Contact me if you need a package. The following packages are just some of what I'm currently looking for buyers on.
Hello....
The packages that are listed below are the current packages that I'm working on. (All packages do require a LOI, POF and MFA before viewing any more information on these packages). No exceptions. Sorry…
If you can help close some of the outstanding inventory, then I'll keep sending you more. Please keep in mind that these have to close soon. Please send in a LOI/POF, once you get an interested party.
*** Packages that I'm currently working on:
- A Southern California Builder Closeout @ 61% with a purchase price about $38M. There are 155 Homes Available
- AZ Package:
Please see the info below.... Also Note Pricing and Unit QTY has Changed, This is now for 91 Total Units as the property continues to market to Retail Buyers...
Please Note, If this is of interest, a Full Packet is available (Pictures, Floorplans, Stats, and Site Map)
107 Luxury Condos
Inviting you to call this remarkable retreat home.
Please note these are being sold at current market prices on daily basis.
333 units have been sold at current market value or higher.
80% Rented with Managment in Place.
26....1Bd/1Ba...100% Rented*
67....2Bd/2Ba... 72% Rented*
14....3Bd/2Ba... 93% Rented*
**Through 10/01/08
107 Units:
Current Market Value: $ 26,421,300
Bulk Sale Offering: $ 14,981,150
Being Offered at 43% off Current Market Value
Please Note: This transaction must close escrow by 12/25/2008.
HOA: $ 117
RET: $108, $137, $164 ( 1Bd, 2Bd, 3Bd. )
MGMT: $ 150
1. Designed with luxury in mind, the very best in condominium living.
2. Just minutes away from nature reserves, cosmopolitan life and a thriving community.
where deep blue lakes and breathtaking mountain scapes surround and inspire life.
the striking beauty of this desert oasis will stir the senses and ignite the imagination.
•Distinctive Layouts from 1, 2 & 3-Bedroom
•Elegantly Appointed Clubhouse with Entertaining Facilities
•Two State-of-the-Art Fitness Centers
•Movie Theater & Business Center
•Granite & Stainless Steel as Available Upgrades
•Two Pools & Three Spas
•Large fireplace on select units
and
This opportunity is for CASH buyers only.
No offers with pricing below what is listed will be considered.
Total units in the Complex...26
Total units available in this offering...18
Current Appraised Value Per Unit (based on current sales) $118,000.00...BPO for 18 units = $2,124,000
Quick Cash sale offer: $1,060,000
This is a terrific income generator, however the Seller has other commitments so in order to expedite a quick CASH SALE, he has dropped the price to the present level .
8.9% CAP.
Immediate Cash Flow
-Close to midtown Phoenix and the new Light Rail station
-Strong rental market in this area
-New cabinets, appliances, flooring, fixtures, counters, etc. - units are virtually new!
-2 and 3 bedrooms,
Income
2Bd rent
15*690=10350
10350
3Bd rent
2*900=1800
1800
HOA sold units
9*155=1395
1395
Laundry
500
500
Other
200
200
14245
Expences
water,swere,trash
1500
electric
500
landscaping
290
pool
100
5% vacany
607.5
Property tax
14500/12=
1208.33
Insurance
5200
433.33
Material
Everything is brand new in units
500
salary
1500
6639.16
Annual Income
170940
Annual expences
77670
Net Income
91270
sold price
bedrs
sq ftg
900
3 bd
1225
690
2bd
840
under contract
120k
2bd
840
sold
120k
2bd
840
sold
120k
2bd
840
vacant
2bd
840
690
2bd
840
960
3bd
1225
sold
125k
2bd
840
690
2bd
840
760
2bd
840
760
2bd
840
sold
117k
2bd
840
sold
105k
2bd
840
vacant
2bd
840
740
2bd
840
sold
117k
2bd
840
690
2bd
840
sold
140k
2bd
840
vacant
2bd
840
vacant
2bd
840
740
2bd
840
vacant
2bd
840
vacant
2bd
840
690
2bd
840
sold
135k
2bd
840
And
They are both empty and both of them are office buildings that are structured for offices cubes. The buyer would have to come real close to those numbers, in order for the offer to be accepted.
- Colorado - 2 Commercial Properties
Building #1: (Asking About $4.8M)
- (1) 2-story building and (1) 1 -story building consisting of approximately 27,896 ST combined
- Newer building construction
- Easy access from I25 and Lincoln
- Underground parking with 2-story building
- Excellent functionality, flexiblity
- Ideal corporate headquarters
- 4:1,000 SF parking ratio
Building #2: (Asking About $1M)
- (2) 2-story buildings consisting of approximately 40,000 SF combined
- New building construction
- Standalone facilities
- Surrounding hotel and restaurant amenities
- Abundant natural light
- Excellent functionality, flexibility
- Ideal corporate headquarters
- 4:1,000 SF parking ratio
and
Spreadsheet is attached *** smaller spreadsheet ***
We can get it at $4.8MM even. Let me know if you have some one interested and I'll give you the seller's name and forward loi and ncnd form.
