Limited lending options at Shores of Panama
I recently wrote an article covering the financing options available for condos in Panama City Beach. The article illustrated a condo loan program at Gulf Bank for 3- and 5-year ARMs with as little as 20% down. Shores of Panama lost that financing option at the beginning of March 2013.
Updated March.31.2015 - Shores of Panama association board of directors voted to keep their same insurance provider and coverages. This means it is unlikely that this building will have normal condominium loans offered for another year. This is the largest obstacle preventing common lending options at this location.
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