Gulf West Investment Properties Completes Negotiations to Reduce Outstanding Mortgages on Properties

Mar 11, 2011, 09:00 ET from Gulf West Investment Properties, Inc.

TAMPA, Fla., March 11, 2011 /PRNewswire/ -- Gulf West Investment Properties, Inc. (Pink Sheets: GLFW) has completed negotiations with its lenders to reduce the outstanding mortgage balances on the properties it owns in South Tampa. 

"The lenders have jointly agreed to reduce our outstanding balances on the mortgages from $4,000,000 to $1,000,000," said Gary Gauthier, President/CEO, Gulf West Investment Properties, Inc. (Pink Sheets: GLFW). "The repayment timeframes are currently being finalized."

About Gulf West Investment Properties, Inc

Gulf West Investment Properties, Inc. (Pink Sheets: GLFW) is a development & investment company. GLFW develops new projects with traditional design, or old projects redesigned with new ideals. GLFW provides investment portfolios & opportunities in property building and management. Gulf West Investment Properties Inc. plans to continue developing and expanding its business plan over the next twelve months. GLFW plans to take advantage of reduced construction and labor costs and lower prices due to increased inventory.

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