Direct Oceanfront Lot 87
at Ginn sur Mer on The Grand Bahama Island

List price: $1,200,000

70% Loan-to-Value!

Overview | Photos & Video Tour | Recent Articles | Contact Us

Priced to sell! Lot 87 sits directly on the ocean and is one of only a few holes that backs up to the Arnold Palmer golf course. Most lots sell in the $1.4M - $1.5M range. Will go quickly! First come, first serve. Be sure to check out our Ginn sur Mer™ Video Tour and exciting information on the Ginn sur Mer™ Classic PGA event starting in 2009.

Incentives included with this lot are as follows:

• Full Membership transfer at no charge. Membership is set at $50,000.
• A 2 Year exemption of membership dues, to start when dues are instituted.  Dues will most likely be instituted after a core of amenities is established.  Estimated time is 2 years.  Dues will be $7,500 annually.
• Transfer Tax will fall under the agreement that Ginn has with the government. Transfer tax is currently 4%.
• There is no build time established with this lot, and there will not be a build time established with the transfer of my deed.  
• Association fees will not be implemented until there are roads, sewers and basic services.  Dues will be $4,620 annually.

Total value of incentives package exceeds $200,000!

Financing

Standard financing for real estate in the Bahamas is at 50% of the acquisition price. The three main banks that lend in the Bahamas are First Caribbean Bank, Royal Bank of Canada and Scotia Bank. Rates tend to be around prime plus 1. Additional private lending institutions, or Wealth Management services, in the United States will loan up to 100% of the acquisition price. These are pledged asset programs. At times, Seller financing can be negotiated but is a case-by-case basis.

Please contact us for more details on financing your purchase in the Bahamas.

Make sure to also check out interesting links such as The Bahamas Investor and our Offering Memorandum.

Recent Articles of Interest TOP

• Old Bahama Bay group assists in purchase of cardiac machine
• Ginn Resorts appoints new GM at Old Bahama Bay
• Ginn's $3 Million Gift
• Building Up the Bahamas
• Billion-dollar Playgrounds

   

Interested in this amazing opportunity?

* Indicates a required field. If you would prefer to give us a call, our toll free number is 1-877-882-5389.

Title:	Please select Mr Mrs Mr & Mrs Miss Ms Dr
* First Name:
* Last Name:
* Email:
* Phone:
* Full Address: *country *state / province *city/town *zip / postal code
Comments:
Best time to call:	Morning Afternoon Evening

Continue to: Overview | Amenities | Video Tour & Photos | Construction Update | Featured Properties | Upcoming Releases | Request More Information