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Builder Closeouts – Feb 18

Category: Member Offerings

48,560,000.00

Builder Buy-Out Opportunity in Florida at an LTV of 63 (60+3), there are a total of 76 Units available as of this email, if you have real buyers who are willing to move forward, you would have to submit an LOI, POF, & FPA Signed and Notarized by the buyer. DIRECT!!

FLORIDA:

13 condos in Charlotte Harbor

retail…$9,778,700

investor pays…$5,378,285 + 3pts (55% LTV)

501 condos in Tampa retail…$109,000,000

investor pays..$ 59% LTV + 3 pts

other town homes and condos in florida 55-65% LTV…358 units…retail..$97,938,140

it is 65% LTV + 3pts

CALIFORNIA:

62 homes in Apple Valley, Lake Hemet, Hesperia, and Lake Elsinore..for 60% LTV + 3pts..these are in northern CA…the package is worth $22 mil.

62 houses: $13,885,695.00 (investor pays)
(valued @ $22, 040,786.00)

12 houses in san jacinto valued at $3.8 mil. and can be bought for 60% LTV + 3pts.
these are in northern california as well.

12 houses: $2,430,878.00 (investor pays)

(valued @ $3,858,538.00)

the investor would clear 63% LTV. so, he would get the homes @ 60% LTV and pay 3 pts. in commission.

Moreno Valley; Pigeon Pass

investor pays: $4,712,321

valued at: $7,249,740

it is 65% LTV + 3pts

62 houses: $13,885,695.00 (investor pays)

(valued @ $22, 040,786.00)

                         

12 houses: $2,430,878.00 (investor pays)

 (valued @ $3,858,538.00)

the investor would clear 63% LTV. so, he would get the homes

@ 60% LTV and pay 3 pts. in commission.

First Mortgage Notes Available 6 March 08 - Performing and Non Performing

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