Pre-Construction Schedule of Payments
The best way to understand the schedule of payments in Pre-construction projects is to see them in some of the ongoing projects.
One Thousand Museum
Estimated Payment & Completion Schedule
10% Contract (June 2013)
20% Break Ground (1st Quarter 2014)
10% Your Floor
10% Top Off (2016)
50% Closing 2016
SLS Brickell
10% at Reservation
10% at Contract 3 months after Reservation
10% at Ground Breaking 3 months from Contract
10% at 25th Floor 10 months after Ground Breaking
10% at Top Off 8 months after precious payment
50% at Closing
Jade Signature
10% due at Reservation
15% due at Contract 3 months after Reservation
15% due at Construction
10% due at Top Off
50% due at Closing
Biscayne Beach
10% at Signing of Reservation Agreement
10% at Signing of Sales Agreement
20% at Ground Breaking
10% at Pouring Slab on Unit Floor
50% due at Closing
Icon Bay
10% to Reserve unit
10% at Contract (3 months after the reservation period)
20% at Ground Breaking
10% at Top Off (16 months after groundbreaking)
50% at Closing (approximately one year after top-off)
Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
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