David Daniel Kabbaz Chiver linked to Netherlands Antilles company that owned this luxury seaside condominium outside San Diego

Aerial photo of 1750 Avenida del Mundo in Coronado, California (Imagery available from the U.S. Geological Survey).

David Daniel Kabbaz and Victoria Zaga de Daniel, husband and wife, purchased Unit 1104 at 1750 Avenida del Mundo in Coronado, California in 1980 subject to a preexisting loan which was fully released in July, 1996. The deed did not disclose the full price paid.

Signatures of David Daniel Kabbaz and Victoria Zaga de Daniel on the 1982 deed

On April 14, 1981, David Daniel Kabbaz and Victoria Zaga de Daniel borrowed $200,000 against the condo. ChedrauiLeaks has been unable to find any other records pertaining to the loan in San Diego County land records.

On October 8, 1982, David Daniel Kabbaz and Victoria Zaga de Daniel granted title to the condo to Festival Financial N.V., a Netherlands Antilles corporation. The deed did not disclose the full price paid: the documentary transfer tax was “computed on full value less value of liens and encumbrances remaining at time of sale.” David Daniel Kabbaz was president of Festival Financial N.V. as of November 25, 1981, when he signed a declaration in connection with a separate unit at 1750 Avenida del Mundo.

Signature of David Daniel Kabbaz Chiver on the 1996 Deed

On April 23, 1996, Festival Financial N.V. appointed David Daniel Kabbaz Chiver to take any action in connection with the company’s real estate for a period of one year.

On May 20, 1996, David Daniel Kabbaz Chiver signed a deed on behalf of Festival Financial N.V. to sell the condo for $650,000 (based on the documentary transfer tax paid).

David Daniel Kabbaz, who is also known as David Daniel Kabbaz Chiver, is one of the founders of Grupo Danhos. He also serves as the Chairman of the Technical Committee for Fibra Danhos.

Jose Antonio Chedraui Obeso serves as an independent director on the Technical Committee for Fibra Danhos and on the audit, nominations, and practices committees.

Elvira Daniel Kabbaz Zaga is David’s daughter. Elvira was confirmed on March 31, 2017 as David’s alternate as chairman of the Technical Committee for Fibra Danhos.

Documents:

ChedrauiLeaks.org has noticed that the media in Mexico contains very little information about the business dealings and personal assets in the United States of what could be termed Mexican elites, wealthy business people and politicians. ChedrauiLeaks is not stating that members of the Chedraui family or its businesses had any involvement with Festival Financial N.V. or this condo unit.

Leave a Comment