
For Sale · Placencia, Stann Creek
New UNIQUE Listing – Executive Summary Copal Developers Club
≈ USD 159,000Original BZD 318,000
About this property
Structure based on 50 equal Shareholders of a Holding Company (Copal Holdings Ltd.) -Buy in price for the share position is $159,000 USD. -Copal Holdings Ltd. (CHL) will have the first mortgage on the title to the following units: 1) The Penthouse Unit in the existing Copal 5 story building. 2) The east facing 3 bedroom unit on the 3rd floor of the existing Copal building. 3) The west facing 3 bedroom unit on the 3rd floor of the existing Copal building. 4) The west facing 3 bedroom unit on the 3rd floor of the existing Copal building. -The aggregate value of the aforementioned mortgages is $8,100,000 USD 1) Penthouse will have a $4.5M mortgage. 2) Each of the 3 -3 bedroom units will have a $1.2M mortgage. ($3.6M total) -As Shareholders of CHL, each Member of the Copal Developers Club will be the benefactor of all of the following: 1) 1/50th share of the rental income generated by the 4 participating units, listed above. (Subject to offsets based in item #2 below) 2) The option to use the inventory themselves. (Up to 3 weeks per year in a 3 bedroom villa, and one week per year in the Penthouse unit) 3) Appreciation of the base value of the real estate. -Shareholders will have a 3 year “Recap option” whereby they can have the company resell their share position on their behalf to pull out their original capital. (CHL will retain any amount over $159,000 that the Shares are sold for, unless the Shareholder sourced their own buyer) -Financing available, and to be discussed upon request.
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