Types Available1 & 2 Bedroom CondosPrice Range £92,500 to £119,000Completion ScheduleAlready CompleteOverall Payment Structure20% Deposit28% Cash-Back within 6 weeksFinance Options80% Interest Only Mortgage
Welcome to Ponte Verde - West Palm BeachOriginally built in 1991, Ponte Verde was fully refurbished in December 2005 with new roofing, painting, upgrades and cosmetics. The developer is considered one of Florida's most reputable builders and developers, and has forged a path toward converting the way people live in Florida by offering luxurious yet affordable communities. The developer's legacy of quality home development in South Florida spans two decades setting precedent in construction.Community LuxuriesGated EntranceState of the Art Fitness ClubIndoor Racquetball CourtsSpectacular Lake Views2 Custom-designed PoolsHeated SpaLighted Tennis CourtsSand Volleyball CourtsElegant ClubhouseLush Tropical LandscapeBarbecue AreasCar Wash PavilionInterior LuxuriesSolariums for additional living spaceGourmet kitchen with open serving bar and pantryCeiling fansVaulted Ceilings (on selected units)Property ImprovementsNew 50-Year Shingle RoofNew Pool Deck & FurnitureNew Landscaped Perimeter FenceNewly Sealed Parking Lot
As quoted in The Times on Sunday the 20th of April 2008"Like the rest of America, Florida has been hit hard by the sub-prime debacle, with property in most of the sunshine state in crises. Although some areas have proved notable exceptions. Palm Beach County has not gone down one iota."Now is the time to take advantageA weak economy, a weak currency and an ailing property market... now is the time to take advantage. We are offering a unique opportunity to invest in this luxury, fully refurbished development, with an incredible 28% cash-back on completion. Working closely with some of the key lenders in the US, we have been able to source 80% consumer finance for foreign nationals. This effectively means that upon completion you, the investor, will get a greater amount of money back than that originally deposited to purchase the property.
Example dealPurchase price £194,000 ( £97,000)Initial deposit £2,500 ( £1,250)Completion funds £9,215 ( £4,607)Purchase costs (paid on completion) £38,800 ( £19,400)Cash back (post completion 28%) £54,300 ( £27,100)Monthly mortgage payments (6%) £776 ( £383)Monthly rental income £1,095 ( £547)Monthly rental and management costs £282 ( £141)Total profit yr 1 (including cash back) £10,629 ( £5,314)
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