RETA Investors in the Village at Corasol, Playa del Carmen: Attention!
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Fellow investors In the Village at Corasol: are you aware that the developer apparently is proposing that the interest on the "financing plan" for any payment balance will be 13.60%, even though the commitment in the Purchase Agreement is 6.5%?
If you're a fellow investor, feel free to ping me at mlwhitener@gmail.com for more information.
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We are fellow investors and would greatly appreciate aadditional information. Thank you
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We are investors in the Village expecting the developer financing. Any information would be greatly appreciated. Thank you
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I would recommend talking to someone from RETA as they have all of the information and can explain your investment.
Bel Woodhouse - Mexico Correspondent. -
Hi Bel - aren't you "someone from RETA"?
We're not looking for someone to "explain" anything. The Purchase Agreement clearly says the developer will provide 6.5% financing, as RETA also promised, and now the developer is refusing to honor its contractual commitment. So we'd like RETA to stand up for its members.
When I contacted the RETA concierge about this matter, I was told to contact a lawyer. So it seems RETA has no intention of pressing the developer on this issue, even though RETA promoted the 6.5% financing in marketing the deal to its members.
I'm in a position to pay cash for the balance, which is what I'll do. But I wonder how many investors in The Village at Corasol don't have the cash, and can't obtain alternative financing, and therefore are going to be screwed out of their RETA-promoted investments.