Archive for March, 2008

Main Street downtown Crestview office landmark building for sale

March 18, 2008

main-street.jpgTruly priced to sell, this is a one-of-a-kind building great for investing in the rapidly growing Crestview area. With a perfect location in downtown Crestview’s revitalized “Florida Main Street” state-designated historic district, this two-story circa 1925 landmark was built as a hotel with eleven rooms on the second floor which were converted into office space. It is situated thirty miles from the beaches of the Gulf of Mexico, near Fort Walton Beach, Destin, Pensacola & Navarre on the I-10 corridor in the fastest growing city of its size in the entire state; also near aerospace hub of Eglin Air Force Base with rapid growth due to BRAC realignment. The first floor has two separate storefronts, one of which is currently a doctor’s office and will relocate or continue with a lease. This storefront features terrazo flooring. The entire second floor has clear-coated tongue-and-groove heart of pine walls and ten-foot ceilings with exposed “Chicago Brick” on the outer facing walls. The second floor also includes a full kitchen, tiled floors, a gas range, crown molding and trim on all 17 second-story windows and solid wood custom cabinets as well as hand-built custom carpentry with cypress, cedar, and pine throughout. Each room has a ceiling fan. The second-floor bath features a custom-built tiled shower. There is a 420 square foot deck off the second floor as well. The exterior is all brick with new hurricane-insulated windows and 2 new insulated and tinted storefront windows. These are the all new 2000-2005 mechanicals: new A/C and heat pumps, electrical wiring, plubming, CAT5 data/telephone lines and amplified digital cable to current code in every room. This property need to be seen to be truly appreciated. It is ideal for office space or a restaurant/bar. A unique piece of property you don’t want to miss. Owner may finance for qualified buyer.

MLS #: 488332m OfficeFile#: ListPrice: $1,190,000
Status: Active Property Type:
Location: 102 & 104 MAIN STREET Price/Unit:
  CRESTVIEW, FL Price/Acre:
ZipCode: 32536 Building Sq Ft: 5715
County: OKALOOSA Frontage:
MainArea: 25 Crestview Area WF Feet:
SubArea: 03 CRESTVIEW NORTHWEST YearBuilt: 1925
ParcelID: 17-3N-23-2490-0008-048F Const Status: Existing
Directions: Downtown Crestview corner of N. Main Street and Industrial.

Short sale Holt Florida on 5 acres

March 18, 2008

maxwell1.jpgmaxwell.jpgThis newer home was custom built with upgraded brick work on the exterior. There are mostly tile floors inside with solid surface countertops, walk-in pantry, wood shelving in the closets and laundry room. The master bath has a whirlpool tub, cultured marble surrounds, seperate shower and a treyed ceiling in the master bedroom. There is a wood burning fireplace in the living room.The oversized garage has peg board on walls and overhead storage available. The large covered rear porch allows for peaceful evenings out back and a great spot for a cookout.The buyers are to satisfy themselves with all sizes, dimensions, schools and inspections prior to closing. Take a close look at this country getaway at a great price !

MLS#: 486960m OfficeFile#: ListPrice: $197,500
Status: Active ApproxSF: 1,560 BG:
Address: 4945 MAXWELL DR $/Sqft: $126.60
BAKER, FL Bedrooms: 3
Zip: 32531 Baths Full/Half: 2/
County: OKALOOSA Stories: 1
MainArea: 25 Crestview Area YearBuilt: 2000
SubArea: 10 BAKER & MILLIGAN OccStat: Vacant
Subdiv: METES & BOUNDS ImmOcc? Y
ParcelID: 30-3N-24-0000-0002-002B ConstrStat: ConstrCmplt
ElemSch: BAKER Middle: BAKER High: BAKER

Crestview Florida Home for sale 15 Courtney lane

March 18, 2008


Detached Single Family
MLS#: 482330m OfficeFile#: ListPrice: $150,000
Status: Active Last Change: ApproxSF: 1,265 BG:
Address: 15 COURTNEY LN $/Sqft: $118.58
CRESTVIEW, FL Bedrooms: 3
Zip: 32539 Baths Full/Half: 2/0
County: OKALOOSA Stories: 1
MainArea: 25 Crestview Area YearBuilt: 1995
SubArea: 01 CRESTVIEW SOUTHEAST OccStat: Vacant
Subdiv: HOLLYROD PARK PH 2 ImmOcc? Y
ParcelID: 28-3N-23-2780-0000-0150 ConstrStat: ConstrCmplt
Dir: 85 N. Right on Redstone (right after Hospital). Right at first stop sign onto Brookmeade. Left onto Covell. Left into Hollyrod subdivision. First left follow down to end of cul-de-sac. House is on left.

