New Financing Programs Now Available for Punta Mita Buyers
 Business Wire
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Punta Mita, Mexico - For the first time, developers within Punta Mita are offering below-market financing rates for buyers of select properties at this prestigious 1,500-acre gated community on Mexico's Pacific Coast.
"Developer financing is a great opportunity for buyers at Punta Mita," says Andres Rossetto, Managing Director of Resort Development for Punta Mita and DINE, Mexico's premier real estate development company. "Mexico has long experienced a stable economy and a healthy banking system, with no mortgage crisis issues. With a low national debt, balanced public finances, and controlled inflation, Mexico as a whole remains a solid place for portfolio diversification and real estate purchases."
DINE's financing program is available for their highly desired oceanfront homesites in the Kupuri community, the hillside residences of Las Canadas, and the Four Seasons Private Villas. It requires a 25 percent down payment and the 75 percent balance due after 36 months, at five percent interest. Developers of other Punta Mita properties are also offering attractive lending opportunities to buyers of built residences, which can be enjoyed immediately and be made available for income-generating rentals.
Both El Encanto and Porta Fortuna communities are offering developer financing on a selected inventory of completed residences that require a 30 percent down payment with five percent interest for 36 months. Ayia, a new community of 27 completed, two-bedroom condominiums with an array of amenities, offers zero percent non-qualifying developer financing for a 24-month term, with a 30 percent down payment.
According to a 2008 research study by Norton Consulting, Inc., prices in Punta Mita, Mexico, are on average 33% less than in similar exclusive gated communities in Los Cabos, Hawaii, The Bahamas and Costa Rica. Specifically, detached three- and four-bedroom ocean/golf view homes in Punta Mita range from $634 to $711 per square foot ($2.4 to $2.7 million), compared to $1,413 to $1,497 per square foot ($4.6 to $5.3 million) in similar high-end resort communities in the other destinations.
A spear-shaped peninsula with nine miles of Pacific Coast shoreline, Punta Mita is surrounded on three sides by white-sand beaches and dramatic coves. DINE has invested over $150 million USD to date in the project's infrastructure, and at full build-out, Punta Mita will have a real estate value of approximately $2 billion. In November, the St. Regis Resort and a second Jack Nicklaus Signature golf course opened at Punta Mita.
For more information on Punta Mita, including "Experience the Dream" travel packages for individuals interested in exploring Punta Mita's ownership options, contact the Punta Mita Properties Real Estate Center toll-free from the U.S. at 888-647-0979 or email pminfo(at)puntamitaproperties.net. Or, visit www.puntamita.net or www.puntamita.com.mx.
About Punta Mita
Punta Mita is an ultra-luxurious, 1,500-acre resort and residential community situated in the Riviera Nayarit, north of Puerto Vallarta. It lies on private spear-shaped peninsula surrounded by white sand beaches, Pacific Ocean waters and lush tropical flora. Punta Mita is home to private villas and residences, two Jack Nicklaus Signature Golf Courses, the new St. Regis Resort Punta Mita and the Four Seasons Resort Punta Mita, voted the #1 golf resort in North America and the U.K. by readers of Conde Nast Traveler (2008). The master plan of Punta Mita includes several additional developments currently in the works, including a Mii amo destination spa and residences (2010), the all-suite La Solana Resort (2011) and a variety of luxurious residential offerings and estate lots. www.puntamita.net or www.puntamita.com.mx
DINE, Mexico's premier real estate development company, is the owner and developer of Punta Mita. DINE's real estate portfolio includes commercial, residential and master planned communities throughout Mexico. DINE was founded in 1978 to serve the specific needs of the highest income sectors in Mexico, establishing unprecedented design quality in residential, commercial, leisure and corporate real estate development. www.dine.com.mx |
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Puerto Vallarta Real Estate | February 2009 
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