Thursday, June 29, 2006


James Monroe Capital Timeshare Resort Inspection: 'Go'

James Monroe Capital Corporation (Pink Sheets:JMCP) has completed due diligence on a property in Guanacosta, Costa Rica, for a timeshare resort.

The effort in Guanacosta was subject to a property inspection, and after having inspected the property, JMCP execs say the project is a go. The company reports that some other oceanfront timeshare resorts in Guanacosta were sold out. One exec said, "We couldn't get a tour while we were there. This is good news for a company considering building a timeshare resort in the area. We also found that the frenzy of development on the West coast of Costa Rica is largely American, and the new international airport (LIR) already has more and more flights per day coming in to the growing area." The property is in an undisclosed location on the Pacific coastline.

JMCP also brought in independent timeshare experts from the Cayman Islands for an opinion. They said, "It is secluded and breathtaking, with hills, trees, sand, and big ocean views everywhere. This is the type of development that ought to have a helicopter to go with its elegant front gates and its high-end clientele. The fact that other timeshare resorts were sold out really impressed us."

Total costs for the project have not been finalized, but the attorney for the project commented that total costs to build may be in the neighborhood of $40,000,000, plus land. JMCP is presently slated to own 9% of the project, which it has conservatively projected to net the company $5,000,000 over a two year period. Low cost local labor help keep the costs down, and the deal is to be aggressively leveraged. According to collected data about comparable sales of condos in the area, the entire completed development would be worth around $90,000,000 if sold as condos--however, timeshare is preferred, which is more profitable and provides residual income from maintenance fees.

I'd like to comment you on a great blog! The information on richmond virginia real estate is great!
I'd like to invite anyone reading this comment to visit my richmond virginia real estate blog and give my their opinion.
A little surprise for the whole family can be delivered during the vacation to show them they were thought of during the planning. Fmily Adventure Vacation
These spas from our Elite Spa Range through to the premium Saratoga Spas are from well established spa manufacturers who have been producing quality spas for a long time and use only the highest quality components and are all 'Hand Finished'.

The range of Spa's that we stock will suit any individual budget and/or hydrotherapy requirement. The manufacturers that we deal with for our range of Spa's only use the most reliable equipment, such as proprietary jets and fully compliant European CE and TUV approved pumps, heaters & Controllers.

Our range of Spas start from as little as �2995 through to �13000 for our largest luxury spa, so click on the links and explore our range of Spa's and we think you'll agree that our these spas offer great value for money, performance and quality.
[a href=""]Hot tubs | Spas[/a]
easypoolchemicals easypoolchemicals
Great investment opportunity at Costa Rica Pacific Coast, Preconstruction condos in costa rica ,
Condo sales in costa rica, Retirement property in costa rica. Visit us for more info at:
Hello I want to congratulate to you. This site is fantastic, looks like entertained and very good to me it elaborated. I invite them to that they explore a little on my site of the Web
Our real estate listing includes great opportunities on Costa Rica Central Valley’s provinces such as San Jose, our Capital, with remarkable cities as Escazu at the west, or Curridabat at the east, experiencing a great development on both commercial and residential properties, making their real estate pricing highly attractive to investors; on other hand, Alajuela city gathers places with a very special warm weather such as Grecia, La Garita and Atenas, or beautiful farms for agricultural, cattle or nature preservation purposes as those located on San Carlos or Sarapiqui. We also offer land properties in Guanacaste, which is the province, along with Puntarenas, with the most beautiful tropical beaches on the Pacific Coast such as Tamarindo, Playa Grande, El Coco, Playa Hermosa, Nosara, Samara, Herradura, Jaco, Manuel Antonio, Dominical and Golfito, where the real estate business occupies the first place as the local economic activity.
Great investment opportunity at Costa Rica Pacific Coast, Preconstruction condos in costa rica
Condo sales in costa rica, Retirement property in costa rica. Visit us for more info at:
Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?