Bob, it can be confusing. We work with several pre-construction projects and just about everyone has a different payment structure. In general and from my experience, the less you pay prior to closing the greater comfort you should havve with the developer as they probably do not need your funds to complete the project (i.e. the home/condo is going to be built regardless of if you buy or not). With that said, the above payment structure appears to be more of a construction loan than a pre-construction schedule. As an example of a project we are selling, Michael Greenwald, CPA
What are the typical rates offered? Are they in the US range, Costa Rican or in the middle. Thanks!
Hi, I have a good arch. and contractor in the area that I have used. If you would like to email me at phife002@gmail.com, I will send you there contact info.
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