Steps To Villa Ownership

Step 1 Choose Development and Lot


Complete reservation agreement and submit with deposit.

Step 2 Choose Villa Model and Budget for Options — First 15 days


Determine option allowances for Furniture, Landscaping, upgrading the pool etc.

Step 3 Determine Ownership Entity and Sources of Funding — First 30 days


Ownership Entity (Panamanian IBC, individual, or partnership)

Funding the 30% down payment (using cash, selling property, applying for Home Equity line, IRA roll-over)

Step 4 Transfer Documents and Execute Documents — Within 60 days


a. Promise to Purchase agreement
b. Option Budget Worksheet
c. Covenants and Rules
d. Villa Specifications
e. Option Price estimated ranges

Step 5 Funding the Down Payment — Wire funds within 60 days

Step 6 Finalize Options Online and Execute Option Addendum — Within 150 days


a. Option worksheet updated
b. Home shopping wizard online updated & password given
c. HOA articles and by laws provided
d. Resort Management docs provided

Step 7 Construction of the Villa


View progress on Your Own “Red Frog Beach” Web page to see Construction Schedule and Villa Picture Gallery

Read Monthly newsletter and forwarded articles on Panama

Step 8 Financial Consultation


Prepare for villa ownership and apply for a mortgage.
Determine participation level in rental management program.
Overview of doing business in Panama including Bank dealings.
Discuss Resort Management program details if desired.

Step 9 Close on your new Villa — A Wonderful Day



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All the words, graphics, and numbers herein are for purposes of illustration only. Developer is describing its current intentions and not promising that every one of the properties or amenities listed will be built. This is not intended to be an offering or solicitation of sale of units in any jurisdiction where the units are not registered in accordance with applicable law or where such an offering or solicitation would otherwise be prohibited by law. Project currently under construction with estimated completion in 2015.