Cascadas de Manzanillo Partners with Wachovia to Provide US Financing
resort community in Manzanillo Mexico offers loans from leading American bank
Manzanillo, Mexico (PRWEB) May 12, 2008 -- Cascadas de Manzanillo, an exclusive beachfront community overlooking Santiago Bay and the Pacific Ocean in Manzanillo, Mexico, announces a new US-based loan program through Wachovia Bank. This program will assist buyers from the United States in purchasing or refinancing homes in Mexico. Designed to look and feel like the loan origination practices in the United States, this program will allow customers to purchase a home at Cascadas de Manzanillo with the confidence of US financing.
Cascadas de Manzanillo is a master-planned resort community in Manzanillo, Mexico with spectacular views of the Santiago Bay and the Pacific Ocean. Set on 530 acres of stunning oceanfront real estate and enjoying miles of luxurious tiger-eye beaches, Cascadas de Manzanillo is fast becoming one of the premier vacation and second-home communities in Mexico.
Wachovia Bank has launched a program that enables the bank to purchase vacation home loans made in Mexico that meet its guidelines. The vacation home origination process for US citizens is designed to look and feel like the loan origination practices in the United States. The program provides consumers the confidence of a financially strong, stable US bank while also leveraging local expertise in executing real estate transactions in the Mexico market.
The program highlights include:
- Free Pre-Approval
- Adjustable and Fixed Rate Mortgages
- Loan Amounts up to $5,000,000 USD
- Application Options Include: Stated Income, Alterative Documentation, and Full Documentation with Verified Assets
- Thirty Year Amortization Schedule
- Seamless Full Service Origination Process
- Lot Loans Available up to 60% LTV
- Estate Homes and Villas up to 75% LTV
"Having the support of a successful US bank like Wachovia really speaks to the strength of the vacation home market in Mexico, and specifically to the success of Cascadas de Manzanillo," said Joe Schneider, Cascadas de Manzanillo Project Administrator. "Our clients can rest assured that they're making a sound investment and that the financing for their purchase at Cascadas is managed by a bank they can trust."
Cascadas de Manzanillo is currently hosting Discovery Visits, where prospective buyers can experience the beauty and relaxation of life on Mexico's Pacific coast. Discovery Visits are available from June 1 through June 22, and include private tours of the property and new model homes, 4 days/3 nights at the spectacular Karmina Palace or Cristal House and plenty of time to discover the charm and excitement of Manzanillo. And for a limited time, Cascadas de Manzanillo is offering a final collection of 15 homesites with pre-construction pricing and incentives.
For more information Discovery Visits and pre-construction opportunities at Cascadas de Manzanillo, visit www.vivacascadas.com.
About Cascadas de Manzanillo
Cascadas de Manzanillo is a master-planned luxury community located on 530 acres of lush mountain terrain overlooking beautiful Santiago Bay, in the city of Manzanillo located in the state of Colima, Mexico. The private, gated community features exclusive homesites overlooking the Pacific Ocean, interconnected by trails and hand-laid cobblestone roads that link the homes to over five miles of "tiger-eye" sand beaches, a beach club, and a retail village.
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