Around 2000, U.S. Citizens purchased condominium units in the tourist development called Condominio Princesa de Peñasco in Puerto Peñasco, Mexico, known as “Rocky Point” in English.  The transaction was documented by a Promissory Sales Agreement and a Note in which the purchase price was paid partly in cash and the remainder is evidenced by a Note payable in monthly installments, principal and interest.  In March of 2002, EDA purchased 35 of these Promissory Notes.  Some still misunderstand that this transaction involved EDA buying land and condominiums, but EDA only purchased the financial instruments.