Bulk CA SFR's Coming
I am currently working with a hedge fund that is on the fence in terms of taking down CA SFR's for resale (generally they buy and hold). What they are doing at this time is conducting a sort of market research...asking for generic LOI's (with just the potential buyer's first initial on the doc, no full names, no contact info) to see the demand for the product in terms of (a) where in California (b) how much, (c) what price, and (d) over what period of time.
I have about 12 of these generic LOI's compiled already and will be turning them in at close of business this evening (10-8-10). If you are a potential buyer, or have potential buyers, and want to express an interest in this product (without committing or running the risk of having a full LOI shopped), please feel free to send a very generic LOI to me. I will send it in with the others tonight.
Thank you.