Your Best Current Opportunity To Own In Belize--Waterfront For 0% Down Or 0% Interest
July 30, 2010, Placencia, Belize: Sanctuary Belize, just outside Placencia, is the most impressive master-planned waterfront development community in Belize.Dear Live and Invest Overseas Reader,
In Belize last month, we made the drive south along the mainland coast toward Placencia to meet with a developer in this part of the country I've been communicating with for the past six months and to scout his property.
Long and short of my report from that visit is that Sanctuary Belize blew us away.
This is a 14,000-acre property, of which fewer than 3,000 acres will be developed. The rest--jungle and rain forest--will be held aside as a preserve. The developed land will be consolidated along the ocean and river boundaries.
With that much land and diversity of water frontage, the variety of scenery, activities, and lifestyle on offer is tremendous. Sanctuary Belize, as the saying goes, has something for most everyone--oceanfront, riverfront, equestrian, dockside, marina, large and private estate lots, even airfield lots if you'd like to access your Belize beach getaway by private or chartered plane.
The focal point of the community will be a marina village with condos and shops overlooking the 175-slip marina already under construction and due for completion by the end of this year.
This is an ambitious project. And I was a little skeptical of the whole thing before our visit. In fact, I'd resisted making the trip for months, because I had trouble getting excited about a development of this magnitude in this part of this country in the context of the current global climate.
The principal in the project I've been communicating with, however, Luke Chadwick, persuaded me. In telephone conversations, e-mail exchanges, and the delivery of all due-diligence materials I requested, I found him to be one of the most impressive and most professional developers I've ever encountered in this part of the world.
Now, after having visited the property, I'm completely won over.
Here are the quick fundamentals:
- Sanctuary Belize has no debt. They own all their land outright...
- Dirt is moving. They've chosen to focus on the construction of the marina first, for strategic reasons, related to both the long-term infrastructure plan and to marketing, and, as I said, the marina is well under way...
- In addition, roads are under construction, and a plantation house has been built by the developer, with accommodation and meeting space...plus three homes have been built by owners, including a big bamboo house overlooking a lagoon that looks like something out of Architectural Digest...
- The team behind Sanctuary Belize has many years of experience developing property around the world...
- That team includes a local Belizean who is well-connected, well-respected, and who knows how to get things done in this country...
- The developer is offering creative and flexible financing terms. This means two important things. First, as they've been selling this way for some time, they have built up a war-chest, as it were, that amounts to a significant monthly cash flow...
The second important thing about the creative and flexible financing on offer at Sanctuary Belize has more immediate personal benefit for you.
As I remind you often, financing an overseas property purchase isn't easy in many countries; in others, it's impossible. It is possible to borrow as a foreigner from Caye Bank in Belize to buy real estate in this country, but the terms are rigid and require a 50% down payment at least.
Sanctuary Belize, on the other hand, makes many financing offers available, including, in some cases, 0% down or 0% interest.
The developer is effectively working with each buyer to find a combination of down payment, interest rate, and term of the loan that fits the buyer's budget and circumstances.
These guys are smart. They understand that, between the down market for the buyer back home (wherever that might be) and global cash flow concerns, people are reluctant to make a buy decision right now. They've decided they're going to do whatever they can to make it as easy as possible for someone who wants to buy to be able to buy.
They can afford to do this, because, again, they have no debt. They own all their land outright, and they have built up a multi-million-dollar bank of receivables out of which they continue to fund infrastructure investment.
As I said, I was completely impressed during our visit to see this project last month, both by the property itself and by the on-the-ground team that Luke has put together.
I'm happy, therefore, to be able to make this introduction today. If you're interested in waterfront property in Belize, either ocean- or riverfront, I say give Sanctuary Belize a close look right now.
More information here.
Lief Simon
P.S. In fact, this is the second time I'm making this introduction. I first wrote about Sanctuary Belize earlier this month, immediately following my trip to Belize. The response from Live and Invest Overseas readers was tremendous and is contributing to the closeout of current inventory.
Don't worry. This isn't a concern, given the size of the project. I'm speaking with Luke now about a special new phase launch, and we're working to coordinate a field trip to the property so you can see Sanctuary Belize for yourself.
I have a conference call with Luke later today to discuss particulars of the new phase, the field trip to the property, and special discounts for anyone who attends that tour. Meantime, you can register your pre-launch interest here.
----------
You Are Not Responsible For Getting Yourself Into This Mess...
But you are the only person who can get yourself out.
Right now -- and for the next 12 months -- only you can:
Stop the government squeezing more from your hard-earned cash...
Safeguard your assets and actually grow your wealth (even in tough economic times)...
Guarantee a prosperous future -- for you and your family -- and allow yourself the freedom you were born to enjoy...
Because today, I'd like to send you FIVE FREE AUDIO PRESENTATIONS designed to make it possible for you to rise above this economic meltdown and set yourself on a path to financial and personal freedom.
Read here for complete details.
----------
Expert Picks
Top Resources
Kathleen Peddicord's
New Book
The Wall Street Journal says: "If you're thinking about living abroad in retirement, this book is essential reading..."
"Whether you're in the 'what if?' stage, or have graduated to an investigatory visit, or are now seriously intending to live overseas...the book How to Retire Overseas will be one of your essential resources." ---Rapid River Arts & Culture (Asheville, NC)
Order Now
Communities
Overseas Radio Show
Search
Readers Say
— John W., United States
— Charles M., United States
Kathleen Peddicord
Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.
Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.
SIGN UP TO OUR FREE E-LETTER
Sign up for the Overseas Opportunity Letter
Receive our editor's latest research reports...absolutely FREE!
The Best Places For Living
And
Investing in the World for 2012