Another week here in Central Fla means there is another ten or more great deals
that Developers Capital Realty has to offer. No kidding, deals are now coming to us in bundles of properties..Some are almost buy one get one free.
The housing crisis has put so much pressure on the builders, the lenders, and everyone in between. Banks are very reluctant to making the decision that is becoming inevitable. Strip Centers, Office buildings, and even medical complexes are feeling the ripple effect as the lenders have no choice but to start calling notes.
Many of these projects are very close to completion, are in lease out stages, with more time needed to survive this hopefully temporary downturn. Anyone who has ever been involved in new construction knows that a project that is coming out of the ground now had to be started years ago, and has gone thru possibly millions in fees, engineering studies and an unbelievable amount of red tape.
Developers Capital Realty, LLC is in contact daily with many of these troubled developers in an effort to find funding for many of these projects. These are not projects that will be found listed on websites like Loopnet, and most people do not even know they are avialable for aquisition. Relatively small amounts of money are required to buy these projects on a JV basis now, the deals are actually unbelievable...
Please, this is not a call for Realtors to list these deals. This is a call for people who represent cash investors to purchase equity positions in projects and property without having to wait years for development. Large cash investors and their broker representatives will be of course protected.
In the arena of existing properties, the opportunities are nearly endless. Developers Capital Realty has submitted over 80 million in contract offers in the last 90 days on commercial deals that average 60 cents or less on the dollar. Most banks can't help now, we are using private investors and hedge funds to bid these super deals.
I have never been busier in my life. I can only say that this will be a time that people will look back on and wish they had not missed the boat. Again, all brokers and individuals are protected, lets go buy deals..
Contact Mike Norvell Sr at Developers Capital Realty, LLC If you represent large cash investers, we can do business right now.... Next.....How many apt buildings would you like????