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. 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.
 

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.

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