Kim Bingham, Real Estate & International Financing Professional
As the director of the international financing agency Private Rate, Kim has become a go-to person for loans to US buyers in France. Her seven years of experience in French real estate range from being Adrian’s top property search consultant in Paris to working as a real estate agent for Paris luxury apartments and French Chateaux. This before founding what is now a seven-member multilingual team of international mortgage brokers at Private Rate in 2017 — a branch of French mortgage firm La Centrale de Financement.
I arrived back in Paris yesterday, just in time for New Year's Eve and making my new year resolutions. Los Angeles was a different place than most might think of it, thanks to the reduced holiday traffic, to the point of it imitating a ghost town. Traveling down Sunset Boulevard without touching the brake, my daughter said, "I can't hit a red light if I try." Yep, take note. This is THE time of year to visit L.A.
Back in Paris, the strikes are still on, but people are acclimating to the chaos by figuring out ways around the lack of normal transportation. Living central makes a big difference because you can almost walk to anywhere in the city. That's even true for living in a place like L.A., where public transportation is limited and even with a car, maneuvering the daily traffic makes getting from the west side to the east side a nightmare.
Over drinks last night with one of the share holders of "Ma Maison Miron," we realized that the location of this new Fractional Ownership property in Paris is as central as it gets and is what dreams of Paris are made. I first wrote about the property in early June. I happened to be sitting in this apartment that is in one of the oldest buildings in Paris when the Earful Tower podcast broadcast an episode about "Where to find the oldest houses in Paris." I was dumbstruck by the synchronicity while I was in that very spot on the third floor of the building facing the street (with beautiful views) waiting for the diagnostics technician to do his thing (diagnostics are required to be done by the seller by law when a property is being sold).
Ma Maison Miron, at 11-13 rue François Miron in the 4th arrondissement, is just near the Hôtel de Ville and Saint-Paul in Le Marais, and close to the Seine. The BHV department store is steps away as is just about everything you'd ever want or need in Paris: Place des Vosges, Notre Dame on the Ile de la Cité, the Ile Saint-Louis and all the hip shopping, cafés and restaurants in Le Marais. From this vantage point, Paris is at your feet.
That Nouvellettre® back in June of this year, sparked so much interest in the property that when we launched the sale of the shares in September, nine out of the thirteen shares were sold in only three hours time. All but one of the shares have now been spoken for...and that's the new year's resolution one of you should be making. This is a way to enrich your life by having and enjoying a "pied-à-terre" in one of the Paris' oldest buildings!
There's an ongoing debate about which is the oldest, but this one gets most of the attention. It was once two buildings that have since been combined — and it boasts of an elevator! So, it looks ancient from the outside, but it's quite modernized on the inside. All of the apartments in it are studios, in the 15 m2 to 18 m2 range (161.5 square feet to 194 square feet). By American standards, that might be the size of a Los Angeles bedroom (or a walk-in closet!), but by Paris standards, it's a studio apartment and quite capable of being fully equipped, as this one is. Not only is this apartment fully equipped, but has been renovated completely and beautifully by our illustrious designer, Martine di Mattéo, with new fixtures, new accessories and everything "haut de gamme." Even the most discerning owner will love every inch and every minute of usage. Trust me: it is missing nothing.
In general terms, the way this works is that the owners have the rights to four weeks a year. The calendar of usage is brilliant (if I must say so myself) — two weeks of usage, then six months later, two weeks, then a delay of 10 weeks the following year so that the owners will always experience a different season. After 13 years, it fully rotates. Owners can also trade weeks among themselves. Owners who want four weeks together, can easily position their share next to another owner who wants four weeks together, so that all they have to do is trade off the two adjacent weeks and accomplish what they want. Easy peasy.
A professional concierge will take care of the housekeeping and maintenance, so that you, as an owner, don't need to do anything but unpack and settle in. The owners will share all of the annual costs of operating the property, which means spreading the costs thinly among them. They will all have a voice and share the responsibilities, making this virtually hassle-free.
The owners who have visited the property have given it a serious thumbs up. Not a single one has been disappointed, in spite of its size. It's beautiful, elegant and as I said, missing nothing to make your stay in Paris a perfect one. Be sure to read all about it and see photos on our official Fractional Properties website.
The share that remains is Share Letter A. The usage begins on January 1st! The next two week period is in July of 2020. The price for the four-week share is 63,900€. Don't miss the opportunity of owning this last share of Paris' newest and smartest Fractional Ownership Property located in one of Paris’ oldest buildings — a building that dates back to the 14th-century.
Don't hesitate to contact us. Do it now and resolve to change your life for the better and forever! Email us now at [email protected].
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