Where is located?

Costambar is located just west of Puerto Plata and has an open beach, protected by coral reefs and an exuberant vegetation area of almond trees that shields if from the sun.

How secure is it?

Within walking distance from Costambar beach, Sea Horse Condos is within a fully secured, gated community that attracts many families with children. This quiet residential community with its long stretch of open, reef-protected beach line is a beacon for many from all parts of the world.

If you love the beach, you will love living in the Sea Horse Condos and friendly and multi-national Costambar! Find out more on how to secure your piece of paradise with this exclusive offer.

Sea Horse Condos – Ocean View Condominiums

Your Sea Horse Villa is fronted by a private balcony or terrace from where you can sunbathe, or simply sit and gaze upon the ever-changing, slightly hypnotic ocean and watch the sunrise in spectacular beauty. Sea Horse Condos constantly offers dazzling views of the ocean and you will often find yourself watching the sunrise in your own private enclave and paradise home.

Sea Horse Condos private swimming pool which is a 16.52 meter (20 yard) lap/recreation pool for its residents offers an alternative to those who don’t wish to walk the few meters to the beach, or just feel like an evening swim, to pass the day reading a book or playing with the children. Clear, comfortable water in a private pool to wile the hours away, is yours at Sea Horse Condos.

Sea Horse Condos vaulted ceilings and being the second tallest structure in costambar, built on the highest hill, natural ocean breezes cool and refresh year round . For those warm tropical nights however, new high efficient air conditioning units are installed in all bedrooms !!. In every room, powerful, controlled ceiling fans provide energy effecient breezes, screen-protected windows and openings everywhere, provide ventilation and allow the natural breezes from the ocean to bathe you in its tropical air conditioning.

Sea Horse Condos has its own water system with a 20,000 total gallon capacity of city water and captured rain water. Sea Horse Condos private Robeyda Water Filtration System ensures pure water on its site for bathing, washing, and even drinking.  Just like home!  At Sea Horse Condos there is never any concern about having enough water to shower, wash clothes or have the pool filled.  Pure, clean, fresh water every day, all day, all year around at Sea Horse Condos!  And then, there is the beach – mere steps away!

Sea Horse Condos has installed a brand new Cummings diesel 40 km silent gas/oil diesel back-up power plant within its own casita.  A transformer that transforms Puerto Plata City power to 110V will keep all your appliances running smoothly without danger of damage from periodic surges. Adding a personal inverter to your Villa at Sea Horse Condos guarantees 24-hours a day power supply and complete freedom from care and worry and relaxing time to enjoy your stay at your exclusive Sea-Horse Condos home.

Never worry about unwelcome flying guests in your Sea Horse Villa!  Every door and window has screen facings on them which will allow you to enjoy the beautiful Caribbean breezes wafting through Costambar and the Dominican Republic seashore as well as protect the inside of your Villa from any mosquitoes that might find themselves wandering into your area.

Sea Horse Condos was designed for those who want to be in Paradise but have the comforts of ‘home’; with our 24 hours office and security staff, we can rent your condo for you when
you are away, or you can simple rest easy back home knowing the complex is staffed and secure year round !!. Sea Horse Condos are your investment in your future and a guarantee
of spending your days and evenings in the comfort of your own little piece of paradise.

Costambar, Puerto Plata, Dominican Republic

Costambar is just west of Puerto Plata on the North Coast of the Dominican Republic.  Its name is derived from being the Coast (Costa) of Amber (Ambar) , where much of the countries Amber was mined. You will love being in Costambar -the "Amber Coast pearl!�

Costambar is a little village in its own right with people from many countries around the world.  Costambar is not as crowded and much more relaxed than the all inclusive  resort areas such as Playa Dorada and is ideal for retiring, bringing up children or living the single life.

Families from many and diverse nationalities with small children are frequently attracted to this quiet residential community with its long stretch of open, reef-protected Costambar beach line.  Costambar is surrounded by calm, clear waters and has a long stretch of sand with few waves, making it perfect for children.

Visitors, foreign residents and locals alike, freely live, love and especially laugh in this friendly area.  If you love the beach, you will love Costambar!. Costambar hosts a variety of  restaurants where joining tables with a neighbour or new-found friend or simply waving hello to someone you recognize from your day’s activities, is a frequent form of entertainment.

Bars and gift shops line Costambar beach, where you can rent a chair for a few pesos and spend the day counting the waves and making sure they come in on time.

Within the village of Costambar, there is also a 9-hole golf course, other inside or outdoor restaurants and bars as well as supermarkets that are well-supplied with competitive prices, in case you are eating in tonight.

