Purchasers have the choice to participate in a lease income agreement program for a 3-year term. They will receive a fixed monthly rental income with an annual escalation over the 3-year term. The monthly rental income includes estimated property tax escrows.

• Residences are sold fully furnished with very stylish interiors and a high-end boutique style atmosphere.

• Option-ARM loan package offered by Capital Mortgage Advisors for those who qualify.

• Paid monthly homeowners association fees for the three year term (for those who participate in the lease program).

The following units are currently available with the following lease income as it increases each year:

2A   4 Bedroom/3.5 Bath    $1,652,040   Yr.1 lease @ $5,200/mo, Yr.2 @ $5,616/mo & Yr.3 @ $6,065/mo  

3E   4 Bedroom/3.5 Bath    $1,732,080   Yr.1 lease @ $5,500/mo, Yr.2 @ $5,940/mo & Yr.3 @ $6,415/mo

4C   3 Bedroom/3 Bath       $1,990,040   Yr.1 lease @ $6,300/mo, Yr.2 @ $6,804/mo & Yr.3 @ $7,348/mo

5B   4 Bedroom/3 Bath       $2,324,840   Yr.1 lease @ $7,400/mo, Yr.2 @ $7,992/mo & Yr.3 @ $8,631/mo

Blackout periods do apply, making this program more suitable for investors, rather than someone looking to use their condo and put it in the rental program.  I sit on-site at The Highmark, so call me with any questions and I'll be happy to fill you in on all of the details.