Costa Rica Real Estate Newsletter March 2008
Featured Home

As you read this, some of the most innovative indoor-outdoor luxury living is being created behind the doors of Kalia’s architectural and design department. This month we are extremely excited to reveal two of our newest model homes. If you are a current or future buyer and would like to move forward on construction with one of these spectacular models please contact Michael Rivera at mrivera@kalialiving.com. We are offering special construction discounts for those who close on their construction loans before the end of August.

MARIPOSA
Fluttering like a butterfly just above and hugging the lush coastal terrain, Mariposa engages its inhabitant with an unspoiled union to the earth, ocean and a luxurious modern-eco lifestyle. Mariposa's main public space includes interior an garden, living – dining room, and kitchen. The exterior entertaining area is subtly separated from the private areas as a result of an enveloping exterior garden bridged by a glass circulation spine. Whether entering directly to the master bedroom from the corridor or descending stairs to the family room and guest suites below, the intimate spaces of Mariposa maintain ultimate privacy while expanding ones experience through a panorama of picturesque nature, vivid sunsets and deluxe amenities.

BRISA
Designed as a flat lot option for our Breeze model - Brisa retains the concept of blending home with nature - incorporating free plan space, openable exterior walls and refined materials. Taking advantage of a first floor capable of opening from the rear kitchen wall, through living-dining room walls, onto the deck and into the jungle – Brisa makes a bold proclamation of its extraordinary connection to the environment beyond its interior envelope. An ascending staircase, suspended over water below, leads to luxurious suites on the second floor. Conspicuously perched above water mirrors, waterfalls and the pool – the walls of your lavish bedroom open to a leafy garden deck – connected to activities below and open to the pure air in the lofty Costa Rican vegetation.
 

New Developments

We are very happy to announce that after an enormous amount of research and development on our extraordinary model homes and after completing foundation testing, construction has now started on the first Breeze model home in Black Beauty Village. Permits to start construction on the Mist model in Ruby Sky Village and Lush model in Emerald Woods Village have also been obtained and are planned to break ground on April 7. We plan to continue updating you on the progress of construction and development in all of our villages in upcoming newsletters.


Construction has started in Black Beauty Village.

Financing News

Costa Rica's financing industry is constantly developing and maturing. We are seeing new loan programs coming online almost every month. Foreign lenders are entering the market and established lenders in Costa Rica are restructuring their programs.

Tight lending guidelines are loosening and viable loans once only available in the US, are becoming a reality in Costa Rica. Almost all of the leading lenders in Costa Rica have also recently expanded their programs to provide financing to foreigners from all over the world. Up until recently, these programs were strictly limited to US and Canadian citizens.

As recent as a year ago there were no fixed rate mortgages of any kind offered to foreigners. Currently we have established relationships with few lenders offering 5 yr fixed term ARM's at just 1 to 2 points over present US loans. Fixed rate mortgages are truly a major advancement in the options available for residential real estate financing in Costa Rica.

Multiple US lenders have begun Costa Rica non-resident loan programs. This represents a major milestone in the history of non-resident financing in Costa Rica. It is expected that additional programs, as well as competing international lenders, will continue to enter the market as lending continues to mature through 2008.

For those of you looking to move forward on a construction loan and/or looking to payoff the note coming due on your lot, we can refer you to a number of brokers and banks we recommend:

KING MORTGAGE OF COSTA RICA
Philip Eitman
Phone (CR): 011-506-361-1000
Email: philcostarica@gmail.com

US OFFICE
Vincent Alvarez
Office ph 973-256-5777
Office fax 973-741-3535
Email: vinmortgage@gmail.com

MDO MORTGAGE SERVICES
Christopher Matthews
Toll Free US: 800.518.2066
Costa Rica Office: 011 (506) 215.5004
Costa Rica Fax: 011 (506) 215.3745
Costa Rica Cell: 011 (506) 828.5982
Website: www.mdomortgage.com
Email: chris@mdomortgage.com

TITAN RESERVE, LLC
Collateralized US Real Estate Loan
Ed Flower
919-688-6141 (Office)
919-824-3131 (Mobile)
859-201-1161 (Fax)
Website: www.titanreserve.com
Email: commercial.loans@gmail.com

Fly & Buy Tour

The weather in Costa Rica is absolutely amazing! Our last few Fly & Buy Tours were big successes with many satisfied clients getting to choose an ocean view lot for their dream home. Our tropical adventures begin with a short flight from Costa Rica’s San Jose International Airport to the coastal surf town of Nosara, the best kept secret on the Gold Coast of the Nicoya Peninsula. The area of Nosara is beginning to enjoy tremendous growth with the new Del Mar Academy international grade school and new medical facilities being built in the heart of Nosara. There we enjoy a Costa Rican lunch followed by a relaxing walk on the sandy beach of Playa Guiones. The rest of the afternoon is spent with some of the local realtors where we take a tour of homes that are for sale in the area. Their knowledge of the local real estate market and helpful attitude make for an educational day enjoyed by everyone.

