Skyline Development Group has rolled out special new financing programs that will provide a clearer path to homeownership at Solaia, the upscale collection of new condominium homes and next-level health and wellness amenities in the hidden gem of North Bergen, between Edgewater and Weehawken on the Hudson River waterfront.
Skyline has arranged a limited-time mortgage buydown at the 14-story building that includes 2% off interest rates in the first year of homeownership and 1% off the market rate in year two. The program provides qualified buyers considerable savings on a 30-year fixed-rate mortgage with a 25% down payment.
The financial incentives do not end there.
Skyline Development Group has also secured a $1,500 lender credit that can be applied towards closing costs for purchasers who finance with the building’s preferred lender, NJ Lenders Corp. Combined with the fact that North Bergen offers one of the lowest real estate tax rates in Hudson County, the financing programs firmly position Solaia as a high-end value on the New Jersey “Gold Coast.”
“We’ve discovered there are many condominium buyers on the fence about purchasing due to uncertainty with interest rates,” Louis Mont, CEO of Skyline Development Group, said. “The mortgage buydown program was introduced to ease their concerns and reduce monthly costs. The lender credit provides an additional cost benefit to lessen the money needed at the time of closing. Together, these incentives create both immediate and long-term savings. This program also allows purchasers to have a fixed rate they can rely upon in the future or the option to refinance if rates come down.”
Solaia offers a mix of 70 well-appointed one-, two- and three-bedroom homes with just seven Manhattan-facing residences per floor. Residences are priced from $699,000 to $1.5 million.
The Marketing Directors serves as the building’s exclusive sales and marketing agent.
“Despite challenges in much of the for-sale market, Solaia continues to record sales,” Jacqueline Urgo, president of the Marketing Directors, said. “Its acceptance by homebuyers no matter the circumstances prove its popularity and speaks volumes about its ability to deliver a high level of value, quality and luxury to the customer base. We believe the appeal of Solaia will grow even stronger with the introduction of these new programs.”
Nestled in the Palisades Cliffs overlooking the Hudson River and Manhattan skyline, Solaia has become the preferred choice for homebuyers seeking the luxury and opulence of a designer condominium and the benefit of living in a building that has created a new level of indulgence with an emphasis on a healthier, more balanced lifestyle.
Designed by architectural firm Architectura and curated by Doni Douglas, Solaia fully maximizes its natural and picturesque surroundings on an elevated, secluded street adjacent to the historic Palisades Cliffs and overlooking the Hudson River.