Zihuatanejo Condo Sale Information
Terms of Sale
Full Share Price: $395,000USD 1/4 Fractional Share Price: $100,000
Terms: Buyer shall purchase for $195,000 USD an "option to buy" subject property for $200,000 USD
which will state buyer has six (6) months to exercise such option to acquire full ownership interest in
the condominium commonly known as #301A & the bodega commonly known as #18 in the La Casa
Que Ve al Mar development on Playa La Ropa, Zihuatanejo, GRO, MX, and more specifically known as
the properties located on Lots 96, 98, and 100. Col. Playa La Ropa, Escenica, Zihuatanejo, GRO, MX.
Lease Option Available
Terms: Buyer may execute a six (6) month lease with option to buy subject property for $200,000
USD within 15 calendar days of the expiration of said lease. Lease rate is $33,500 USD /month. Seller
will pay all expenses the first six months of said lease not to exceed $8,000 USD. Buyer will have full
rights of occupancy during lease period and agrees to cooperate with seller with respect to all
maintenance issues. Seller retains the right of inspection given 24 hour notice by any means including
but not limited to 1st class mail, e-mail, telephone, hand delivered notice by seller's agent.
The "lease option" will not be made available to fractional buyers.
Fractional share buyers shall purchase "options to buy" at the rate of $50,000 USD per 1/4 fractional
share interest allowing them to purchase a 1/4 interest in said property for $50,000.
Seller shall not cancel or amend such option(s) after execution by all parties. Seller shall furnish to
buyer within 30 days of acceptance of offer from buyer a statement of expenses for the previous
calendar year clearly delineating condo fees, utility charges, etc.
If buyer(s) is (are) not (a) Mexican National (s) exempt from those certain ownership requirements
relative to fee simple ownership of real property in the restricted zones and the property will be held
in trust in the form of a Fideicomiso, all costs associated with instituting such a document shall be the
exclusive responsibility of the buyer.
Financing Available for Qualified Buyer(s)
Financing: up to 80% loan to value for buyer(s) with excellent credit and large equity in personal and
owner occupied single family residence. Funding shall take the form of a 1st deed of trust if subject
collateral property carries no debt; terms of loan are up to 80% LTV of purchase property, 15 year
amortization, due in 5 years; interest rate of 3.5% - LTV of collateral property may not exceed 75%.
If the personal and owner occupied single family residence carries a 1st deed of trust and sufficient
equity exists to enable a 2nd deed of trust to be added then the terms of the loan for the purchase
property shall be 75% loan to value of the purchase property, 15 year amortization, due in five years;
interest rate of 6%. Combined indebtedness of 1st deed of trust and potential 2nd deed of trust may not
exceed 75% LTV of collateral property.
All financing options subject to approval by seller.
Seller has no interest in trading equity in the subject property commonly known as 301A in the
condominium complex also commonly known as La Casa Que Ve al Mar, Zihuatanejo, for equity
position(s) in properties buyer may own or control.
Note: all offers will be given careful consideration