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By Melody Pyman on Monday, December 20, 2004 - 04:44 pm:

I have a customer that has a property on Eleuthera. He is looking to get a mortgage on the property. Is there any US bank that lend for properties on the island -- Or do we have to use a bank on Eleuthera?

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By Admin on Monday, December 20, 2004 - 04:53 pm:

I can't see a US bank mortgaging a Bahamian property. There is no legal recourse in that transaction.

But, you probably don't need a bank in Eleuthera, perhaps just any Bahamian-based bank.

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By Anonymous Tourist on Wednesday, January 19, 2005 - 03:50 am:

We own property in Eleuthera and had no problem getting a US bank to morgage it. I believe most Americans there do it this way. Your realtor can give you advise.

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By Anonymous Tourist on Wednesday, February 02, 2005 - 04:16 pm:

I have a friend that is a V.P. for citi bank, Prauge. He has been after me to go to the Bahamas and he could lend me a helping hand.So you might try that bank for a loan. Tom Stephens

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NOTE:These pages are archives of the old Bahamas Message Board Vacation Forums. They are no longer maintained and most of the information is either out-of-date or incorrect.

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By gregmtg on Friday, April 22, 2005 - 09:23 am:

I am a Mortgage Broker in Boca Raton, Florida. I'm looking to find a Mortgage company or Bank for 4.5 million property purchase in the Bahamas by Harbour Island. My customer has money from a trust fund. Can verify 90 million in the Trust in England. Has 750 scores here in the US. Wants to finance if he can because of exchange rates. Looking to put 30% down. Can you help. Thanks!!!!

Greg Hayden
Manager
Leading Edge Mtg
Boca Raton, Fl
greg@lemcorp.com

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