Brookfield Homes Hawaii Offering Below-Market Rates For New Kauai Townhomes

June 22, 2010 - PRLog -- PRINCEVILLE, KAUAI:  Brookfield Homes Hawaii announced that they are now offering below-market financing rates through a preferred lender on the 2 remaining, built condominium townhomes at their Nihilani community in the world-renowned Princeville Resort.  

These new developer units at Nihilani are single level, second story residences with 2 Master Suites, 1 guest bedroom, 3 bathrooms, 2 lanais and nearly 2,000 square feet of living area.  The condominium townhomes at Nihilani offer open floor plans which are ideal for family gatherings and entertaining. The Nihilani Recreation Center includes a pool & spa, BBQ grills, and gathering area.  Unit #2C is being offered at $549,000 and Unit #7C is being offered at $539,000.    

For many homebuyers affordability is a combination of both low mortgage rates and low monthly payments.  Qualifying buyers are being offered the opportunity to own a home in the Nihilani community at special below-market financing rates through CalCon Mutual Mortgage Corporation.  
At the purchase price of $539,000 and loan amount of $404,250 (with 5/1 interest only ARM at 3.625%, 3.581 APR) qualifying buyers may own a new Nihilani condominium townhome in the Princeville Resort for just over $1,200/month* plus $652 HOA/Maintenance fees.

Despite slow sales in the second-home, resort market in Hawaii, Brookfield Homes Hawaii has been successful in placing homebuyers in their resort homes in 2010 and have already sold and closed 8 units in their Princeville community this year.

For homeowners who plan to occupy their units on a seasonal basis, Brookfield Homes Hawaii offers rental and property maintenance services at Nihilani in collaboration with Island Paradise Properties.  These services allow absentee homeowners to enjoy peace of mind with on-site maintenance support of their residences and management of all of their property rental needs.

Interested parties may obtain more detailed information about the 2 remaining developer listings by calling: (808) 356-2032 or emailing: info@brookfieldhawaii.com. The Nihilani sales office is located at: 4919 Pepelani Loop #2C in the Princeville Resort and is open Monday – Friday from 10am to 5pm (Hawaii Standard Time).  
Surrounded by the world-class resort environment of Princeville on the Garden Isle of Kauai, Nihilani features thoughtfully crafted plantation-style town homes on a magnificent bluff between the mountains and the sea. Nihilani owners also enjoy their own private recreation center with pool and gathering area, and beautifully landscaped gardens as well as access to Princeville’s resort amenities, which include spa, restaurants, shopping and two championship golf courses.
The homes at Nihilani are distinguished by Bahama shutters, spacious lanais, custom plantation-style railings and windows, two-car garages with premium raised panel garage doors and electronic garage door openers, and lush tropical landscaping.

Architectural interior touches include six panel interior doors and recessed lighted fixtures throughout the home. All bedrooms have wall-to-wall carpeting and the master bedroom suites include a walk-in closet. Cultured marble countertops and Kohler fixtures and fittings highlight the baths. The master bath also includes a spacious walk-in shower and tub, ceramic tile floors, and separate water closet room.

Nihilani kitchens feature granite counter tops and backsplashes; GE Profile appliances including glass cook-top range, microwave and dishwasher; Kohler Executive Chef sink and pullout spray faucet; and Shaker-style alder kitchen cabinetry with brush chrome knobs.
Brookfield Homes Hawaii, Inc. builds resort residential communities on the Islands of Hawaii.  Brookfield is currently building three communities; KaMilo at Mauna Lani (Island of Hawaii), Nihilani at Princeville (Island of Kauai) and PiliMai at Poipu (Island of Kauai).  For more information about Brookfield Homes Hawaii call: (888) 665-6667 or visit: www.brookfieldhawaii.com.

*Based on Interest Rates from 05/13/2010.  Loan is subject to change without notice.  Payments and APR may increase significantly.  Example based on 25% down payment or $134,750.00 and a 740 credit score.  30 yr term, 60 month fixed rate period, 10 yr interest only.  CalCon Mutual Mortgage Corporation, 1888 Kalakaua Avenue, Suite C312, Honolulu, HI 96815. Licensed by the State of Hawaii Department of Commerce & Consumer Affairs, Professional and Vocational Licensing MB-1471.

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Brookfield Homes Hawaii offers resort communities in the Islands of Hawaii, adjacent to gorgeous beaches, championship golf courses, fine dining, and exclusive recreation areas. Our homes are designed to inspire the essence of island living.