Posts Tagged ‘Title’
Hoboken, NJ (PRWEB) February 6, 2007
Kubera Venture Capital Group, LLC, (www.kuberavc.com) a privately held real estate investment and development firm, today announced an alliance with Stewart Title Costa Rica, providing services for buyers of its gated residential community, Jade Azul, in Nosara, Costa Rica. (www.jadeazul.com) Stewart Title and Kubera will work together to offer Jade Azul buyers title insurance and local financing options for the community’s homes.
Nestled in the Nosara jungle, Jade Azul is a Balinese-inspired residential community that will offer a mix of single-family villas, ocean-view condominiums, and commercial amenities. Construction is currently ongoing, with the first phase of 10 villas nearly completed. Pre-construction sales for additional villas and condominiums are underway for delivery in early- to mid-2008. Pre-construction pricing for the jungle- and mountain-view villas ranges from $ 180,000-$ 225,000 for 1-story villas and $ 195,000-$ 240,000 for 2-story villas, with actual prices dependent upon lot sizes. Pre-construction pricing for 180-degree ocean view condominiums starts in the high $ 200s.
The relationship between Jade Azul and Stewart Title Costa Rica will provide homebuyers the opportunity to purchase title insurance and explore financing options from a legitimate, well-established source in Costa Rican real estate. Kush Wadhwa, Partner of Kubera Venture Capital Group, stated, “We are extremely pleased to announce our relationship with Stewart Title Costa Rica. Purchasing foreign real estate can be a difficult and stressful experience. However, Stewart Title’s international presence, extensive experience, and impeccable reputation in the Costa Rican real estate market remove much of the peril associated with foreign investment and should instill confidence in Jade Azul homeowners that their purchase is secure, legitimate, and they are receiving the utmost in quality and service.”
In addition to providing title insurance services, Stewart Title is also offering special financing programs to Jade Azul buyers. Stewart Title’s strong relationships with local Costa Rican banks allows Jade Azul buyers to pursue mortgage financing, using their Jade Azul property as collateral, with competitive terms and interest rates. This is a unique opportunity for homeowners, as most Costa Rican banks will typically not offer mortgage financing to non-residents. Omar Ayales, the General Manager of the Stewart Title Guanacaste office, stated, “Our innovative financing programs are a wonderful resource for buyers looking to purchase real estate in Costa Rica. We are thrilled to be able to offer Jade Azul buyers the opportunity to pursue their dreams of living in a tropical paradise.”
Nosara is a small Pacific coastal town located in the Guanacaste province in Northwestern Costa Rica. The town is famed for its world-class surfing and sport fishing, and offers a myriad of other eco-tourism related activities. It boasts a large American population, dubbed the “Proyecto Americano,” and has long been a home for privacy-seeking celebrities and wealthy Americans. Tucked away in the jungle, Nosara is accessible either by air (a 40-minute flight from the Juan Santamaria International Airport in San Jose, Costa Rica’s capital city) or car (a 2-hour drive from the Daniel Oduber International Airport in Liberia).
About Kubera Venture Capital Group:
Kubera Venture Capital Group is a US-based real estate investment firm focused on international residential vacation and second-home development. The principals have a collective 20 years of experience, including turnkey construction, new construction, land development, multifamily renovation, and condo conversions. Over the past ten years, they have completed many successful projects in the United States, Canada, Europe, and Central America.
Kubera Venture Capital Group