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Lot #59

Lot description:
100 acres. Level terrain with very gentle southern facing slope.
Remember, in Brazil Sun shines from the North! Sandy soil. Occasional medium trees. Small shrubs, sparse grasses. View of river valley to the South, and distant Bahia escarpment to East.

These lots would have a direct access to river if adjoining riverfront lot and a 50 acre lot are purchased. We have reserved a few riverfront lots and 50 acre lots to be purchased with 100 acre lots at a 10% overall discount!
Price:
Owner will carry financing at the following rates:

100 acre grassland parcels US$22,500 ($2,250 down payment, 120 monthly payments of $314.29)
Principal borrowed: $20,250.00
Annual Payments: 12 Total Payments: 120 (ten year financing)
Annual interest rate: 13.99% Periodic interest rate: 1.1658%
Regular Payment amount: $314.29 Final Balloon Payment: $0.00

Or Owner will finance any of the properties at 10% simple interest rate with 20% down payment on a five year loan.

100 acre grassland parcels US$22,500 ($4500 down payment, 60 monthly payments of $382.45)
Principal borrowed: $18000.00
Annual Payments: 12 Total Payments: 60
Annual interest rate: 10.00% Periodic interest rate: 0.8333%
Regular Payment amount: $382.45 Final Balloon Payment: $0.00