Costa Rica's Riverside Developers Acquires Access to $100 Million in Residential Mortgage Financing from a Subsidiary of Deutsche Bank.ESCAZU, Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American mortgage financing for your unit at the Sonesta Jaco Resort or Ocean Whisper Resort has just become easier. Riverside Developers today announced that MortgageIT, Inc., a subsidiary of Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , has agreed to make available $100 million in residential mortgage financing to qualified purchasers of properties at luxury resort projects developed by Riverside Developers. "MortgageIT's commitment to our projects, Sonesta Jaco Resort and Ocean Whisper at Tambor Beach, will allow us to facilitate the purchases for our buyers," said Joshua ten Brink, General Manager of Riverside Developers. "We are pleased that, with MortgageIT, customers will now have a streamlined process to acquire mortgage financing that will provide top-notch customer service with extremely competitive rates. We are convinced that the MortgageIT program will substantially increase our sales velocity and volume as well as customer satisfaction. The quality of service that MortgageIT provides has not been available in Costa Rica until now." "The growth of the second home real estate market in Costa Rica has been very impressive," said Doug Naidus, Managing Director and Global Head of RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities Lending and at Deutsche Bank. "We are thrilled to be working with Riverside Developers to provide end-loan financing to consumers in this exciting market. As a new financing resource, we look forward to continuing to develop new products to introduce to this marketplace. The quality of real estate that they build will be an excellent match with our financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ." About Riverside Developers Riverside Developers is recognized as one of the premier local development firms in Costa Rica. The company has won the Bentley International "2005 Best Development in Costa Rica" award for its Riverside Condominium project in Escazu, the "2006 Best Development in Costa Rica" award for its Bayside Tambor project in Tambor, and the "2007 Best Development in Costa Rica" award from CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. for the Sonesta Jaco Resort. The company is developing the Sonesta Jaco Resort (to be managed by Sonesta International Hotels NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SNSTA), Ocean Whisper, and currently has over 750 residences in planning and construction throughout the country. www.SonestaJaco.com www.RiversideCostaRica.com About Deutsche Bank Deutsche Bank (NYSE NYSE See: New York Stock Exchange : DB) is a leading global investment bank with a strong and profitable private client franchise. A leader in Germany and Europe, the bank is continuously growing in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Asia and key emerging markets. With 78,275 employees in 76 countries, the bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. www.db.com About MortgageIT, Inc. MortgageIT, Inc., a subsidiary of Deutsche Bank, is a New York City-headquartered residential mortgage banking company, providing products and services throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Historically, MortgageIT has ranked as one of the largest residential mortgage companies in the U.S. Originally founded in 1988, MortgageIT was acquired by Deutsche Bank in 2007. MortgageIT continues to expand its product offerings by making available permanent and construction-to-permanent financing to qualified purchasers of residential properties at select luxury resorts across the Caribbean and Latin America. |
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