LOI is maded out to: George Wright
BPO: 19,350,000
Purchase Price: $6,800,000 (35+3)
Product Type: SFR (387 Homes)
The inventory may be reduced by realtor sales prior to purchase. The Seller anticipates a potential reduction by 20 to 30 homes over the next couple of weeks.
And
Smaller Packages:
New York - 27 properties
(Westchester, Long Island, Queens, Bronx, Upstate)
BPO: $7,707,248
Price: $4,329,932 (56% LTV) includes fees
St. Petersburg - 56 properties
Tampa - 19 properties
Jacksonville - 5 properties
Pinellas/Clearwater - 8 properties
BPO: $13,590,149
Price: $6,659,149 (49% LTV) + fees
Built in 2001, units are currently vacant but management is on site that can help with the rental process. Rents range from $15-1600 for the 3bdr and $12-1300 for 2bdr units. HOA fees are $735/qtr which includes building insurance and access to all amenities.
9 - 3bdr/2bth units
6 - 2bdr/2bth units
Naples - 15 condos
BPO: $5,160,000
Price: $2,388,000 (55% LTV) + fees
Built in 2001, units are currently vacant but management is on site that can help with the rental process. Rents range from $15-1600 for the 3bdr and $12-1300 for 2bdr units. HOA fees are $735/qtr which includes building insurance and access to all amenities.
9 - 3bdr/2bth units
6 - 2bdr/2bth units
370 homes throughout the state of florida
bpo 56,153,845. ( range of values are from 900k down to 20k per home )
price 34,615,845
61% ltv
27 homes in florida
bpo 2,017,970
Price 598k ( reduced 152k )
29% ltv
105 homes nationwide
bpo 6,647,170
price 1,324,000 ( reduced 426k )
100 homes nationwide
bpo 6,482,000
price 697k ( reduced 100k )
And
· Recreation area with bar and kitchen
· Billiard and Media room
· Well-equipped exercise facility
· Gentlemen and Ladies' change rooms
· Spa
· Elongated Heated Pool - 35' x 60'
· Designer patio with matching lounge furniture
· Two private tennis courts atop the North Tower covered garages
· Tennis gallery
· Visitor Parking
Property type:
High End Oceanfront Condominiums
Number of units:
144 Total Units, 102 Units Available
Number of units Rented/Leased:
Construction just completed, current PM is looking at 60-90 days to occupy at 95% with $1200 monthly rent.
Appraised value:
$91,459,000
Buy at XX% -
55% LTV plus 3
Approx buy price:
$50,302,450
City, State:
Davey Beach, FL
Year Built:
2007
Last Appraisal:
Bulk Appraisal done 07/08
And
Each units will have a 44% incentive paid as cash at closing.
Tenants occupying units at $844 per month. This is paid directly to the owner monthly.
Lender has approved and is actively closing 80% LTV. See attached (labeled CB 12/19/2008).xls)
And
REO Tapes:
40% of 22M Nationwide REO
REO TAPES
FORECLOSURE
Other
$ 22,000,000
$ 8,800,000
Nationwide Non-Performing Note Package for Sale!
REO TAPES
FORECLOSURE
Other
$ 4,451,026
$ 1,999,000
Performing Note Tape Nationwide
PERFORMING NOTE
PERFORMING NOTE
Various
$ 31,477,698
$ 15,750,018
Las Vegas, NV Luxury Home Tape
LUXURY ESTATE
ACTIVE
Nevada
$ 18,200,000
$ 12,850,000
FLORIDA RESIDENTIAL TAPE
MULTI-FAMILY
ACTIVE
FLORIDA
$ 1,435,000
$ 1,091,800
FIVE HOME REO TAPE RESIDENTIAL L7
REO TAPES
BANK OWNED
Various
$ 2,119,000
$ 1,635,000
And
Mortgage Notes:
Discounted Diamond City Note in Foreclosure - Own The Whole City!! High Return and JV Opportunity!
NON PERFORMING NOTE
FORECLOSURE
Arkansas
$ 14,920,000
$ 3,025,000
Nationwide Non-Performing Note Package for Sale!
REO TAPES
FORECLOSURE
Other
$ 4,451,026
$ 1,999,000
Performing Note Tape Nationwide
PERFORMING NOTE
PERFORMING NOTE
Various
$ 31,477,698
$ 15,750,018
Gilman NPN
NON PERFORMING NOTE
NON PERFORMING NOTE
ILLINOIS
$ 7,080,000
$ 4,100,000
Spanish View Towers NPN
CONDOS
NOTE IN BANKRUPTCY
Nevada
$ 40,000,000
$ 25,000,000
Malibu NPN
RESIDENTIAL HOME
NOTE IN BANKRUPTCY
California
$ 17,000,000
$ 11,000,000
Los Angeles Panarama City, Discounted Note for Quick Sale 16 Condo Townhomes
CONDOS
PERFORMING NOTE
California
$ 4,300,000
$ 2,925,000
