We’ve been asked countless times about financing for Yoko Village. Well, we have some great news. We are now officially able to offer financing on most lots!
Although Yoko Village does feature ocean view properties, they are located on the land adjoining to Yoko. As you can see in the drawing below, there are three long ocean view lots for sale that are shaded in yellow. Unfortunately, financing for these ocean view properties is not available because the buyer must pay for the construction and the cost of the land, which is owned by a third party.
However, we are so happy to share that for those properties within the Yoko land (without ocean view), we can offer financing with flexibility! The cost of the construction is to be paid, and once the house is built, Yoko Village will provide financing based on a 7% annual interest rate.
For buyers of Phase IV, we would only ask you to pay half of the entire amount in the standard payment structure. The second half is to be paid over the following 2 years.
How does it work?
Well, let’s say you’re interested in our 3BR Villa which is now priced at $808,000.
Picture of the 3BR Model.
We would ask you to pay $404,000 in the following structure.
Payment structure for the 3BR model
Same structure applies to 1 & 2 BR model
An initial $25,000 deposit is required to secure financing, which will be deducted from the total cost.
- 1st payment of 25% when plans and permits have been presented. ($94,750)
- 2nd payment of 25% when the foundation of the home is completed. ($94,750)
- 3rd payment of 25% when the concrete floors, electricity and sewage installation are finished. ($94,750)
- 4th payment of 25% when the house is built and finished. ($94,750)
Once the house is delivered, the remaining 50%+7% annual interest would be paid in installments. For a 2-year financing agreement on your 3BR Villa, the amortization schedule would breakdown as follows:
Now, let’s say you’re interested in our 2BR Villa which is now priced at $517,000.
Picture of the 2BR Model.
We would ask you to pay $258,500 in the following structure.
Payment structure for the 2BR model
An initial $25,000 deposit is required to secure financing, which will be deducted from the total cost.
- 1st payment equivalent to 25% when plans and permits have been presented ($58,375).
- 2nd payment equivalent to 25% when the general base of the home has been completed ($58,375).
- 3rd payment equivalent to 25% when the concrete floors and electric and sewage installation are finished ($58,375).
- 4th payment is equivalent to 25% when the house is built and finished ($58,375).
For a 2-year financing agreement on your 2BR Villa, the amortization schedule would breakdown as follows:
Upon completion of construction, the owner can move in or choose to rent their home. However, the ownership would not be fully transferred until 100% of the payment has been received.
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As always, reach out to us if you have any questions or want to schedule a call with us. Stay tuned for more exciting developments happening at Yoko Village!