LT696 - Jackson Beach and Golf Resort Samana, Dominican Republic

The Project:

The 2.1 million m2 (520 acres) will be distributed in the following manner: approximately 420,000 m2 (100 acres) will be dedicated to infrastructure; 600,000 ,2 (150 Acres) to the 18 hole Golf Course; 240,000 m2 (60 Acres) to Condominiums; 800,000 m2 (200 Acres) to Villas, Townhomes and Estate Lots; 40,000 m2 (10 acres) to commercial retail space. The conservatively projected project yield will be: 900 Bungalow Style Villas with Ocean/golf views averaging unit prices of 600,000.00 US$; 100 premium 2,000 m2 (½ Acre) Estate Lots and 50 4,000 m2 (1 Acre) premium ocean/golf view Estate Lots ranging in prices from 750.00 US$– 1.5 million US$ or 300.00 US$ per m2 (30.00 US$ per sqft). Approximately 3,200 Condominium/Hotel suites will be scattered about in 4 story/26 unit buildings (mixed configuration), ranging in prices from 199.00 US$ for a 100 m2 (1,000 sqft) 1 bedroom suite to 1.5 million US$ for a 300 m2 (3,000 sqft) 3-4 bedroom Penthouse Suite, -depending on final size, views and proximity to the Beach. Although the land is entitled to more than projected, it is important to retain a low density impact consistent with the ecotourism quality expected in Samana. Living and recreation areas will find landscaped privacy and quiet relaxation amongst a tropical back drop accentuated with waterfalls, rain forest nature trails, rivers and tropical gardens. The Signature Hotel will enjoy exploiting both the Ocean and the land environment in a cross section of guests at both ends of the affordable spectrum. Also the number and variety in the unit quality mix will offer variety in daily, weekly and even monthly rates for extended stays.

In a preconstruction promotion, Phase 1 and 2 are expected to sell out rapidly to investors who hope to catch the first price release and earn high appreciation as the project advances. Additional investor grade buyer sales incentives will include deep discounts in exchange for an immediate preconstruction advance closing. Only minimal initial infrastructure, models and grading of golf course will begin simultaneously to the initial international sales effort. The project will be propelled on pre-construction sales providing a 30% deposit at contract and released for construction; commissions and marketing budgets for the next phase roll out. Each phase will be treated as an individual project and allow for suitable financial options to execute the completion based on each sales success. Early Bird Buyers will have the opportunity to resell contracts through the Developer if a market is willing to pay more for being nearer to completion. Prices are expected to rise as the project advances and ultimately set record sales due to the lack of comparable competitive development in the immediate area. Buyer financing is available from a local bank for up to 80% mortgage at the rate of 9% for 10 years and Stuart Title handles all escrow disbursements and title insurance.

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