Stimulus Incentive Package
The opportunity of a lifetime to purchase a property at Bahia Beach
The opportunity to become a member of our very special resort community and home of the first five-star hotel in Puerto Rico The St. Regis, Bahia Beach Resort is more accessible than ever.
A law 132, a very comprehensive Housing Stimulus Program for the real estate market in the Island, presents unprecedented benefits and savings to buyers in new projects such as ours. A limited amount of ownership opportunities are available and ready for delivery at Bahia. Your desire to own a home away from home in this exclusive magical paradise can become a reality for your whole family, today.
These benefits and savings provided by the LAW 132 combined with Popular Mortgage limited time financing offer with up to 100% financing in 40 years loans with fixed interests rates of 2.99% for the first 5 years and a fixed 5.875% for the remaining 35 years, provides our distinguished clients the opportunities of a lifetime to own a home at Bahia Beach.
A brief of the new Stimulus Packages Benefits:
- Applies to Buyers of a new residential unit, including second homes and investment properties, acquired from September 1, 2010 to October 31, 2011.
- Applies to United States buyers and foreign investors.
- $0 charges for stamps & vouchers otherwise payable at the closing.
- $0 payment of real property taxes to CRIM for years starting in Fiscal Year 2010-2011.
- 100% exemption from local capital gain tax at the time the unit is eventually sold.
- 100% exemption in rental income derived from the unit for a 10 year period (commencing in January 2011).
