islotes also boasts perhaps the best sunsets in all Panama. In fact, this is the only coast in Panama where you can watch the sun set over the ocean.
In addition, and of critical importance, Los Islotes is in Panama. Looking at the world map, Panama stands out as one of the top places to be focusing your time, attention, and money right now. You know, I’m sure, how bullish I am on Panama in general, so I won’t belabor the point further now. I’ll say only that, the longer I’m here on the ground, the more convinced I am that, when my partners and I focused our own attention and resources on this country three years ago, we did a smart thing.
Look closely at Panama, and you see a clear path of progress. Pacific coastal property in this country has been developed (and, therefore, has appreciated in value) starting from just outside the capital city and moving westward. The Azuero Peninsula sits directly in this path. When I set out three years ago to find The Next Big Thing In Panama, I focused my search on this peninsula for this reason.
The western coast of this Azuero Peninsula, specifically, has two more things going for it. First, as I’ve mentioned, it’s the only place in the country from which you can watch the sun set over the ocean, for it’s Panama’s only western-facing stretch of coastline.
Second, the west coast of the Azuero Peninsula sits in Veraguas Province. Current President Ricardo Martinelli hails from Veraguas. I believe all Panama is going to benefit from Martinelli’s time in office, including and perhaps especially the folks in Veraguas, his home province. Martinelli is speaking seriously of opening a new international airport in this country, and it is very likely that it will be positioned to facilitate access to the Azuero Peninsula.
Los Islotes is my project of focus for the coming decade. That’s how long it will take to build out the community we’ve master planned.
Specifically, our Los Islotes Master Plan calls for all the usual things you’d expect in a top-of-the-line private beachfront community–a gatehouse, a clubhouse, at least three swimming pools, stables, riding trails, tennis courts, a fitness center…plus underground water and electricity, central waste-water treatment, fiber optic cable for Internet, and 24/7 security.
In addition, the plan at Los Islotes also calls for a Spanish colonial-style town with shops, restaurants, apartments, and a central plaza for daily strolling and nightly entertainment. Other areas of the property will be given over to individual homes, low-rise condos, casitas, and town homes, as well as a high-end boutique hotel.
Los Islotes is the only development of its kind in this part of Panama. There is little else in the entire country and nothing else in this region to compare.
Back to the point of my communication today: financing. As I’ve explained, the terms of the financing offer my partners and I have conceived are straightforward. You reserve your lot and sign a purchase agreement paying only 20% down. You then pay off the balance of the lot purchase price at 2% a month for 40 months at zero interest.
As we’re in pre-construction mode, we’re currently offering a 20% discount for lots in Phase 1. This means that you can buy an ocean-view lot today paying as little as US$11,200 down. Your interest-free payments would be US$1,120 a month for 40 months.
We haven’t yet set the ceiling on the number of lots we’ll make available with these financing terms, but, as I’m sure you can understand, we won’t be able to extend this 0% interest financing offer indefinitely. If you’re interested in joining us at Los Islotes and gaining a foothold in Panama at the same time, this is your best opportunity to do so with a very modest capital requirement.
Sales Director Lourdes Sanchez is standing by to answer specific questions regarding this limited-time financing opportunity. Lourdes can also detail current lot availability.
Lief Simon www.liveandinvestoverseas.com