US-based Pinoy group offers low-priced lots in California
January 4, 2003 | 12:00am
Golden Ridge Corp. (GRC), a US-based corporation controlled by Filipinos, is offering a very attractive investment opportunity to Filipinos through its local subsidiary, Golden Ridge Sales Corp. (GSRC).
The offer involves low-priced lots in Golden Ridge Ranchos, in Inyo County, Southern California near The Nevada border.
Many US-based Filipino financial experts say that now is the best time to invest in Golden Ridge Ranchos phase III, while non-US residents are allowed to purchase and own real estate properties.
A 100-percent Filipino-owned real estate company based in Los Angeles, California, GRC of 4509 Eagle Rock Blvd., Los Angeles, CA 90004 is a member of the Better Business Bureau, the membership standards of which include integrity, credibility and commitment to ethical business practices. This company was launched in 1996 as a land investment corporation with the sole purpose of venturing into potential growth area within the United States real estate market. In less than six years, the company has sold more than 1,000 acres (250 hectares) of land to clients, mostly from mainland USA.
Golden Ridge Ranchos lies 13 km. or just a few minutes’ drive from the new prosperous, boomtown of Pahrump Valley and is within an 88-km radius from Las Vegas.
Pahrump City, once considered a bedroom community for Las Vegas, has evolved into a self-contained commercial business district. The multiplier and rippling effects of expansion and development from Las Vegas to Pahrump have elevated the land price to around $16 or P880 per square meter.
Among the familiar business establishments in the area are McDonald’s, Burger King, Bank of America, Neveda State Bank, Wal-Mart, the 110-room Saddle West Hotel and Casino, Union 76, Albertsons, Smith and Walgreen Supermarket chains, Pahrump vineyards and 750 other business establishments. It has 17 churches, five public schools and two golf courses.
Pahrump is already wired for telephones, electricity, cell sites and access to the internet via fiber optics.
Golden Ridge Ranchos phase III is located near the Old Spanish trail, a 60-feet wide highway that links the property to interstate 60, a 45-mile four-lane freeway traversing the boomtown Pahrump Valley that leads to Las Vegas. With a beautiful mountain view over the horizon, the 270 flat land lots are subdivided into 2.5 acres (10,000 sq.m) or one-hectare plots. The area is estimated to be nestling above the third largest aquifer in the US. Existing electrical and telephone line along the highways give available utilities for home and landowners in Golde Ridge Ranchos.
Investing in Ranchos phase III is affordable. The price of a one-hectare lot ranges from a low of $21,995 to a high of $25,995 (from P1,165,735 to P1,377,735) or an average of P130 per square meter, compared to P880 in Pahrump Valley, which is only about an eight-minute drive away.
To safeguard and protect the interest of all clients investing in real estate at Golden Ridge ranchoes phase III, all documents pertaining to their lot purchase and acquisition are to be notarized and authenticated by the US embassy.
Transfer of ownership and record of the title for the new owner will be made within 45 days after the buyer pays the required 12-percent down payment and other processing, escrow and title insurance fees. The balance of 88 percent is to be paid within a 10-year period at flexible terms with payment scheme as low as $260 or around P13,780.
To protect its client against devaluation in pesos, Golden Ridge has fixed the exchange rate at P53:$1. This means that clients would not have to worry of any decreases in the value of the peso.
To encourage its clients to visit their property for ocular inspection in Ranchos phase III, Golden Ridge Sales Corp. will issue a free Manila-Los Angeles-Manila round trip airline ticket to all investors who have completed all required documents and made their down payment amounting to a total of about P180,000.
For more information, call 635-4428/635-4527 or visit www.grsalescorp.com
The offer involves low-priced lots in Golden Ridge Ranchos, in Inyo County, Southern California near The Nevada border.
Many US-based Filipino financial experts say that now is the best time to invest in Golden Ridge Ranchos phase III, while non-US residents are allowed to purchase and own real estate properties.
A 100-percent Filipino-owned real estate company based in Los Angeles, California, GRC of 4509 Eagle Rock Blvd., Los Angeles, CA 90004 is a member of the Better Business Bureau, the membership standards of which include integrity, credibility and commitment to ethical business practices. This company was launched in 1996 as a land investment corporation with the sole purpose of venturing into potential growth area within the United States real estate market. In less than six years, the company has sold more than 1,000 acres (250 hectares) of land to clients, mostly from mainland USA.
Pahrump City, once considered a bedroom community for Las Vegas, has evolved into a self-contained commercial business district. The multiplier and rippling effects of expansion and development from Las Vegas to Pahrump have elevated the land price to around $16 or P880 per square meter.
Among the familiar business establishments in the area are McDonald’s, Burger King, Bank of America, Neveda State Bank, Wal-Mart, the 110-room Saddle West Hotel and Casino, Union 76, Albertsons, Smith and Walgreen Supermarket chains, Pahrump vineyards and 750 other business establishments. It has 17 churches, five public schools and two golf courses.
Pahrump is already wired for telephones, electricity, cell sites and access to the internet via fiber optics.
Investing in Ranchos phase III is affordable. The price of a one-hectare lot ranges from a low of $21,995 to a high of $25,995 (from P1,165,735 to P1,377,735) or an average of P130 per square meter, compared to P880 in Pahrump Valley, which is only about an eight-minute drive away.
To safeguard and protect the interest of all clients investing in real estate at Golden Ridge ranchoes phase III, all documents pertaining to their lot purchase and acquisition are to be notarized and authenticated by the US embassy.
Transfer of ownership and record of the title for the new owner will be made within 45 days after the buyer pays the required 12-percent down payment and other processing, escrow and title insurance fees. The balance of 88 percent is to be paid within a 10-year period at flexible terms with payment scheme as low as $260 or around P13,780.
To protect its client against devaluation in pesos, Golden Ridge has fixed the exchange rate at P53:$1. This means that clients would not have to worry of any decreases in the value of the peso.
For more information, call 635-4428/635-4527 or visit www.grsalescorp.com
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