Financing
Email:
 info@eastwestdevelopments.com
Phone: +44 8701826515
Fax: +44 8445852550
www.eastwestdevelopments.com
IN-HOUSE DEVELOPER'S FINANCE  

Buy a 5 Star Hotel /Condo in 25 monthly payments
This offer may be withdrawn anytime without notice.

 

EXAMPLE: This is only an example to help the Buyer understand the details. If in doubt consult your representative at info@eastwestdevelopments.com before deciding. Sample Calculations as on  price of $100,000 on a  studio at the CondoHotel. 

Property Details:              Purchase Price:$100,000      

 

 

    Studio

    Parking Slot

 

Price

$100,000

$5,000

 

25 monthly installments of 4% each.  

$4,000

$200


The terms and conditions are as follows:
  1. 0% interest.   $0 processing fee. 
  2. Substantial Late fees for each month late. (equal to 20% of the late payment).
  3. On Purchase, pay 25 interest-free monthly installment payments.
  4. Buyer when making a purchase in installments , agrees to accept these installment payment  terms and conditions given on this page.

The monthly installment payments is paid every month.  All funds received are immediately credited to the Buyers account with the Developer, and the Developer confirms to the Buyer each installment payment received.  Developer also emails to the Buyers their Account statement  every 3 months.    

The buyer may send the payment by cashiers check, By online Bill pay,  money order, Western Union, Bank transfers, Wiring funds, credit card etc. Any means, which is convenient  and more economical to the buyer. The Developer can recommend the most reliable and economical way of sending the payments, and when the buyer follows the Developer's instructions, then the Developer will bear the transaction charges towards sending the funds. The buyer has to bear all exchange rate differences as may be applicable.  If using Paypal go to www.paypal.com and send payment to the developers email account. And select automatic monthly payments. It is the responsibility of the buyer to send to the developer all the installments on time.

 

ON-TIME Payments:    Please make sure all the monthly installments are received on time, (on or by the last day of every month). There is a grace period of 15 days only on the monthly installments. If any payment is late, beyond the15 days of grace period, it will attract substantial late fees (equal to 20% of the  payment late for each month), All payments will first be applied towards late fees, if any, and then towards the installment balance. Part payment of an installment is still subject to the full late fees.

A word of Caution: Buyers using the installment payments option, before making reservations, please check that they will be able to meet the monthly installment payments. There is no refund for Cancellation of the Purchase, once the installment payments start. The Buyers could loose their property resulting in substantial losses, if they default on their monthly installment payments, before completing all the installments.

All payments are to be made in the name of the developer, East West Developments.  If in default of payments, or if the payments are late by more than 6 months, then the reservations may be cancelled at the developers discretion. Buyers, can no longer sell their ownership if it is in default or cancelled. There is NO refund on cancelled units, and all the buyers payments made to that date will be forfeited.     

In case of more than 6 months, condoning of the delay will be at the sole discretion of the developer.   In case such delay is condoned the investor will have to pay double the late fees on each late installment as penalty, and will have to bring current all his payments.
The Buyer can upgrade to a higher Payment Plan within 90 days of his first payment.  After 90 days, Midway switch or change to another Payment Plan Option is not allowed.

For Resales, please check the Resale Pool Page.
 

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