Great neighborhood behind Crestview hospital! House is located in a cul-de-sac; this is a one-way-in, one-way-out subdivision. Close to shopping such as Walgreens and Publix and just minutes from bases. The new elementary/middle school is being built close by. The home features a split bedroom floor-plan with vaulted ceiling in living area. The home offers an open floor plan and a fireplace in the living room. The kitchen is roomy with lots of cabinet space and a long breakfast bar. Master bedroom is a nice size and offers a walk-in closet. Seller enclosed the patio that has windows which adds lots of square footage. Large back yard includes shed. HOME WARRANTY IS BEING OFFERED TO BUYER…A $380.00 VALUE!

Coldwell Banker Mortgage outlook

March 18, 2008

Your listings are more affordable now, thanks to lower rates. Mortgage rates are at historic lows. Your prospective buyers can enjoy significantly lower monthly payments by financing now.

Contact your buyers whenever rates go down. Make sure they know that we provide reliable financing at very affordable rates. Here are several talking points that you can bring to your buyer’s attention:

  • Rates are low but they may increase in the future
  • If customers finance their home with us while rates are low, they can save hundreds of dollars a year or more for the life of their loan
  • Even if they haven’t found a property yet, your buyers can take advantage of lower interest rates by selecting Pre-Purchase Rate Protection, which caps their rate to protect them from market fluctuations

Reliable financing is available now.
We are a lender that you and your customers can trust. With our wide variety of loan products, we’ll find the mortgage that meets your customers’ financial needs now and for the entire life of the loan. Contact us today to find out how we can help your buyers get into their dream home now, when rates are low.

Local lender comments on our area

March 18, 2008

Just giving everyone heads up.  I know everyone is looking for every option to finance and it looks like Ship is now about impossible.  I just got off the phone with Leanne over at Okaloosa CDC. She said they have tightened the guidelines for SHIP and they are down to 2 funding’s per month. I had a girl that just wrote a contract to close in March and Leanne said they can’t even put her on the books until May. She also said that they use to be able to have a contract before income verification but because of new guidelines, the borrower can’t write a contract until an award letter has been issued by them. Just wanted to give you this info to distribute. Leanne’s number is 850-863-1969 if anyone has any questions and I’m attaching the new guideline packet so everyone has it.

As well, most bond money is out!  Still our best 100% financing programs are Rural Housing, VA and FHA Genesis.

Linking New financing to carbon reductions

March 18, 2008

Linking New Financing to Carbon Reduction

Three of the world’s leading financial institutions have come up new climate change guidelines for advisors and lenders to power companies in the United States.

The principles were developed in partnership by Citi, JPMorgan Chase and Morgan Stanley, and in consultation with leading power companies American Electric Power, CMS Energy, DTE Energy, NRG Energy, PSEG, Sempra and Southern Co. Environmental Defense and the Natural Resources Defense Council, environmental non-governmental organizations, also advised on the creation of the principles.

This effort is the first time a group of banks has come together and consulted with power companies and environmental groups to develop a process for understanding carbon risk around power sector investments needed to meet future economic growth and the needs of consumers for reliable and affordable energy.

The principles recognize the benefits of a portfolio approach to meeting the power needs of consumers, without prescribing how power companies should act to meet these needs. However, if high carbon dioxide-emitting technologies are selected by power companies, the signatory banks have agreed to follow an enhanced diligence process and factor these risks and potential mitigants into the final financing decision.

“There was full and frank dialogue around the table,” said Matt Arnold, director of Sustainable Finance, which helped coordinate the development of the principles and enhanced diligence process. “There was a remarkable amount of debate and exchange of information and views among the banks, power companies and environmental organizations. The dialogue resulted in a rigorous analysis of the carbon risks in power investments, and sets the stage for further discussion.”

