Boca Raton, Florida (PressExposure) March 03, 2011 -- With waterfront locations desirable in both good and bad times, a number of buyers have found 1200 Hillsboro Mile to be an engaging purchase opportunity.
Located along "The Mile" in Hillsboro Beach, Florida, the luxury condominiums offered here are situated midway between Boca Raton and Fort Lauderdale.
1200 Hillsboro Mile, LLC (an affiliate of The Marrano/Marc Equity Corporation) offers an attractive and innovative package, including providing hard-to-come-by bank financing if they qualify.
One purchaser speaks openly about the opportunity to invest in what he believes is a property that will maintain or increase in value.
With a primary home in Williamsville, N.Y., an upscale suburb of Buffalo, Mark Kolkowicz has purchased 10 other homes in the Western New York State as well as residences in South Florida since 1997. One of his most recent acquisitions as an investor is a three-bedroom, two and one-half bath condominium in the now completed and occupied Intracoastal building at 1200 Hillsboro Mile.
Kolkowicz first heard about 1200 Hillsboro Mile from his friend Patrick Marrano, president of The Marrano/Marc Equity Corporation based in Western New York. "Pat is one of the best businessmen I've ever known, and he has a terrific nose for real estate," he remarked. Kolkowicz didn't hesitate to buy a residence at 1200 Hillsboro Mile, because his friend is the developer and he has seen his successes through the years.
"Pat's company made the purchase process totally painless for me. Furthermore, after I closed on my residence, there were no headaches or worries because the developer manages the property for me," Kolkowicz said.
Moreover, Kolkowicz added that he immediately recognized the value at 1200 Hillsboro Mile, attributed primarily to its oceanfront and Intracoastal Waterway location. "Down the road, I hope to make a profit from my purchase."
A Polish immigrant who lost everyone but his immediate family in the Holocaust, Kolkowicz came off the boat to the U.S. at the age of 14. "Now, at 75, I can say I have lived the American Dream. I've owned cars, boats, motorcycles and, most importantly, real estate. The opportunities were there. I just had to determine which ones to take advantage of," he concluded.
Dave DePaolo, executive vice president of The Marrano/Marc Equity Corporation, pointed out that having a lender who can loan money makes it easy for purchasers to buy a condominium at 1200 Hillsboro Mile.
"Through our company's longstanding relationship with our primary bank [founded 139 years ago as a community bank in Buffalo], we are able to ensure qualified buyers that they can obtain mortgage funding if they need it," he said. "Since so many other banks are reluctant to lend today, the availability of financing is another incentive to purchase here."
The lending provisions provide access to funds in excess of the jumbo loan limit provisions, do not require a presale commitment, and provide for loan amounts up to 80 percent of the property value.
1200 Hillsboro Mile recently announced the release of the Ocean Residences at 1200 Hillsboro Mile, which will be located in a planned sister building on the ocean, directly across from the Intracoastal building. The floor plans will be very similar to those in the first building, but with slight alterations designed to enhance them. Residences will average approximately 2,000 square feet, with oversized, covered terraces that extend the living space to the outdoors. Six of the 18 residences will have direct Atlantic Ocean exposure.
The new building offers carefree, laid-back living amid upscale surroundings. Residents will park in a secure, enclosed underground garage. In addition, they will be able to interface with a concierge on duty weekdays, with 24-hour accessibility.
Because the oceanfront building was designed for serenity and privacy, future residents can easily access 1200 Hillsboro Mile's amenities located in the nearby Intracoastal building. These include a media/social club room with a furnished entertainment deck, fitness center, dock for visitors' boats, and outdoor swimming pool with sun terrace and pool house. There is a private walkway to the waterway and deeded beach access.
The Ocean Residences are offered at preferred prices ranging from $1,295,000 to $2,235,000.
Since 1986, The Marrano/Marc Equity Corporation has been the number-one homebuilder in Western New York State in terms of sales volume. The company is listed among the top 300 home builders in the United States and among the Buffalo area's top 100 privately held companies.
Moreover, Patrick Marrano's partnership with a former employee resulted in the building of $500,000 to $5 million estate residences in some of South Florida's most prestigious waterfront and country club communities (e.g., Old Marsh, Tesoro, BallenIsles, Ibis Country Club and Old Palm Golf Club). Another partnership built the successful 158-unit Jupiter Ocean Grande on the ocean in Jupiter, Florida.
Keyes Company/Realtors is the exclusive sales agent for 1200 Hillsboro Mile.
For information, call Director of Sales Yanina Aranes at (954) 247-8023, or visit http://www.1200hillsboromile.com. Sales Center hours are weekdays from noon to 5 p.m. and weekends from 11 a.m. to 6 p.m.
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