In a move to raise buyer interest, DINE, developer of Punta Mita, is now offering attractive, below market financing rates at the Kupuri beachfront development. Kupuri is part of Punta Mita’s nine-and-a-half-mile beachfront, where DINE is offering lots ranging from ¾ acres to 1.5 acres, priced from $2.25 million for secluded hillside locations to $7.2 million for beachfront estate sites.
To date, DINE has sold eight Kupuri lots, including a beachfront property to homebuyer and Mexico City-based architect Alejandro Quintanilla. Quintanilla has designed a five-bedroom, contemporary style estate home with special guest quarters now under construction and slated for completion by fall of 2009.
DINE’s new financing program requires a 30 percent down payment due at closing with no mortgage payment due for three years at zero percent interest. A balloon 70 percent payment balance is due at the end of three years. Additional terms and incentives, for a limited time, include a 15 percent discount off the list price, and a 10 percent discount as long as the home is built within the first three years. In addition, homeowner association fees, property taxes and golf membership dues are waived for three years.