Before Year-End, You Can Boost Your Buying Power At Alberhill Ranch

While FHA loans are still at their most advantageous terms only through the end of this year, and with new lower prices available in all five neighborhoods of amenity-rich residences, home shoppers will realize that now is the best time to buy at Alberhill Ranch. Buyers must act without delay and choose their new residence by December 31, 2008, to take advantage of the current higher loan limits and lower down payments now offered on FHA loans to qualified borrowers. On New Year’s Day limits will decrease and down payments increase, which means time is literally running out to make one of the wisest decisions of your life. Visit today because there will never be a better time to choose your stylish and spacious new home in master planned Alberhill Ranch.

Set in the rolling hills of Lake Elsinore amid dramatic views and clear skies, Alberhill Ranch offers residents a wealth of outstanding private recreation facilities to encourage a rewarding, family-friendly lifestyle for all ages. A number of financial incentives may also make it easier than you expect to enjoy this great new way of living, including a flexible bonus you get to spend your way and an unprecedented $7,500 tax credit for qualifying buyers. Combined with an extraordinary selection of 17 floorplans, this is the opportunity that today’s buyers have been waiting for.

“I want every home shopper to know that now is the optimum time to boost your buying power at Alberhill Ranch,” said Tom Tomlinson, Senior Vice President of Alberhill Ranch. “They can actually own more for less money by acting before these major changes on FHA loans take effect. For information on FHA loans, or to take advantage of our buyer bonus, the tax credit for qualified borrowers, our new lower prices, or for the great variety of new homes and fulfilling lifestyle, I urge anyone in the market to come to Alberhill Ranch and learn more. You absolutely owe it to yourself to visit Alberhill Ranch before the year is out and explore these exciting opportunities.”

For complete details on FHA loan terms and qualifications, the tax credit program, and the buyer bonus, home shoppers should consult with an Alberhill Ranch sales associate. Certain restrictions apply and not everyone will qualify.

Home buyers should also investigate other unique opportunities now available at Alberhill Ranch, including a limited number of upgraded homes available for immediate move-in. Depending on choice, they include such enhancements as granite kitchen countertops, upgraded cabinetry, and backyard landscaping. In addition, the Saltillo neighborhood has now released its four stunning designer model homes for sale.

Presented by Castle & Cooke, a renowned homebuilder and nationwide developer of master-planned communities, Alberhill Ranch is also selling at its other four neighborhoods of Capri, Saltillo, Capella and Sommerset. Prices start from the high $200,000s.

Capri offers three 2-story designs ranging from approximately 2,428 to 2,670 square feet with 3 to 4 bedrooms, 2.5 baths and 3-car tandem garages.

Saltillo features both single-level and 2-story residences that range from approximately 2,010 to 3,120 square feet and offer 3 to 5 bedrooms, 2 to 4 baths and 3-car garages.

The expansive 2-story homes at Capella encompass approximately 2,531 to 3,838 square feet and include 3 to 5 bedrooms, 2.5 to 4 baths and 3- and 4-car garages.

Sommerset features single-level and 2-story homes ranging from approximately 1,715 to 2,147 square feet with 3 to 4 bedrooms, 2.5 baths and 2- to 3-car tandem garages.

Residents at Alberhill Ranch also enjoy a truly magnificent variety of high-quality, private recreational amenities including abundant open spaces such as charming Picnic Park, ideal for an impromptu afternoon outing, and expansive Alberhill Community Park for soccer and other field sports. In addition, the Alberhill Ranch Swim Club is complete with a Jr. Olympic pool, water play park, wading pool, barbecues and cabanas, while the Alberhill Ranch Clubhouse is the heart of a busy, welcoming social scene. It’s a great environment for family living, further enriched by a facility of the Boys and Girls Club of Southwest County and a planned new elementary school.

Homebuyers at Alberhill Ranch are taking advantage of the many loan options available through Castle & Cooke Mortgage, a convenient service that helps simplify the home buying process, speed up loan approval, and most importantly, save buyers money on mortgage payments. As demand continues to grow, inquirers may visit the website for photos of Alberhill Ranch, additional regional information, and to register online for our immediate sales process information at www.alberhillranch.com.

Castle & Cooke has long been in the business of building homes and high-end residential communities, golf courses, country clubs, retail shopping centers, office and industrial parks, and spectacular vacation resorts.

Founded in Hawaii in 1851, Castle & Cooke’s decades of experience, combined with the ability to transform raw land into unique places where people and families want to live has proven to be a very successful business strategy.

Castle & Cooke’s goal is to provide quality and lasting value for every customer. Our approach is accomplished through a team of experienced development professionals and executive leadership focused on the details. We believe that executing this vision of creating homes with warmth and style will enhance the lives of our customers.

Today, the company’s long list of accomplishments includes master-planned residential communities in California, Arizona, Florida and Hawaii, including developments on the luxurious Island of Lana’i, and the exclusive Lake Sherwood in Southern California.

Encompassing more than 500 acres, Alberhill Ranch premiered in early 2004, reflecting the highest ideals of Castle & Cooke in the Temescal Valley’s City of Lake Elsinore. As it unfolded, the community created a milestone for residential quality, with the land that forms its foundation continuing to offer resources that have enhanced the region for decades.

The community’s vision has expanded by approximately 2,500 acres, establishing an enduring landmark for new home choice, value, quality and diversity. Over the coming years, Alberhill will be home to Alberhill Ranch, Alberhill Ridge and Alberhill Estates, offering people of all ages and life stages the privileges and assurance of a superb quality of life.

Guided by proven stewardship and enhanced by the resources that stand as the hallmark of Alberhill, this handsome new master-planned community will continue to unfold. From classic homes and carefree condominium living to view-oriented, gated estate homes, Alberhill will clearly demonstrate Castle & Cooke’s commitment to quality and value for its customers, both now and in the future. Alberhill Ranch is a master-planned community being developed by Castle & Cooke, LLC. A Homeowner’s Association, financially supported by all residents, will maintain common area landscaping, private parks and other common facilities. All future facilities and development plans are subject to change.

To visit Alberhill Ranch, travel the 15 Freeway to Lake Elsinore, exit Lake Street, and follow the signs to view Alberhill’s spectacular model homes. The Sales Offices and models are open daily from 10 a.m. to 5 p.m.

To qualify for Broker Co-Op, client’s agent/broker must accompany his/her client’s first visit to the Sales Office; conditions do apply.

Pricing and product availability are subject to change; contact a Sales Representative today for details.

For more information on Alberhill Ranch, please call 951-579-4497 or visit www.castlecooke.net.

FOR IMMEDIATE RELEASE: December 1, 2008
CONTACT: Kym Parsons/Hayes Martin Associates, Inc.
Kymp@hayesmartin.com - 949-417-1799

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