Portofino Resort- Now with a new BEACH BAR!!
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#301747 - 10/01/08 04:11 PM Financing South Beach
Don Greife Offline
I went to see the banker yesturday and asked about buying a property on AC. He did everthing but laugh in my face. He really wanted to say, "Have you lost your mind"? He finally did say he would make a portfolio loan but I would not like the rate. Kinda makes one wonder if the principals at South Beach are looking at the same problem and if they will postpone things till the market gets on level groung again. " "
I'll be happy to discuss my avatar with anyone who knows what it is.

#301842 - 10/02/08 12:21 AM Re: Financing South Beach [Re: Don Greife]
reaper Offline
Don, Was your banker in the US or in Belize? I assume you were in the US.

#301886 - 10/02/08 04:22 AM Re: Financing South Beach [Re: reaper]
Don Greife Offline
I was in the US. Word is that mortgage rates in BZ are about 12%. Any truth to that?
I'll be happy to discuss my avatar with anyone who knows what it is.

#301892 - 10/02/08 04:27 AM Re: Financing South Beach [Re: Don Greife]
Peter Jones Offline
They were between 12% and 16% depending on various factors. Goodness knows what they are now.


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