The rest of the day is spent at Luna Azul Hotel where many of our clients unwind with a drink by the pool or afternoon nap in their villa. Following the rejuvenation and relaxation, we gather for a delicious dinner set deep in the Costa Rica jungle. Luna Azul is a charming boutique hotel located in Playa Ostional on Costa Rica’s northwest Pacific Coast and just minutes from Kalia's Black Beauty, Ruby Sky and Emerald Woods villages. Its close proximity to the world famous turtle beach of Ostional makes Luna Azul a great place for the observation of hundreds of thousands of marine sea turtles that come in at night from the ocean for nesting. If you are lucky, you may be able to experience this unbelievable natural phenomenon.

After being awakened and welcomed to this magical location by howler monkeys off in the distance, the next morning begins with a delicious tropical breakfast and the highly anticipated visit to our resort village. Once at the village, everyone gets to visit their lot for the first time. It is truly a joy for us to see the excitement and smiles on everyone’s faces as they may look at a magnificent ocean view while imagining one of our beautiful and extraordinary homes situated on their private lot. This day is filled with many enjoyable surprises…

The third day of our Costa Rican journey is capped off with a visit to Tabacon Resort & Spa near the famous Arenal volcano. On the scenic trip to Arenal you experience first hand the virgin beauty of Costa Rica. Tabacon allows everyone a chance to enjoy the natural hot springs, spa treatments and excellent dining, a small taste of the luxurious and pampered lifestyle offered by Kalia Modern Eco-Living.

Testimonials

“We were very pleased with our decision - the views and the allure of the surrounding terrain were just as the Kalia staff described them. We could just imagine spending days basking in the sun and nights gazing at the stars in our new vacation home, and sharing special times there with family and friends.”

Jacy and Jimmer Bolden – Black Beauty Village

 

“Our most enjoyable experience during our trip to Black Beauty, besides direct contact with Mother Nature, was meeting an incredible Kalia team with unconditional enthusiasm and inconceivable vision and passion. The well organized trip was very relaxing and rejuvenating. It was difficult to leave.”

Val and Eve Gonsiorek – Black Beauty Village

 

Customer Loyalty Program

Share the Kalia opportunity to your friends and family and have them attend one of our Fly & Buy Tours and receive a weekend trip for two to Tabacon Resort & Spa in Costa Rica. Invite them to one of our scheduled live webinars below. If your referral closes on a purchase with us receive $10,000 in upgrade options on your Kalia home. Call or email Zack Cohen in our Sale Department for details. His email address is zcohen@kalialiving.com.

Costa Rica in the News

That Flood of Retiring Baby Boomers is Just a Few Years Away...
San José, Costa Rica, Thursday, Aug. 9, 2007, Vol. 7, No. 157
By A.M. Costa Rica

An Inside Look at Costa Rica’s Unique Real Estate System
By Roger Petersen

The information contained in the news articles above is based upon information believed to be reliable by Kalia Modern Eco-Living. No warranty can be made as to the accuracy of such information or that circumstances have not changed since the information supplied. Readers of these articles are not to construe the contents as fact without proper due diligence.

The drawings and specifications, renderings, plans, concepts, ideas, designs and arrangements embodied herein are and at all times shall remain the sole and exclusive property of KALIA MODERN ECO-LIVING LLC (“KALIA”): no part thereof shall be copied, published, transmitted or used in connection with any work or project or publication (of any kind and description) other than the specific project for which they have been prepared, without the express written consent of KALIA. KALIA, and its licensees, reserve the right to make changes in plans, terms, specifications, features, and/or special offerings at any time without prior notice. All renderings and floor plans are artist conceptual drawings and may vary from the actual plans, designs and homes as may be built. Square footage/meter numbers are approximate and may vary depending on the standard measurement and method used. Copyright © 2008 KALIA MODERN ECO-LIVING LLC., HSBC, Stewart Title and TACA logos are copyright their respective owners. All rights reserved.

WARNING: UNITED STATES GOVERNMENT AGENCIES, INCLUDING THE CALIFORNIA DEPARTMENT OF REAL ESTATE AND ALL OTHER FEDERAL AND STATE AGENCIES, HAVE NOT EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS, CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR THE AVAILABILITY OF WATER, SERVICES, UTILITIES, OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE COUNTRY WHERE THIS SUBDIVISION IS SITUATED.