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This is an opportunity to purchase (including costs) land in Kalim, Phuket, Thailand for further development. The land was partially developed with all related road, M&E etc infrastructure and 5 luxury villas have been built and sold. On the available land a further 7 luxury villas can be built and we have fine-tuned the original villa design for this purpose. We are seeking a bridge loan. From these funds invested in the company the principal amount of the loan will be reduced within 90 days of the auction date . The balance of the loan and accrued interest will be paid from sales proceeds of the 7 villas to be built within not more than 36 months.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.