Shores of Panama FDIC Units Sold and Are Available for Purchase!
On April 27, 2012 the FDIC owned units at the Shores of Panama have sold. The 312 condo units, commercial property and Shores of Panama Club have been purchased by an investor. The units are being purchased in 104 unit blocks and will be released for purchase in phases. This is great news for Shores of Panama as it answers many questions as to what was going to happen with the units taken over by the FDIC in 2010 by Silverton Bank. The Shores of Panama originally went to auction back in May 2011 and it has taken over a year for an investor to due their due diligence on the property and finalize purchasing terms with the FDIC.
The Shores of Panama Investor Units are currently accepting Letter of Intents to reserve the units and purchase once they are available to be sold. For more information, please contact Craig Baranowski 850-259-1788 or email us @ email@example.com.
For more detailed information on the Shores of Panama FDIC Units CLICK HERE.
What units are for sale at Shores of Panama?
There are traditional re-sale units at Shores of Panama. However, the 312 Investor units will be priced and sold as follows:
Shores of Panama Studio Units Priced from $109,900
Shores of Panama One Bedroom Units Priced from $149,900 Shores of Panama Two Bedroom Units Priced from $229,000
Shores of Panama Three Bedroom Units Priced from $299,000