Hacienda Matapalo Announces Closing of Financing Package

Hacienda Matapalo Announces Closing of Financing Package

Hacienda Matapalo, a master planned gated community located on Costa Rica's South Pacific Coast, recently announced on the closing of its financing package.

Fort Lauderdale, FL (PRWEB) March 24, 2011

Hacienda Matapalo, an environmentally friendly gated community of homes, villas and condos in Costa Rica with world class amenities, has announced that it has closed on its first round of financing which will be utilized for infrastructure and utilities. The company has pre-sales in excess of $65 million and expects to begin single family home site closings within the next 60 to 90 days.

New Jersey based UTA Capital LLC was the lead investor in the transaction. UTA is a specialized fund managed by Udi Toledano. UTA has a broad investment mandate, including the funding of unique properties worldwide.

In connection with the financing transaction, the company entered a strategic partnership with Su Casa Desarrollos de Vivienda S.A., the leading company of the Tu Hogar S.A. Real Estate Group, which literally translates to "Your Home." Su Casa has more than 20 years of experience in building and selling real estate throughout Costa Rica, having built more than 15,000 homes.

“We are pleased to have closed a financing transaction with UTA and other private investors,” said Hacienda Matapalo CEO David Matluck. “We appreciate the confidence Udi Toledano and his associates have shown in our business. We have an experienced and well qualified crew working full time on the infrastructure and we are delighted with the progress they have made in such a relatively short period of time.”

About Hacienda Matapalo

Situated in a Rainforest on a mountain overlooking the Pacific is the 665-acre resort style gated community of Hacienda Matapalo, one of the best selling real estate developments in Costa Rica. One can live close to nature with dramatic views of the Pacific Ocean just 800 meters away.

Residents and their guests will enjoy complete access to all community amenities as abundant activity choices await them. A Private Beach Club, Equestrian Center, Swim-up Pool Bar, Media and Event Rooms, Fitness Center, Tennis Courts, Picnic Cabanas, Relaxing Spa, Resort Clubhouse, Waterfalls, Freeform Infinity Edge Pool, 125 acre Nature Preserve, and Retail Center, are just a few of their personal escape options.

Three of the area's most beautiful beaches are within minutes of Hacienda Matapalo. The property is located on the Pacific Coast Highway (Costenera) "Where the Mountains Meet the Sea," providing easy access to a new airport, hospital and marina.

To learn more about Hacienda Matapalo, visit their Web site at http://www.haciendamatapalo.com






















Hacienda Matapalo Announces Closing of Financing Package