Fort Pierce is located on Florida’s Treasure Coast, and is home to beautiful beaches, great fishing and countless other outdoor recreational activities. The city is located less than a one and half hour drive from both Orlando and Miami, and less than an hour to Palm Beach and Vero Beach. All these things, and of course the affordable prices, make Fort Pierce, Florida an extremely attractive real estate investment market.
Here at Hanover Companies we have identified several prime real estate markets down in Florida, and have been actively buying up developments in those areas—Fort Pierce being home to our latest acquisition.
We recently purchased the remaining units of an incredible development called The Lakes at The Savannahs at a huge discount. The development runs adjacent to The Savannahs Preserve in Fort Pierce, placing it in one of the best locations in town. While this development offers an A+ location it also features a 5,000 sq ft clubhouse, pool and billiard room, oversized swimming pool, two tennis courts, putting green, walking circuit and pet park. It is also, convenient to the major interstate I-95 turnpike, and less than 5 minutes from the beautiful white sand beaches.
We are now offering these units to real estate investors at discount pricing, and with pre-approved financing already in place. Because of the volume of business we do, we have special relationships with several banks, and have leveraged those relationships to get our investors the best financing packages around. For The Lakes property we have negotiated special non-recourse financing (specifically with all our self-directed IRA investors in mind) with the following terms.
- 4.75% interest rate (5.212% APR)
- 30 year amortization
Those terms are unheard of for non-recourse loans. For those not familiar with non-recourse loans, that means that the only recourse the lender has if you default is to take the property. No credit dings, deficiency judgments or collections, the worst possible outcome for investors is that they lose their down payment.
For more information about our Fort Piece, Florida real estate investment opportunity, or to view our other Florida real estate investments, visit our website at www.hanovercompanies.com.