RiverRockTexas.com

FAQ

1. When will construction begin and be completed?
Construction will begin in early 2007, or as soon after the sale event as possible. The first closings and occupancies are estimated to be late 2007 to early 2008.

2. How much are the HOA dues for the RiverRock residences?
They will range from approximately $175 - $275 per month for the first year depending on the size of the residence. An estimated HOA budget is being prepared by Professional Association Management Company and will be available for your review.

3. What do the HOA dues cover?
The dues will cover the exterior maintenance of the residences, casualty and liability insurance, landscaping irrigation and maintenance, trash pickup, HOA management fees, and maintenance fees to the Lodge for common area amenities.

4. What amenities and services do the HOA fees to the Lodge cover?
Homeownership in the residences will allow you access to the pools, the fitness facilities, the locker rooms, and the public areas of the Lodge. The restaurant, spa, and meeting facilities will be available to you at additional costs, possibly at a discount from the public rates. Additionally, Lodge services such as room service, maid service, and turn down service may be available for your convenience.

5. How many parking spaces are available per residence?
Detached Residences: 2 car garage plus 2 cars in the driveway. Additional overflow at street. Attached Residences: 2 reserved spaces per unit - covered. Ample additional guest parking.

6. Can I lease my home?
Yes. You may lease your own home on a long term basis, and you may rent your home, or just the “casita”, on a short term vacation rental basis through the Lodge.

7. Why short term rentals just through the Lodge?
For the protection of your investment, and the reputation of the entire vacation rental program, cohesive and consistent quality of services is a must. Only one management company can provide effective rental and event marketing and the most professional service.

8. Is the lodge going to rent their unit before renting my house?
The various rentals offered are very different. Guests will choose their accommodations based on style, size, amenities, and price. Some will opt for a home, others a detached casita, and still others an attached condo, attached casita, or a lodge room. Remember, supply and demand will determine occupancy and rental rates. If a specific unit is not requested by a guest, all similar units will be rented on a rotation basis so everyone in the rental program will share rentals as evenly as possible.

9. Do you have rental rate projections?
Yes. PKF Consulting, the nations largest and most respected hospitality consultants (see www.pkfc.com), has performed a full market analysis of this resort and continues as consultants and advisors of the developer. Reports are available upon request.

10. Where can I get financing?
You may consult the mortgage lender of your choice. RiverRock preferred lenders will be present at the Sale Event.

11. Will the design and specifications of all of the units be finalized prior to the pre-sales event?
No. However, all purchase agreements will provide that purchasers will have 30 days to review detailed construction drawings, detailed specifications, and the condominium documentation. If they are not satisfied, they may cancel their purchase agreement and receive a full refund of the deposit and earnest money.

12. Who is responsible for the courtyards?
The owner of a residence with a courtyard will have exclusive use of that area, however, it will be maintained and insured by the association.

13. What is the capacity of the conference center?
The conference center will accommodate various size functions up to 150 persons for a sit down dining function, and up to 200 persons for a stand up function. This does not include outdoor areas or the restaurant. If the need arises for more space, an area will be available on which a large event tent may be erected.

14. Who is the developer of RiverRock?
Since 1982, their companies have been “hands on” developers and investors in a variety of residential and commercial properties in five Texas counties as well as the Vail/Beaver Creek Valley in Colorado. Projects include single family and multi-family construction, retail, office, and office/warehouse construction, and residential and commercial land development. Additionally, one partner has extensive experience in the hospitality/restaurant industry.

15. Are there any restrictions on immediate contract assignment or resale of homes?
No. Investors are welcomed.

16. Will I earn interest on my 10% deposit?
No. The deposit will be held in a non-interest bearing account and will be applied to your purchase price at closing. These deposits are the security for the developer to begin construction and to assure that you will be there to close when the construction is complete.

17. How will the 10% deposit be paid?
5% will be due at the sale event, and the additional 5% will be due 2 weeks prior to commencement of construction.