Georgia Hotel 11.37% Cap

Check outthis TREMENDOUS Hotel Deal!!! Another Fee simple ( via Deed-in-Lieu ) hotel ready for you to purchase NOW!!! We have yet again succeeded in negotiating another HUGE DISCOUNT on the acquisition of the note and have worked out a deal with the seller for the Deed. A clear path to title to YOU!!! This is a 68 Room Interior Corridor built in the last 13 years. Currently Flagged.  Current value of $4.2M we are selling this at $3.5M which translates into over an 11% cap! (393k NOI) EBITDA (4) 495k (Valdosta, Ga)
Our Management team is ready, willing and able to run this hotel for you - call to discuss.
 

Click here for Financials (This WILL SELL QUICK!) 

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Florida Hotel
 

Click Here and you'll find anotherTremendous Value Added  Florida Hotel we can get to you IMMEDIATELY!!!  We have the seller in our pocket on this property and just received the note purchase approval today after months of working on this opportunity.  I am giving you first bids on it.

This is a just approved note sale and we can obtain a Deed In Lieu on it immediately so DO NOT HESITATE on this one.  We expect the offer should be close to 2.5M to get this beautiful hotel and property.  A minimum bid of 2.2M would be an 8+ cap. This great hotel has a HUGE upside and we have laid the path to clear title for you. You will Purchase a NOTE but with the coordinated DIL in hand making this an asset sale! 
   

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Florida Hotel

Just in and freshly assigned with a receiver. We have the inside track and this 79 room interior corridor (Choice Flag) hotel is located near Tampa. CALL to inquire on this fresh hotel. 

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Florida Bulk REO offering 

 
These are unlisted. These are HAIRY DEALS. Low balance properties. Good for rentals. This is for the value added buyer.  These require work. If this is not in your wheel house save us both time and do not ask me a million questions. Average home is 600-1000 square feet. Requires buyers to perform their own DD. We warrant nothing, should a house is demolished/torn down it will be considered a kick out and buyer is not required to purchase vacant land.
We want to sell in bulk however will consider selling counties. 

 
Click here to see the county list 

 

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Attention Investors:
If you are seeking an alternative investment strategy and would like to learn how we deliver consistant 10% ROI in secured investmenst click here
 

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WE ARE SEEKING PERFORMING CLASS A MF NOTES 

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Non Performing Notes:

FRACTURED CONDO- 51 units Class “C” apartment complex housed within five bldg in 1.25 acre site
The appraiser utilized 2 different valuation approaches; a)  Sales comparison approach indicated an as is value of $1,580,000 and b)  the income capitalization approach indicated an as is value of $1,450,000 (appraiser utilized 20% vacancy and collection loss which yielded an EGI of $504,816 less $388,700 in expenses for an NOI of $116,116....cap rate utilized was 8%).  Appraiser then reconciled both of these
valuations to a final value of $1,550,000 which includes approximately $20,000 in FF&E.
 
SMALL APARTMENT COMPLEX- Hialeah
The subject property is a 9 unit apartment building built in 1970 on a 6,750 square foot site.  The building is 3 stories; the 1st floor contains three 1 bedroom/1 bath units.  The second and third floors contain six 1 bedroom/1 bath townhouse units with a den; the den is typically used as a second bedroom.  The property was reportedly 100% occupied as of the appraisal date.
Note Status:
The loan is currently matured as of 02.01.2012 and has been approved for 12 month modification with monthly principal and interest payments of $4,824.64 based on a 20 year amortization.  The paperwork is currently out with the borrower for signature for this modification.  The maturity date of this modification is 03.30.2013. Balance of Note: 675k
 
Clearwater, FL : There are 10 non-owner occupied residential properties held as collateral on this loan.  The borrower leases the properties.
Note Status: The loan matured on 10.22.2011.  We have committed and are in the process of modifying the loan for a period of 12 months with monthly payments of principal and interest of $5,327.59 based on a 25 year amortization at the current note rate of 6.50%.
Note Balance is 850k
  

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