Banir Ganatra, CEO of Credit 9 Americor Funding Purchases Venetian Islands Mansion
The debt settlement business is booming at Credit 9 Americor. Banir Ganatra, the CEO of Credit 9 Americor, just purchased a $17 million tropical mansion on a beautiful landscape in the ultra-luxurious Venetian Islands. Ganatra and Credit 9 Americor have been capitalizing on the enormous amount of past-due consumer credit card debt owed to banks by negotiating debt settlements for a fee.
Covid-19 Pumps Up Credit 9 Americor
Since the outbreak of Covid-19, the debt consolidation business has been booming. The economic uncertainty, rising unemployment, and credit tightening have contributed to the industry’s impressive performance.
Credit9 advertises its services through ultra-low interest rate direct mail offers and internet ads.
Ganatra purchased the mansion from vitamin entrepreneur, Andrew Lessman. Lessman’s company, AML Investment IX LLC, sold the 7-bedroom home at 825 East Dilido Drive, to Banir Ganatra for almost $17 million according to the buyer’s representative, Julian Johnston from the Corcoran Group. Ganatra is relocating from Newport Beach, CA.
The impressive tropical mansion was designed by Choeff Levy Fischman. It was first marketed in 2018 for almost $20 million. The property boasts a infinity pool and spa, a dock, and a summer kitchen. The 14,000-square-foot lot benefits from 100 feet of water frontage, too. There are 7 bedrooms and 7.5 bathrooms.
The property’s seller (AML Investment IX LLC) is the owner of the property next door. Lessman sold one of his Four Seasons Residences units at the Surf Club for $6.2 million.
Lessman was the founder of a Nevada-based vitamin business, the Henderson, in 1979. This company became ProCaps Laboratories.
Waterfront properties in Miami Beach have recently been selling in high numbers, particularly to out-of-state buyers.
Recently, Keith Rabois (tech investor) paid $28.9 million for his Venetian Island waterfront mansion while Eddie Irvine of Formula One fame paid $7.6 million for a similar property.