Generic Joint Venture Opportunity format: LO = Land owner - SIV = Single Investment Vehicle - DC = Development company MoU = The first stage for moving a project forward would call for the formation of a MoU between the Land Owner (LO) & Development Company (DC). An overview of the core of the MoU would be as follows:- 1. LO owns the freehold title of a plot of land that ideally has zoning for a leisure & residential project. 2. DC & LO will form a joint venture (JV) company by way of a Single Investment Vehicle (SIV) to develop the project once DC has sourced the funds required to start developing the project. When a equity or debt lender has made a commitment to fund and the SIV has accepted the offer, LO will be required to sign the freehold title of the land over to the SIV that will be used to secure the said funding. The SIV will be controlled by a board of Directors, generally 2 seats from the LO and 2 seats from DC. 3. DC will obtain enough equity/ debt funding to develop the project on behalf of the SIV and will control all finances relating to the project. 4. Ownership of the SIV will be on a 50/50 basis between LO & DC. 5. SIV will appoint DC’s sister company as conceptual designers & project and development managers for the project at commercial rates which must be approved by the board of the SIV. It must be noted at this stage that none of the investors will invest in any real estate project without the full involvement of DC’s sister company. 6. DC’s sister company will oversee all tender bids and will award contracts to contractors and consultants with full approval from the board of the SIV. 7. On completion of construction and all property sales, SIV will agree on a dividend and will split the dividend on a 50/ 50 basis. 8. LO & DC will then oversee any ongoing operation of the project and will continue to split dividends on a 50/50 basis. So to summarize, the JV opportunity outlined means that the LO can finally realize the value of the land and be a 50% owner in an internationally recognized project, they can take 50% of all profits for NO work (and no involvement if they so choose), they can rely on a company with a 30 year track record to develop the entire project, they own 50% of an ongoing business that will be operating the hotel and associated leisure elements and they can rely on the international real estate network of the DC’s to pre-sell the residential and any hotel strata that we collectively decide to market. Once the MoU has been signed, the DC would complete an executive summary and business plan to secure the required investment. They aim to find enough investment to get through the initial stages of the development and to bridge the gap between pre sales and the overall development cost. They would then develop the property in stages based on pre – sales and the rest of the development would easily self fund. I hope the above information is helpful to you, This is just one way we like to work if it does not suit for any reason our client is open to other JV structures, if you have any questions please don’t hesitate to ask. For immediate contact: J Robert Shannon or Gustavo Odio at 1888 581 1786  or 506 293 2446 or @mail