Exquisite's St. Lucia vision backed by $75m in construction funds.

Pascal Mahvi, founder of Exquisite Caribbean Resorts, an international real estate and resort development firm, and CFMB Holdings Inc announce the execution of a commitment letter, formalizing CFMB's intention to provide construction financing totaling $75 million for the development of The Jalousie Enclave, a premier residential resort community located in Jalousie Bay's World Heritage Site in St. Lucia.

Financing for the project was arranged-by Shane A. Swetel, owner of Las Vegas-based consulting firm Selective Development, LLC.

Mr. Mahvi, developer of the world-renowned Jalousie Plantation Resort & Spa, will develop an exclusive residential resort community on Jalousie Bay, in the heart of the Val des Pitons.

The Jalousie Enclave will be the only full-time residential development on Jalousie Bay and will be the first "green" resort to be built in a designated World Heritage Site.

"It has been a pleasure to work with CMFB President Jason Orloff and I look forward to a long and prosperous relationship with him. CFMB's commitment to finance this project is further confirmation of the value of this stunning St. Lucian property and the expected growth of the Caribbean real estate market," said Mahvi. "The Jalousie Enclave offers its buyers an extraordinary and unprecedented opportunity to own a home in a World Heritage Site."

"Mr. Mahvi's vision for The Jalousie Enclave and for the island of St. Lucia is truly inspiring," said Swetel. "Mr. Mahvi has accomplished the impossible with his previous project, The Jalousie Plantation Resort and will do so again with The Jalousie Enclave.

The Jalousie Enclave residential resort is located in one of the most meticulously preserved natural environments in the world. The proposed limited collection of 22 two or three-bedroom villas and 51 estates is situated within a World Heritage Site designated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in 2004. The 196-acre property is nestled in the Val des Pitons, on the edge of a pristine rainforest, overlooking the stunning turquoise waters of the Caribbean Sea. Coral reefs cover almost 60 percent of the UNESCO site's coastline. A protected marine park in the waters of The Jalousie Enclave's beach offers some of the Caribbean's most amazing snorkeling and diving.

All structures at The Jalousie Enclave will be built to the United States Green Building Council's highest Leadership in Energy and Environmental Design (LEED) standards ensuring the preservation of the area's protected natural resources. Each elegant residence can be customized according to individual preferences and requirements. Homes will showcase a high degree of craftsmanship and feature local materials.

Properties will be sold freehold and owners have the option to rent or re-sell with no restrictions. Every investor in the residential community is provided deeded access to the beach at The Tides at Sugar Beach (formerly known as The Jalousie Plantation Resort & Spa). Property management provides turnkey maintenance and staffing of trained butlers, maids and cooks for each estate. Office services, banking and legal advice are also offered and an on-site representative will be available to oversee the lease.