Purchase Terms
SPECIAL OFFER - own a Boardwalk Residence with only 10% down held in an escrow account. Limited time offer. Act fast!
With some of the best purchase terms in Mazatlan, Boardwalk Residences offers investment confidence to its clients. Initial pre-construction earnest money will be held in escrow with First American Title until the official ground breaking.
- DEPOSIT: $5,000 USD earnest money will hold your chosen condo for 48 hours. If you are not 100% satisfied with your decision, your money will be refunded no questions asked during that 48 hour period
- 1ST DOWN PAYMENT: Once the sales contract has been reviewed and signed by you a 10% deposit will be required (10% minus the $5,000 earnest money)
- 2ND DOWN PAYMENT: On ground breaking, 10% will be due
- 3RD DOWN PAYMENT: When the structure is complete (approx. 12 months after ground breaking), the next payment of 20% will be required
- BALANCE: Upon completion and your satisfactory inspection of your condo the balance 60% will be required in order to close the transaction
- MORTGAGE OPTION: The Boardwalk Residences sales agent, Invest Mazatlan, can assist you in obtaining a US dollar mortgage for the 60% closing balance through a trusted North American bank
- CASH OPTION: For those wishing to obtain a cash discount there will be a limited time opportunity to receive a discount for payment in full within 90 days
