Picture it…
You step out onto the expansive balcony of your luxury condo overlooking the Bay of Panama to watch as the sun slips below the horizon and the skyscrapers of glistening, cosmopolitan Panama City flicker to life.
After taking in the sunset with a glass of wine, it’s time to go. You have plans for the evening…
For dinner you’re heading to a nearby culinary haven renowned for its exquisite Panamanian fusion cuisine. There, you’ll indulge in shredded beef that’s been slow cooked in a rich tomato sauce infused with bell peppers, onions, garlic, and a hint of cumin served over a bed of fluffy white rice and accompanied by a side of sweet plantains.
Then it’s on to the historic center, Casco Viejo, and CasaCasco, a chic multi-story venue serving rooftop cocktails, where you’ll mingle with friends under the starlit sky.
Tomorrow you’ll start the day with brisk jog along the scenic waterfront track near your luxury condo, followed by a brunch of Peruvian seafood delicacies. The rest of the day will be spent back home at the pool, soaking up the sun and finishing that crime novel you’ve been hooked on.
Or perhaps you’ll take a tranquil stroll in Parque Omar, Panama City’s largest park, appreciating the lush greenery and vibrant flora….or head to the serene beach area within your community…or maybe you’ll go to the prestigious Santa Maria Country Club (just a 10-minute Uber ride away) for a round of golf on the beautifully manicured greens and fairways of the Jack Nicklaus-designed course.
There’s just so much to do…and it’s all on the doorstep of your new luxury condo in Ipanema. Which you still can’t believe is yours for an amazing $877 a month.
Friends and family joke that you must have won the lottery to be able to own such a fantastic home, but you know that it was all possible because you bought your condo in Ipanema—a community that’s an oasis of relaxation and luxury—with exclusive developer financing.
There are lots of advantages to being a member of my Real Estate Trend Alert group, but one of the biggest is the option of developer financing.
So, what exactly is developer financing?
Developer finance is, as the name suggests, where a developer finances a piece of the real estate you buy from him—he’s the bank. I often help arrange this for RETA members in places where bank finance is difficult to get for foreign buyers and/or prohibitively expensive.
Walk into a bank in Mexico, for example, and if you’re very lucky, they might lend you 60% of the value of the property and charge you double-digit interest rates on your mortgage for the privilege. That’s after they’re done weighing you down with excruciating bureaucratic requirements. Then, and only then, will they decide whether to let you borrow money—they might still refuse…
This is where exclusive RETA developer financing comes in…
Take the example of the new members-only deal that opens later today, at 1 p.m. ET, in the luxury waterfront community of Ipanema.
I’ve negotiated the exclusive and attractive option of developer financing for RETA members. I’ve also arranged a generously termed payment plan. It means RETA members can own in Ipanema from as little as $877 a month with some manageable balloon payments. These are benefits exclusively for RETA members. Ordinary buyers don’t get these terms.
That $877 a month is the payment on the luxury condos priced at a RETA member-only $328,600.
I expect these will be worth $600,000 eight years after delivery. (This is a RETA member-only deal…to get in on deals like this one, you need to be a RETA member. You can join here.)
This is an insanely good deal…
Ipanema is right next to Costa del Este, the 766-acre master-planned district successfully designed and developed to attract multinational companies and their staff to Panama. A condo in Ipanema will be highly sought-after…everyone will want to own or rent here.
International executives and their families, the entrepreneurs drawn to Panama, wealthy Latin Americans attracted by Panama’s stability and the excellent schools, healthcare and infrastructure…retirees…remote-working professionals…the whole melting pot of Panama will find a waterfront condo in Ipanema ideal.
This is why I expect gains of $271,400 eight years after delivery and gross yields of nearly 12% renting long term—that’s annual income of $36,000.
In advance of this deal opening in just a few hours, here are the 12 key things to know about Ipanema…
- It’s a chance for RETA members to lock in what I believe will be gains of $271,400 eight years after delivery in booming Panama City.
- You’ll own a luxury condo in a landmark community right on the water, on the last prime piece of waterfront land of its type.
- That’s worth repeating. We’re getting in on the last prime waterfront land of its type in Panama City.
- The developer did an amazing deal on the land, and now he’s cutting RETA members in at RETA-only prices starting from $328,600.
- We have exclusive developer financing on offer. Just for RETA members.
- Your community and condo will be the envy of the international set, the people coming to Panama to work and live. Retirees, entrepreneurs, wealthy Panamanians and Latin Americans…Ipanema is where they’ll all want to be.
- Ipanema is right next to Costa del Este, the 766-acre master-planned district designed and developed to attract multinational companies and their staff to Panama.
- Your amenities will be resort-level awesome. I’m talking pools, park, bistro, gym, bar, manicured beach, and more.
- Rent your condo and I expect you’ll see $36,000 a year in income. That’s a gross yield of nearly 12% on the two-bed condos we can own for just $328,600.
- The developer is responsible for the most exclusive and breathtaking communities in Panama City. He is Alfredo Aleman and with his GLP Group he’s built islands in the bay called Ocean Reef where RETA members are sitting on uplifts of $212,000 and renting for $6,000 a month…and he created Santa Maria Golf and Country Club where RETA member have seen uplifts of $128,000.
- I expect the Ipanema condos we can own for $328,600 will be worth $600,000 eight years after delivery. So, a gain of $271,400 to be exact.
- I don’t expect to see a deal like this again in Panama City. How can we? This is an iconic one-of-a-kind community on the last prime waterfront land of its type!
This deal opens later today at 1 p.m. ET.
If you’re not yet a RETA member, but would like to get access to future deals, like this one we have today in Ipanema, as well as a whole host of other members benefits like exclusive developer financing, special reports, my rolodex of contacts from around the world and much more, you can join here.
Ronan McMahon, Founder, Overseas Dream Home & Real Estate Trend Alert
P.S. I mentioned above that the developer of Ipanema built a community comprised of two man-made islands off downtown Panama City called Ocean Reef. Here’s what it looks like…
Because of RETA’s connections to this best-in-class developer and our group-buying power, RETA members could lock in sweeping ocean-view condos in a building here called Seascape starting at $783,000. Resales are rare on Ocean Reef, but in 2022 a condo in Seascape listed for $995,000. That’s a boost of $212,000.
This community showcases the caliber of developer I work with at RETA. (Details on how to join our group are here.)