Sea Horse Condos – Ocean View Condominiums

Sea Horse Condos - is an exclusive and private, 10 condominium community development on the north coast of the Dominican Republic, Puerto Plata, in the village of Costambar. (Seasonal population 2,000). Condominiums are now for sale while finishing the final details of this spectacular project!!

Details:         
10 New Condominiums
3rd Floor - One Ocean view Penthouse - $399,000 USD.
2,200 sq ft. - 3 bedrooms 3 bathrooms.

2nd Floor - Three Condos -
One Ocean view - 3 bedrooms 3 bathrooms - 1510 sq ft. - -$169,000 USD
One Ocean and Mountain View - 2 bedrooms 2 bathrooms - 1315 sq ft. - $129,000 USD

One Ocean View 1 bedroom 1bathroom 820 sq ft--$139,000 USD

1st Floor - Three Condos -
One Ocean view - 3 bedrooms 3 bathrooms 1520 sq ft.-- $149,000 USD
One Ocean view - 1 bedroom 1 bathroom - 820 sq ft. --$119,000 USD
Mountain View - 3 bedrooms 2 bathrooms - 1400 sq ft. - -$149,000 USD

Lower Lot -Three Condos -
East 1 bedroom condo 680 sq ft.--.$ 64,900 USD
Center 1 bedroom condo 450 sq ft--$ 48,500 USD

West 1 bedroom condo 600 sq ft.--$ 58,000 USD

Sea Horse Condos residents and guest will have access to the fenced roof area and Casita for sun bathing, enjoying the incredible views and breezes and perhaps even star gazing !!

Additional: There is a servant quarter below the office area in the lower lot; this is for live in servants for security, cleaning and maintenance.

Club House and Pool area:

The pool courtyard and lush garden are occupies 150 sq meters of land adjacent the pool and clubhouse which offers a shared kitchen and bath. The pool is the largest in the Costambar area.

Parking:
There are secure parking for 1 vehicle per condo or 10 vehicle spots.

Seahorse Condos have a condominium corporation formed in which by laws are of a standard nature with monthly dues in the 4000-9000 pesos per month ($120-250 USD) based on flat charge plus square footage charge that will include: water, sewer, security, ground and pool maintenance, up keep, cleaning etc.

We will also have full time office staff to coordinate your renting your condo when you are not here (for a standard 15% of rental amount charge) we will arrange airport pickups, transfers, and all that is necessary to make sure your guests have a first class experience!!

Contact us for more information about Sea Horse Condos and find out more on how to secure your piece of paradise.

Create a Home Theater like the Pros. Watch the video on AOL Home.

Financing:
Indeed we have finished with a six month test of our mortgage products at Cap Cana and Casa de Campo. We are rolling out the program across the rest of the DR at this point.

Let me give you some details as to the Cross Boarder Lending Division at Mortgage it, a subsidiary of Deutsche Bank

Our lending activity began last autumn in the DR, Mexico and Costa Rica.
We can lend to citizens of the USA, Canada, and Great Britain, including Northern Ireland.

A borrower can be a duel citizen of these counties.

The borrower must have a credit score of 680 or the equivalent in the UK.

You must have assets equal to the loan amount. For example, if we were to loan your client 1mm dollars, we would want to see 1mm in assets. This can be broken down into 20% cash (bonds mutual funds etc) and the balance can be in the form of equity in other non primary homes, like 2nd homes and investment properties. We can also use equity in a business.
Our loan limit is 4 million per borrower and up to 3 properties.

For example, in CASA DE CAMPO, we closed a deal where upon a purchaser paid 10mm for a property last summer and we closed a deal for him giving him 4mm in his hand, cash out, or actually he was reimbursed partially on his purchase.
Typically, we up to 70% of the purchase price or appraised value.

We do have a stated income program in which we don't look closely at income.

In this case we go up to 50% of value

The programs we have are on a 30 year amortization basis. (5 year Libor ARM) When compared to Banco Popular, they offer 10 and 20 year programs; this means cheaper monthly payments with our program.

Our programs for non Cap Cana loans are in the 9-10% range on end loans for purchases.
We do have a pre pay penalty consisting of 5 years, on a 5, 4,3,2,1 basis. So, for example, if the loan is paid off in the 4th year, there is a 2% penalty. (Penalties are a tax deductible item for US tax payers).

We have no requirements for customers to obtain life insurance policies and go through medical examinations like local DR Banks.

The attachments reflect Cap Cana but the general idea applies now throughout the country. I intend to be at in Puerto Plata starting March 25th. I would like to meet with you during that time. Let’s talk soon.

Regards
George Pakenham
Senior Loan Officer
Mortgage IT, a subsidiary of Deutsche Bank.
33 Maiden Lane
New York, N 10023
212 651 4604
Cell 917 972 0060