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Frequently Asked Questions
Your Questions Answered
Infrastructure, Permitting, and Zoning:
What is the zoning for the area, and are there any restrictions or future zoning changes that could impact the investment?
The zoning is classified as High Density, Residential, and Resort Hospitality. No future zoning changes are anticipated that would affect the investment.
Have all necessary permits for the development been obtained? Are there any outstanding regulatory or legal issues?
Yes, the project has pre-existing permissions, and construction has already begun. There are no outstanding regulatory or legal issues.
What is the projected timeline for the development of the infrastructure and the entire community?
The infrastructure is projected to be completed by Q2 2025. Bungalows are expected to be built within 6 months, while condominiums and detached homes will take around 12 months.
Developer:
Who is the developer, and what is their experience with similar projects?
A combination of US, Canadian and local Bahamian financial powerhouse institutions and private family wealth investment offices in the US.
What guarantees or warranties are provided on the new builds? What materials will be used for the condos?
A 1-year warranty is provided on new builds, and the condos will be constructed to the same specifications as the existing Category 5 rated buildings.
What infrastructure (roads, utilities, water, etc.) is already in place, and what remains to be completed?
Roads, water, and electricity are already in place but will be upgraded as part of the project.
What is the timeline for the amenities?
The restaurant, casino, pickleball courts, spa, and fitness center are expected to be completed within 18 months.
Financing:
What in-house financing options are available for investors?
In-house financing details are available through Peter “PJ” Jensen, our finance contact. Schedule a call on the calendar to discuss.
Without credit checks for buyers, how does the development ensure financial stability?
As is common with foreign real estate sales to U.S. buyers, the loan is collateralized by the real estate itself. In the event of default, the property is reclaimed and returned to the sales inventory to minimize financial risks.
