fractional.htm

The latest trend for active travelers is that property investors and holiday home owners are moving away from solely owning one single leisure property to owning fractional shares in one or more properties, for many reasons… With fractional ownership, unlike time share, you have a share in a property that you have free and clear title to. Fractional ownership entitles you to choose from use of your time in the Condo for vacation, renting it out for cash flow or the ability to sell without restriction should you wish to dispose of your ownership. Appreciation of your asset can offer you vacation time in Grand Cayman, while retaining or growing your initial investment for the future. Lighthouse Point is a unique fractional ownership on the Caribbean Sea in Grand Cayman with Divetech’s Dive shop on site and access to one of Caymans premier awesome shore diving and snorkeling sites just steps off from your front door.

Fractional ownership is available at Lighthouse Point. The Condo offers spectacular breathtaking views of Grand Caymans west facing shoreline and sunsets. Fractional Condos external maintenance and administration will fall under the Lighthouse Point Strata Bylaws.

Fractional owners will have an additional subset of rules and monthly fees for the Fractional Condo owners as well, all created for your quiet enjoyment and convenience. Included in the annual Fractional fees are items that would normally fall under homeowner maintenance, but in the case of the Fractional ownership, will be included to allow owners to move in any enjoy their vacation time without the worries of ownership and maintenance. Your annual Fractional fees will pay for:

Fractional fees to cover the above expenses are estimated at $1620. per year. Fractional fees will be reviewed and agreed to on a year to year basis by the owners of the Fractional Condo.

Fractional ownership will be secured and managed through the very secure method of share ownership in the registered Cayman Company "Lighthouse Point Condo# x" (“the Fractional Company”). This offers a protected and secure method of ownership. As a shareholder in the Fractional Company, owners should inquire with their tax advisor regarding deductions of the monthly expenses.

The Fractional Company will be administrated by Lighthouse Point Development Ltd. (Jay and Nancy Easterbrook) to look after the month to month management of the Condo, including maintaining a set of books, having needed repairs completed, replacing furniture and household items when needed, perform accounting functions, maid service on turn over, maintain a list of rental periods available, administration of the annual filings to keep the Fractional Company in good standing and perform inspections to keep the Condo in good working order and ready for occupancy. These are some of the services provided in your Fractional annual fees.

In addition to all of the standard features that the ‘Living Lightly on the Planet’ condos are equipped with, the Fractional Condo prices include the following so that your vacation property will be ready for enjoyment:

There will be a total of 9 shares sold with up to 8 owners of 6 weeks each (48 weeks) and 1 owner of 4 weeks. Multiple blocks of time can be purchased by a single owner, with each block of 6 weeks having 1 share attached to it. The registered holder of the 4 week block will be Lighthouse Point Development Ltd. (Jay and Nancy Easterbrook). These 4 weeks will be used for maintenance of the Fractional Condo as needed, and when not needed, will be put in the short term rental pool with the net revenue contributed back to the Fractional Company to defer operating expenses to the Fractional Company. Owners not using their total 6 week blocks can also place any unused weeks in rental if they so desire, to the individual owners own financial benefit.

** Prices following are general estimates only. Prices may vary depending on the actual Condo selected. **

Weeks	Sell Price US$
Jan 1 - Feb 12	115,000
Feb 13 - Mar 26	99,000
Mar 27 - May 7	95,000
May 8 - June 18	95,000
June 19 - July 30	95,000
July 31 - Sept 10	95,000
Oct 9 - Nov 19	85,000
Nov 20 - Dec 31	120,000
Sept 11 - Oct 8	LHP Dev. Co.

We have created a number of attractive purchase options for your new Fractional home in Cayman, to allow the greatest flexibility to individuals. Depending on your needs, our financing options will allow you to choose what suits you best. To inquire about mortgages options upon occupancy in Cayman, send us an email and we'll be happy to put you in touch with a Financial Institution that can assist you.

I. Purchaser finances 100% of the fractional time block in advance and will receive a credit/price reduction for interest charges during construction against the purchase price of approximately 3% of the purchase price.

II. Purchaser finances the condo by way of payments of 30%, 30%, 30% and a final 10% on occupancy and pays the purchase price listed. Each payment will be due when you are supplied with a Third Party valuation of work completed to date.

III. Developer finances the condo with a 30% deposit from the Purchaser, with the purchaser paying the purchase price plus interest of approximately 3% of the purchase price less the deposit, upon occupancy.

If you have any further questions or clarifications, feel free to contact us at any time. We look forward to speaking with you soon!