Once CIB becomes the owner of a foreclosed property, it is then listed for sale to interested buyers and the property is sold at very competitive market rates – with potential financing available.
The property is a large, residential corner lot which is one and one-half times bigger than a normal-sized lot. It is located up Santa Rita Hill opposite the Corozal Mexican Embassy and beside the Corozal Town Branch Red Cross headquarters. It faces a park/playground and the historic Santa Rita Maya Ruin. It is an upscale neighborhood near the Corozal Town Hospital, just off the Northern Highway and within five minutes of walking distance of downtown Corozal town. At an altitude of over 40 feet above sea level, the location is a high and sage one, considered a place of refuge from the elements of hurricanes.
The property is located on “A” Street North, east of the Corozal Town Civic Center, and about three lots or 250 feet from the sea. The area is a high zone, upscale neighborhood, and about 5 minutes walking distance to downtown. It is just one lot behind the former Brown’s Property Seafront mansion which also houses the popular Dreams Ballroom which was sold for two million Belize Dollars.
If you are interested or require further information, please contact us at loans@cayebank.bz or complete the form below.