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Jan 09 Bulk Packages – SOLD

Category: Member Offerings

BULK REO PACKAGES

Plus fees unless otherwise stated.:

Nationwide - 114 homes

BPO 7,033,915

Price 1,323,997 includes fees

LTV 37%

Florida 17 homes

BPO $878,739

price $368,497 includes fees

LTV 42%

Nationwide – 387 properties
BPO: $20,600,000
Price: $7,210,000
34% LTV
Bulk REO. LOI/soft POF required

Arizona – 91 properties
BPO: $$32,515,475
Price: $18,533,820
57% LTV
LOI/soft POF required

New York – 93 properties
BPO: $20,698,654
Price: $12,005,219
58% LTV
LOI/soft POF required

New York – 10 properties
BPO: Call for details.
Price: $1,866,285
55% LTV
LOI/soft POF required

Midwest  29 properties
Price: $162,595
$5,606.72 per property including fees
LOI required
Plus fees unless otherwise stated.

DEVELOPER BLOWOUTS:

Florida – 30 properties
BPO: $18,201,000
Price: $7,039,200
38% LTV
Developer Blowout. Brand new construction in Port Charlotte, North Port, Land O Lakes, Orlando, Alva, Lehigh Acres. LOI/soft POF required

South Florida – 80+ condos
BPO: $27,300,000
Price: $12,180,000
44% LTV
Great project perfectly situated between Palm Beach, Ft. Lauderdale, and Miami – five minutes to the beach. New construction with 80+ units remaining for immediate bulk-sale. Buy-out currently priced at $12.5M, approx $145K a door; (retailed at $29+M w/ overall average selling price of $325K) with closings still taking place in 2008 4th quarter. 95% of remaining units rented with average rent rate of $1,100 – $1,400 per month (rent rolls available).

Houston, TX – 42 lofts
BPO: $8,200,000 Price: $4,800,000
58% LTV
Located in downtown Houston. New condo Kirby lofts have stunning city vista views, lots of light, open floor plan, high end custom kitchens, and hardwood floors.
Ft. Myers – 105 condos
BPO: $42,685,900 Price: $20,062,373
47% LTV
80 bank owned properties (not rented) in one building. 1940 Sq ft to 2058 Sq ft per unit.
25 developer owned properties with $700K in additional upgrades in another building. Many with oceanfront views.

Buzz

New York Hamptons Package Jan SOLD

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