Monday, April 7, 2008

Los Corales Update

In the recent economic turn in the states Los Corales and their financial institution have been working on a Joint Venture instead of conventional financing. The joint venture will consist of a profit share between Omega Commercial Finance Corp. and BBB Development Mexico S de RL de CV. The terms and procedures will be released in the upcoming week. The management team of Los Corales is much more excited now that all reserves and incoming draws will be a much smoother process. Along with a much easier money process this program ensures a great relationship between the parties and a smooth construction process without financial worries or headaches.



As most residential developments have seen hard times or a slow down we are excited to be a project that will our customers will have re sale product avail within a few summers. We have been working hard on our new Restaurant anchor and our commercial space to make Los Corales a one of a kind resort.

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