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Panama Real Estate arrow Panama arrow Nations Hotel Panama with 2 yr leaseback

Nations Hotel Panama with 2 yr leaseback

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GLS Property Services are offering a 2 year Leaseback program for buyers in the Nations Hotel Panama. Buyers with have a fixed rate paid to them each month for 2 years.

Nations Hotel Panama with 2 yr leasebackThe leaseback covers all bills and expenses, the only outgoing owners will have is there mortgage and insurance.

The amount paid to owners each month is equal to an 6% rental return.

Units in the project start from $139,900.

Mortgages in Panama are available from a 60/40 LTV

 

This means on a $139,900 unit you will have a mortgage of  $83,940

At a 7% interest rate that is typical for foreign nations in Panama that would give you repayments of $737 per month

The leaseback will pay $930 a month.

All operating expenses will be covered inside the leaseback program so after you pay your mortgage you should be left with just under $200 each month.

The leaseback can be extended for another 2 years.

 

For details on the lease back contact us today.

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