Saturday, January 28, 2012
Dear Reader,
Today, developer Benjamin Beja will launch the next phase of the Tao project. This week I gave you a heads-up about this.
THE DEAL
This is a strong deal. It comes with a 5% discount, special finance terms that include a manageable down payment, monthly payments from $999, plus some balloon payments.
This opportunity is open to us now. The appreciation potential for the Tao project is strong:
- The white sandy beaches of Tulum are Mexico's finest. You can't replicate that.
- Tao is set in the Gran Bahia resort. The resort infrastructure is already in--$100 million has been invested to date to get the resort looking the way it does today. Front loading an investment of $100 million is a huge barrier to entry to future competition.
- Tulum can't sprawl south along the coast. The protected Sian Ka'an biosphere now covers more than 2 million acres. That limits the amount of land available for residential and resort development.
- A government plan calls for an increase in annual tourism numbers along this coast from 3 million to 11 million over the next decade. A new international airport is part of the government plan.
- Once developed, the concept and amenities at Tao will add a unique dimension. Tao is a community with competitive advantages and a clear head start in an area where a government plan calls for the increase of tourism numbers.
The rental market here is also strong...and set to get stronger as more tourists come. Benjamin's project of condo suites, also in the Gran Bahia resort, is almost fully booked up for the winter.
These units are slated for delivery in December 2014.
The starting price for condos is $182,000. Pathfinder readers get a 5% discount, which cuts the starting price to $172,900.
A $5,000 down payment takes your unit off the market. Once you sign the contract, you'll make a manageable down payment. Over the build period you make monthly payments of $999. You will also make three balloon payments.
Bottom line: Over the (approximate) three-year build period you will make payments totaling 50% of the purchase price. Benjamin's team will work with you to find the mix of down payment and monthly payments that works best for you within this parameter.
Benjamin's team is standing by to send you a full information pack.
This is a strong opportunity. I urge you to visit. You are invited to visit Benjamin's recently completed Sian Ka'an condo suites project a short stroll from Tao. You'll see the quality of Benjamin's work... the progress with the Tao Center and the first units to be delivered... the site and the plans for this next phase.
Alex is standing by to send you a full information pack on this hot off the press opportunity.
Ronan McMahon
You might also be interested in:
Five Reasons Why This Is the #1 Buy
Posted Under:
mexico, developer financing, caribbean
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