Full coverage· Economy· Updated
Gindi Holdings Offers 10-Year Payment Deferral on 900,000 Shekel Apartment Portion
Gindi Holdings is offering a promotion where buyers can defer 900,000 shekels of an apartment's price for up to ten years. This offer applies to about 300 apartments and aims to reduce initial buyer costs. The deferred amount is financed by a balloon loan, with Gindi covering interest.
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What happened
- 01Gindi Holdings allows buyers to defer 900,000 shekels of an apartment price for ten years.
- 02The promotion applies to approximately 300 apartments across four projects.
- 03Buyers pay 20% down and the rest minus 900,000 shekels upon delivery.
- 04Gindi Holdings will cover interest on the deferred amount, financed by a balloon loan.
- 05An appraiser estimates the deferral is worth 500,000-600,000 shekels on a 4.5 million shekel apartment.
- 06The deferred sum will be repaid based on the apartment's value in ten years.
Real estate experts estimate the benefit to be significant, potentially saving buyers hundreds of thousands of shekels.
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