Le Lézard
Classified in: Business
Subject: JVN

Borderlinks Condominium Implements a Comprehensive Redevelopment Plan, assisted by Lemonjuice Capital


OCEAN PINES, Md., Dec. 10, 2019 /PRNewswire-PRWeb/ -- The first two Borderlinks homes go on the market in expectation of timeshare termination. Redevelopment of Borderlinks Condominium involves sale of commonly owned units, as well as legal, financial and material changes that ensure long term value for its owners.

The condominium management and Board decided two years ago to wind-down timeshare arrangements of its units and to ensure long-term enjoyment and sustainability of the community for its owners and guests.

Terminating timesharing is a long road, which is coming close to the end. The community can now reap those the benefits. Private whole ownership is expected to secure value and quality of this great community.

"When we converted timeshares to whole ownership in another condominium property in Ocean City, The Waves, everyone benefited. The city got a much better maintained and ultimately better-looking building. New owners of condominiums saw as much as 50% appreciation in value over just one year as property ownership was reconfigured with new private owners. The community flourished as the result. Even timeshare owners walked away with money instead of liabilities. We are out to accomplish the same here. The offering prices of converted Borderlinks homes is already a great deal relative to previous comps. Add to that the anticipated improvements, and Borderlinks will be a winner," said Alex Krakovsky, the managing agent for Borderlinks and CEO of Lemonjuice Capital.

About Borderlinks (https://www.borderlinksresort.com): Borderlinks Condominium is located in Ocean Pines, MD near Ocean City. A total of 54 duplex homes are located around a championship golf course, scenic canals, and mature woodlands. Owners and guests have access to a wide variety of amenities, including pools, tennis courts, a gym, and a private beach club with centrally-located beach parking just minutes away in Ocean City. Some of the homes have boat docks and canal frontage with access into to the bay and the ocean. Its location is perfect, with close proximity to Ocean City's many attractions, Assateague State Park, shopping outlets, dining, and much more. With options for the whole family, you can fill your day with activities or just enjoy the serenity of Ocean Pines.

For information call (443) 231-3266

 

SOURCE Borderlinks Condominium


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