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.
The 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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