Financing Available
Scotia Bank Provides Financing Options for Andromeda Ocean Estates Property Owners
The Developers of Andromeda Ocean Estates are happy to announce that Scotia Bank in now providing attractive financing options for clients who purchase properties in their luxury oceanfront development. Scotia Bank, established in 1832, is one of North America’s premier financial institutions, and Canada’s most international bank with banking operations in more than 45 countries. Scotia Bank has been established in the Republic of Panama since 1974.
Andromeda clients now have the possibility to obtain a loan for the purchase of their lot*, as well as a construction loan to build their new beach home*. Finally, once their new home has been completed they may obtain a traditional mortgage with competitive terms from Scotia Bank*. More details are provided in the table below.
| Purpose | Amount | Financing | *Term (max) |
| Purchase/ Construction of Second Home | Up to $500K | 70% | 25 years |
| From $500K – $1.5M | 65% | 25 years | |
| From $1.5M – $2.5MM | 60% | 20 years | |
| Purchase of Lot | Up to $750K | 50% | 15 years |
With these new options in place, the developers of Andromeda Ocean Estates look forward to helping even more people make their dream of owning a brand new luxury beach home a reality. Please do not hesitate to contact us for more details about this exciting opportunity.
*Subject to credit review and approval and terms and conditions as established by Scotia Bank at their sole discretion.
Fill out the contact form below to dowload the loan terms and conditions, as well as the specific requirements to qualify.