Called, The Carbon Principles, they are the result of a nine-month intensive effort to create an approach to evaluating and addressing carbon risks in the financing of electric power projects.

The effort creates a consistent approach among major lenders and advisors in evaluating climate change risks and opportunities in the US electric power industry. The principles and associated enhanced diligence represent a first step in a process aimed at providing banks and their power industry clients with a consistent roadmap for reducing the regulatory and financial risks associated with greenhouse gas emissions.

The need for these principles is driven by the risks faced by the power industry as utilities, independent producers, regulators, lenders and investors deal with the uncertainties around regional and national climate change policy.

The consortium has developed an enhanced diligence framework to help lenders better understand and evaluate the potential carbon risks associated with coal plant investments.

Citi, JPMorgan Chase and Morgan Stanley have pledged their commitment to the principles to use as a framework when talking about these issues with clients.

“To move the needle on global warming, clean energy technologies need to be developed, demonstrated and deployed as quickly as possible,” said David Crane, president and CEO of NRG Energy Inc. “Given the capital intensive nature of this challenge, we welcome these carbon principles as a sign that America’s leading financial institutions are ready to support a massive increase of investment in clean energy solutions. With the support of both Wall Street and public policymakers in Washington, the American power industry can lead the way in achieving the dramatic GHG reductions that are critical to the health of both our economy and our planet.”

The principles are as follows.

— An effective way to limit CO2 emissions is to not produce them. The signatory financial institutions will encourage clients to invest in cost-effective demand reduction, taking into consideration the value of avoided CO2 emissions. The group will also encourage regulatory and legislative changes that increase efficiency in electricity consumption including the removal of barriers to investment in cost-effective demand reduction. The institutions will consider demand reduction caused by increased energy efficiency (or other means) as part of the enhanced diligence Process and assess its impact on proposed financings of certain new fossil fuel generation.

— Renewable energy and low carbon distributed energy technologies hold considerable promise for meeting the electricity needs of the U.S. while also leveraging American technology and creating jobs. The group will encourage clients to invest in cost-effective renewables and distributed technologies, taking into consideration the value of avoided CO2 emissions. The group will also encourage legislative and regulatory changes that remove barriers to, and promote such investments (including related investments in infrastructure and equipment needed to support the connection of renewable sources to the system). The group will consider production increases from renewable and low carbon generation as part of the enhanced diligence process and assess their impact on proposed financings of certain new fossil fuel generation.

— In addition to cost effective energy efficiency, renewables and low carbon distributed generation, investments in conventional or advanced generating facilities will be needed to supply reliable electric power to the US market. This may include power from natural gas, coal and nuclear technologies. Due to evolving climate policy, investing in CO2-emitting fossil fuel generation entails uncertain financial, regulatory and certain environmental liability risks. It is the purpose of the enhanced diligence process to assess and reflect these risks in the financing considerations for certain fossil fuel generation. The group will encourage regulatory and legislative changes that facilitate carbon capture and storage (CCS) to further reduce CO2 emissions from the electric sector.

Hud increased the loan limits in several counties

March 18, 2008

HUD increased the loan limits in several counties.  Here are the new limits for our surrounding counties:

Okaloosa, FL                091                312,500
Santa Rosa, FL                113                271,050
Escambia, FL                033                271,050
Walton                        131                362,790
Bay                        005                396,250

Bob Sikes Elementary School

March 9, 2008
Web Site:

   Address: 425 Adams Drive
                   Crestview, FL 32536

   Location Number: 0051  
   Phone Number: (850) 689-7268
   Fax Number: (850) 689-7263

Destin Elementary school

March 9, 2008
   Web Site:

   Address: 630 Kelly Street
                   Destin, FL 32541

   Location Number: 0131  
   Phone Number: (850) 833-4360
   Fax Number: (850) 833-4370

Edge elementary school

March 9, 2008


   Web Site:

   Address: 300 Hwy 85, North
                   Niceville, FL 32578

   Location Number: 0151  
   Phone Number: (850) 833-4138
   Fax Number: (850) 833-3496

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