No we don’t provide financing or work with any particular lender. But we do provide a payment plan option.
1. Phased payment plan – (50% down payment, 40% before shipping / relocation, 10% upon delivery).
2. Hire-purchase – the home is hired with intention to purchase. This option is a form of investment for the hirer who makes relatively more profit with an investment property than would be the case when renting a home. The hire-purchase option enables you to buy a house that you are already renting, so that it really becomes your property. We offer this option so that you can eventually buy your dream home which the bank would not provide full mortgage-financing for. With hire-purchase you become the owner of the house immediately after the last instalment is paid.
This plan has two options and is only applicable to those who are registered citizens located in St. Maarten and in Aruba. The hire-purchase options are:
- Fast Plan – this option includes a stall fee based on the occupied surface m2/ sq.ft, and a 60% down payment while the rest 40% is paid in instalments. For administration costs a 0.5% is applied until the last instalment is paid in full.
- Gradual Plan – this option includes a stall fee based on the occupied surface m2/ sq.ft, and a 30% down payment while the rest 70% is paid in instalments. For administration costs a 0.5% is applied until the last instalment is paid in full.
More info can be retrieved at the Terms and Conditions.
3. Commercial Unit Lease for Eco Business Unit (EBU); Carib Housing remains owner of the EBU, and the lessee can use the EBU within the agreed lease period. This option is only applicable to those who want to do business at The Keys Market location in St. Maarten – limited spaces!