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SANTA MARIA: A PRESTIGIOUS ENCLAVE IN PANAMA
Santa Maria is celebrated as Panama’s most prestigious residential area, boasting lush landscapes and expansive open spaces that cultivate a serene living environment. This locale is meticulously designed by renowned architects and consultants to fuse modernity with nature, offering residents access to first-rate amenities including a world-class golf course designed by Jack Nicklaus, various social and sports clubs, and diverse dining options. The presence of a commercial plaza, country club, and Marriott hotel chain adds to the convenience and opulence of residing in Santa Maria.
LUXURY LIVING AT LA MAISON BY FENDI HOUSE
Within this exclusive community stands La Maison by Fendi House, epitomizing luxury living. Among the offerings, Unit 28-D, a 355 square meter apartment, was initially listed at $1,250,000. The borrower, an expatriate shifting his vacation residence from Florida to Panama to embrace the Central American lifestyle amidst a price surge in the Sunshine State, successfully negotiated the price down to $1,200,000. In response, RealT has agreed to extend a loan of $780,000, which represents a Loan to Value (LTV) ratio of 65%. This loan carries an interest rate of 10.50% per annum, calculated monthly.
LOAN TERMS AND PAYMENT STRUCTURE
The loan is structured with monthly payments based on an annual interest rate of 10.50%. The first six months of interest will be prepaid and deposited into the RMM. The principal can only be repaid or reduced on the anniversary of the loan, allowing for regular interest payments while maintaining flexibility in the principal reduction schedule. This setup is designed to align with strategic financial planning for the borrower, ensuring stability and predictability in the early stages of the loan.
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