Majestic Cove Waterfront Condominium in Sebring Receives Approval for VA Financing…. $0 Down

ORLANDO / SEBRING, Fla.   Majestic Cove, the luxurious 69-unit condominium overlooking Lake Jackson near downtown Sebring, has been approved to offer VA financing for the purchase of its well-appointed units. 

David Bryant, Agent of Premier Sotheby’s International Realty the firm marketing Majestic Cove, said Peoples Bank assisted in the approval process which helped determine that the condominium community met all the VA criteria.  

Eligible veterans can purchase a residence at Majestic Cove with $0 down, 100 percent VA financing of the purchase price with no monthly private mortgage insurance needed.  For additional financing information visit http://themajesticcove.com and click on Contact Us.

The highly-amenitized waterfront community is on the VA’s approved list of condominiums.  The Lender’s Handbook issued by the Department of Veterans Affairs has a chapter on requirements for condos, such as the community must not be under occupied, no age limitations and no resale limitations by the HOA, to name a few.

“This opens up a great opportunity for veterans to buy a condominium at Majestic Cove, with their hard-earned VA benefit and it can make life easier whether they’re still in active duty and on the go, or retired from service,” Bryant said.

Peoples Bank, a trusted lender for Majestic Cove, is offering several conventional loan options too, including 95 percent financing of a primary residence, 85 percent for a second home and 75 percent for an investment property.

Bryant said the new financing programs add compelling value for current and future owners of the residences at Majestic Cove.

The 16 remaining luxury condominiums feature five spacious floor plans that range from just over 1,300 square feet to just under 2,000 square feet.

All Majestic Cove condominiums have three bedrooms and two or three full baths. Special features include custom cabinetry, granite countertops and backsplash, stainless steel appliances, travertine stone flooring in the main living area, crown molding, 8-foot solid wood doors, and a luxurious master bath with dual vanities, garden spa tub and separate shower.

Each condominium residence at Majestic Cove features a spacious covered patio with magnificent views of Lake Jackson, a 36-boat slip marina and a resort-style pool and spa. The Marina has slips available for sale, priced from $15,000 for an open slip and $25,000 for a covered slip.

Majestic Cove residences are priced from the $130s to the low $300s, far below replacement costs, according to Bryant.

Majestic Cove is located on Lake Jackson, a 9,200-acre pristine lake and is a short walk from Sebring’s historic downtown city center with restaurants and shops.  It’s ideal for a primary residence, a vacation home or investment.

“Buyers of these condominiums are coming from the congested southeast coastal counties of Florida as well as the mid-Atlantic states and Canada,” Bryant said.  

Furnished models at Majestic Cove are available for viewing daily.     For more information visit  http://themajesticcove.com.

 

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Abamis IT Solutions Graduates From UCF Business Incubator at Central Florida Research Park, Opens Offices on University Drive

ORLANDO, Fla. --- Abamis IT Solutions, an information technology corporation that develops software for commercial and military applications recently graduated from the University of Central Florida Business Incubator in the Central Florida Research Park.

Warren Macchi, president of Abamis IT Solutions said his firm is currently engaged in the development of embedded applications for the Internet of Things (IoT), medical and entertainment fields.

He also said that the company is engaged in ongoing technology projects with several clients, including current members and graduates of the UCF Business Incubation Program, developing a variety of software ranging from simulation, video, and image processing to mobile and cloud applications.

“These collaborations perfectly illustrate just one of the many benefits that incubator programs provide entrepreneurs to help them turn good ideas into great companies,” stated Macchi,

Abamis IT Solutions remained in East Orange County and relocated to offices near the University of Central Florida. 

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About Abamis IT Solutions:

Abamis IT Solutions is a provider of technology and software development services to the gaming, entertainment, modeling and simulation, and geographic information systems communities. Target platforms include mobile devices such as iPhone, iPad, and Android OS, and embedded systems such as those used for kiosks and environmental data logging and analysis.

About the UCF Business Incubation Program              

The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth / impact enterprises.   Since 1999, this award-winning program has helped hundreds of local startup companies reach their potential faster by providing vital business development resources. 

With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia Counties, and the cities of Apopka, Kissimmee, Orlando and Winter Springs.  Participating companies sustain more than 3,600 local jobs and have had a total impact of $1.51B on regional sales and $2.48B on regional economic output.  During the last fiscal year, the program has returned $7.95 for every $1.00 invested in the program.  For more information, visit www.incubator.ucf.edu.