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Bellini Williams Island – a new funding strategy

March 27th, 2012 · No Comments

Williams Island, South Florida’s most luxurious condo community, is yet another site for new construction in the area. The building of the Bellini has started and the back story behind the funding is truly amazing. It’s no secret that banks are not lending the same way, it’s increasingly difficult to get funding in the traditional style. One of the main figures behind the Bellini Williams Island is Martin Margulies, the famous art connoisseur / collector, who has stepped up to create not only a real estate masterpiece vision but a financial funding statement. The funding of the project was made possible mainly because Martin Margulies placed his art as collateral for the bank loan.

Obviously, this is the brief overview and the details took time and planning to iron out. However, this is a very positive statement that demonstrates a new era where developers and real estate gurus have a personal stake in the game – everyone knows an art collector never parts with their art. It’s reasonable to believe that Mr. Margulies is saying through this action that this project will succeed.

Who’s looking forward to the new building on Williams Island? Drop a comment about Bellini Williams Island.

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Tags: Arts & Culture · Community News · real estate

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