What's the Catch? How Do I get Paid Up Front by a Rental Guarantee?.
You think there is a catch? You would be absolutely 100% correct. If you choose to take advantage of this generous offer of receiving your rental returns up front for the first five years then you must enter into a rental management scheme which the Developer, Tudor Group, operates, which means you will take possession and be able to use the unit yourself after this 5 year period.
So How Does this Rental Guarantee at the Cube Pattaya Work Exactly?
To illustrate how the Cube Pattaya is able to offer the rental guarantee up front in the form of a discount unit here is an example of a 56 sqm 1 bed unit.
7.5% rental return for 5 years paid upfront in the form of a discount = to 37.5%
Actual Price paid
30% Down Payment
180 monthly installments @ 18,359 THB
WHAT IS THE INTEREST RATE ON THE DEVELOPER FINANCING AT THE CUBE
The interest rate for the developer financing provided by Tudor Group to prospective buyers at the Cube is calculated at 6% interest. This is the rate being offered by the Thai Banks on mortgages. There are no credit checks or admin fees so the financing for the Cube is 100% buyer friendly. The payment plans are also flexible with no prepayment penalties and the down payments are very reasonable.
What is the Risk to buy at the Cube with the Rental Guarantee?
The risk will be born completely by the Developer. There is essentially no risk to the buyer. If the Developer fails to rent out the unit and suffers a loss instead of being able to recoup the money nothing can be claimed back from the buyer. The Developer takes full responsibility absolving the buyer of any risk.
I have seen Higher Rental Return Guarantees in Pattaya
This offer from the Cube is 100% guaranteed and fixed in stone because you are receiving the benefit immediately on purchase with the possibility of being short-changed taken out of the equation.
The Developer feels this combination of deep discount off the front end, and affordable financing options on the back end make for a very solid offer. So the risk is non-existent.
For further information visit our sales office and showroom on the 7th floor of Tudor Court Condominium on Soi 2 Pratumnak Hill.