Dear Investors and Buyers Rep,
Completely recently renovated with a 2010 appraisal before renovation
was completed at 18M+. So it should be a bit more now.
We are selling the note for 13.4M firm, 10% deposit into escrow with balance
paid at closing within 3 days.
Florida Hotel property has 106 Rooms, on the Ocean, with a Marina and was voted BEST
in Florida last year.
Currently bringing in 760K+ NET annually.
Buyer could realize 6M first year.
Property is secured by a cross-collateralized personal guarantee of over
100M in property.
