Standard risk + disclosure language.

Not an offer to sell securities

The information on this site is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security in any jurisdiction. Real estate investment opportunities described here are not securities under the laws of Panama or Paraguay. They may be classified as securities under the laws of other jurisdictions; investors are responsible for determining the legal classification of any investment in their own jurisdiction before participating.

Nothing on this site should be construed as financial, investment, legal, or tax advice. My Second Option S.A. ("MSO") is a developer-operator of real estate projects, not a registered investment advisor, broker-dealer, or fund manager.

ROI estimates and forward-looking statements

All ROI figures, target exit prices, projected revenues, and timelines are estimates based on projected pricing, current market conditions, and the operator's intended development execution. They are not contractual guarantees.

Forward-looking statements include but are not limited to: phase-transition dates, target sale prices, anticipated lot or unit pricing increases, target exit valuations, projected rental yields, anticipated property value appreciation, and any percentage ROI band. Actual results may differ materially from these estimates due to factors including but not limited to development delays, market liquidity, regulatory change, currency movement, construction cost variance, sales velocity, and macroeconomic conditions.

Past performance of any prior MSO project does not guarantee future results in any current or future opportunity.

Real estate investment risks

Real estate investment carries risks including but not limited to:

• Development delays — permitting, infrastructure, construction timelines may extend beyond projections.

• Market liquidity — resale of physical real estate (lots, units, completed builds) is generally less liquid than public-market instruments and may take months or years to execute at target pricing.

• Currency risk — investments are USD-denominated to mitigate currency exposure for the operator and for non-USD-functional-currency investors. Local-currency conversion costs and fluctuations remain the investor's responsibility.

• Regulatory and jurisdictional risk — Panama and Paraguay regulatory environments differ from EU/US jurisdictions and are subject to change. Title-registration processes, tax treatment, and capital movement rules may evolve.

• Operator concentration — MSO is a small, founder-operated company. Key-person risk applies. The operator's continued involvement is not contractually guaranteed beyond what is specified in any project-specific agreement.

• Force majeure — natural disasters, political events, public-health emergencies, and other uncontrollable factors may affect any or all projects.

Capital protection variants

Each project specifies one of three capital-protection structures:

• Land-backed — investor capital is secured by underlying titled land within the project. Downside floor is the underlying land value, not zero. Used by Tropical Village, Tropical Village 4th Mountain, Altos de María, Tropical Highlands.

• Unit-ownership — investor capital purchases direct ownership of physical floors or units within a built structure. Used by La Cresta.

• Co-financing with allocation — investor capital is contributed against a defined parcel allocation within a multi-investor project structure, secured by registered land. Used by Lava Resort Cermeño.

Each structure has different liquidity, exit, and risk characteristics. The capital-protection structure for each project is stated explicitly on its detail page.

Cross-border investment considerations

Investors based outside Panama and Paraguay are responsible for understanding and complying with their home-jurisdiction tax-reporting, anti-money-laundering, foreign-asset-disclosure, and capital-control rules. MSO does not provide tax or compliance advice for any jurisdiction.

Repatriation of investment proceeds is subject to the rules of the originating and destination jurisdictions at the time of transfer. Bank-transfer fees, currency-conversion fees, and applicable withholding taxes are the investor's responsibility unless explicitly addressed in a project-specific agreement.

KYC and anti-money-laundering

MSO conducts know-your-customer (KYC) due diligence on every investor before any binding investment commitment is finalized. This may include identity verification, source-of-funds documentation, and politically-exposed-person screening. Investors who decline to provide reasonable KYC documentation cannot proceed.

All capital flows are conducted through regulated banking channels. MSO does not accept cryptocurrency as primary investment payment without prior structured agreement and compliance review.

No fiduciary duty implied by site content

Reading this site, contacting the operators via WhatsApp or email, downloading an investor PDF, or requesting a meeting does not create a fiduciary, advisory, or agency relationship between you and MSO. A binding relationship arises only from a signed project-specific subscription, partnership, or purchase agreement.

Independent advice required

MSO strongly encourages every prospective investor to consult independent financial, legal, and tax advisors qualified in their home jurisdiction before committing capital to any opportunity described on this site or in associated materials.

Updates to this document

MSO may update this document from time to time. Material changes will be reflected by an updated "Last Updated" date. Continued use of the site or participation in any opportunity after a material update constitutes acceptance of the updated language to the extent permitted by applicable law.