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Fabulous Financing at The Hayes condominiums in the Heart of the Civic Center September 14th, 2007

The developers at The Hayes condos are offering a deal on financing at 5.5% fixed for five years. This would make the financing cost on an $800,000 purchase (with 20%) down $3,340/month. And it’s all interest only, so each month you save $1,100 on your income taxes.

There is some fine print in the offer. You have to work their approved lender (at Triton Funding) and must have a credit score of 720 or above

The Hayes sales office is off-site and they still don’t have models set up in the building yet. Actually the whole thing is literally “under wraps” and swathed in black scaffolding that makes it look a bit like a Christo scultpure.

Stats on the Hayes:128 Units- combination of studios, one-bedrooms and two-bedrooms.
Prices run $825-1000+/square foot. (I suspect the premium square-foot price is for the “historic barn” units to the left of the project.

Nota Bene: While the building is called “The Hayes” the address is actually 50 Page Street– three blocks to the South.

Here’s pitch I got in my email box about the financing deal

The Hayes is approaching the final stages of construction and homes are currently selling. Located on Page Street in the heart of Hayes Valley, the anticipated new community offers many of the most sought-after urban amenities, including an attended lobby, a state-of-the-art fitness center and a roof deck with great city views. Individual homes are outfitted with exceptional detail, including Italian tile, German cabinetry, and French fixtures. The Hayes’ instinctive design allows for more corner-oriented floor plans with expansive bay windows and private balconies that connect you with the energy of the neighborhood.

Take advantage of our limited-time special financing offer today - visit our sales office and find out how you can obtain an interest rate of 5.500% on a 5 year-fixed interest-only loan.* Now’s the time to make The Hayes your home and to be part of one of San Francisco’s most unique neighborhoods.

About The Hayes
Co-developed by Intracorp and Group Azure, The Hayes features rare NEW homes in Hayes Valley, San Francisco’s hip, fashionable neighborhood for the arts, music, dining and shopping. The Hayes is centrally located in the heart of San Francisco, close to public transportation and with convenient freeway access. Buyers looking for the excitement of The City and the amenities of contemporary urban living will find everything they need at The Hayes. Visit www.TheHayesSF.com to learn more.

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