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I am currently only sourcing developments with non status, developer mortgages or easy to get finance (like in the USA).
Dont care about 7 or 8% rate if return is 12% or 15% and capital gain prospects are good.
This one seems too much of a risk for me at the moment as no detailed financing information is available yet.
But will be interested to see contracts regarding financing (although I imagine they will be an exact copy of RWI's efforts)

NSX

Your Maths is about equal to your command of the English language.....................limited and very muddled up.

1. Where in Cap Cana can you now purchase a 3 bed detached villa for $475K ?....................you cannot. They are 200m2 not 200mm. If you are going to make such statements at least try and get your units right even if your facts are not!! You look so silly!!
2. My understanding is that those clients wishing to transfer from Cap Cana to Punta Perla will enjoy the same or better property at the original price that they agreed to pay on Cap Cana. Nobody is locked in here, it is a free market economy, if you don't want in then take your money and run...............simple.
3. Let's also be clear about the mortgage. By true definition, there is no such thing as a status free mortgage anywhere in the world. If you declare that you are a drugs/arms dealer/terrorist on your application, you will not get a mortgage! The mortgage that will be offered for purchasers on PP will be based upon the value of the property, not the earnings of the buyer.
4. The new sight looks good. It comes with financial guarantees. If you are not happy with them, go elsewhere.
5. There are a few protagonists on this site who seem hell bent on talking my investment down, whose facts are incorrect and misleading.

NSX I would suggest is a competitor of some kind. Yellowbird I cannot make out. He seems to have his busybody beak in everywhere.

Andros Isle Development Corp. Reaches Joint Venture Agreement on the $350MM Las Arenas Blancas Beach Resort Project Near Punta Cana in the Dominican Republic
LAS VEGAS, NV -- (MARKET WIRE) -- 07/05/2005 -- Andros Isle Development Corporation (OTC: AVPJ) is pleased to announce that the company reached a tentative joint venture agreement with Inversiones Turia, S.A. that would give Andros a significant equity stake in the planned $350MM Las Arenas Blancas Beach resort project. The terms of the agreement would also make Andros the lead manager for development of the project. The complete details of the joint venture will be released once the final agreement has been signed. The acquisition an equity stake in Las Arenas Blancas further implements Andros Isle Development's objective of developing world-class, luxury resorts throughout the Caribbean.

The Las Arenas Blancas Resort community will be developed on a 394-acre tract of beachfront property located near Punta Cana in the Province of La Altagracia. The Las Arenas Resort complex will include a luxury five star hotel and spa with a 1,500-square-meter casino, 14 luxury ocean view villas, a golf club with a 27-hole championship golf course, and a full-service marina with 44 slips for up to 80-foot yachts. In addition to the luxury resort, the Las Arenas Blancas development will also include a residential community with a country club and 200 houses with views to the golf course and the beaches.

About Andros Isle Development Corp.

Andros Isle Development Corporation (OTC: AVPJ) is a publicly traded real estate development company that specializes in the acquisition and development of luxury resorts in the Caribbean Basin, and in converting luxury hotels into Condo Hotels, a concept that has gained popularity in many international vacation resorts.

The company's principal objective is sustainable, long-term growth in earnings through the development and re-sale of luxury resort properties.

'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.





--------------------------------------------------------------------------------


For further information please contact:
Damien Grider
Investor Relations
(888) 478-4346


SOURCE: Andros Isle Development Corp.

White Knight - when you talk of incorrect and misleading facts, do you mean the kind that are similar to the "fact" you posted about 2 Jack Nicklaus
courses being complete in 2.5 years? (When there is no contract with Jack Nicklaus as yet.) And when you accuse people of having an agenda, do
you mean one like someone who comes on to a financial DISCUSSION forum and asks people to stop discussing "his" investment unless they
are going to say something nice about it? Talk about hypocritical! Get out your pot and kettle and paint them black.

I think CCUK identified that there is a HUGE market for property in the range of £325k-$600k with guaranteed rental returns of 15% and so at PP have designed the development around this market.

Oh no, I've just found out that there will be 5103 properties not 3103 in 'another worldwide destination' Punto Perla!

Also, can someone tell me how anyone can signature the golf courses when the master plan is now complete???

White Night, sorry about my English. That is my 10th language, but look like you understood what I meant. My valuation on Punta Perla compared
to Cap Cana based on quality of those two projects sounds reasonable. I am always looking at project from investment view point rather than sales
perspective. If purchaser pay the same price, he should expect similar level of quality as Cap Cana. Otherwise, it is not going to be a good investment.
I still think that there must be some kind of compensation to fill the gap between quality of the two developments. It is simply mistake to feel good about
higher brochure price than the price you are offered.

Oh, I forgot to tell you that I am teaching Math at one of the top University in London for 15 years.

White Night, how successful has your sales pitch talk to your clients been ?

As one of serious investors, we need to analyze the project and get better deals from sales agent and developer.

anybody know whereabouts the proposed water and animal park fits into the master plan