Royal Palm is a luxury property that sits just 1 hour from Panama City, on the Pacific ocean. It is in the popular beach community of Gorgona right next to Coronado.
These apartments can be financed by the developer with as little as 15% down. The more deposit paid upfront, the lower the interest rate.
With 15% downpayment and sales price of $181,000:
Monthly finance fee of $ 993 per month, with 7.75 % interest rate over 5 years
5% annual capital contribution
With 20% downpayment and sales price of $181,000:
Monthly finance fee of $ 844 per month, with7 % interest rate over 5 years
5% annual capital contribution
With 30% downpayment and sales price of $181,000:
Monthly finance fee of $ 686 per month, with 6.5% interest rate over 5 years
5% annual capital contribution.
This is how it can look finished off and if you convert it to 2 bedroom
Here is the popular mountain and ocean-view apartments on the 6th floor. We have higher floors available.
The apartments are 1 bed 1 bath 800 sq ft (70 msq) priced at $159,000 for a cash sale.
Financing can also be offered in tower B for $ 181-189,000 or Tower A for $ 215,000.
We also have a few units left in the larger, oceanfront, 2 bedroom 2 bath units of 130m2 and 135 msq. They are selling for $290,000-$315,000.
With financing, these apartments sell for $395,000 with the same terms above.
These apartments rent from around $1000-1500 per month depending on the time of year
HOA $105 per month
To reserve an apartment is just $5000 to hold it and the process is very similar you do not need to be in Panama.
The finance plan is for a period of 5 years, with no penalty for pre-payment prior to the 5 years expiring.