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Performing Note : 195 Fractured Condo Units at Grand Reserve, Orlando, FL – Member Post – PENIDNG
Category: Member Offerings
Below details cash flow issues to be considered for any prospective buyer:
This is a PERFORMING NOTE sale, for a Class “A” complex and location with 195 1, 2, 3, and 4 bedroom condos located in Metro West, FL. These unit have been taken back by the bank. Any prospective buyer must show proof of funds capable of securing the note in the amount of $15M minimum.
Currently, the units are rented at a 94% occupancy, at a 6.5%-7% net annual cash flow, without accounting for any discount. For prospective purchasers, a 10% net profit upon the sale of each unit with an average rent per month of approximately $1,200 at current pricing. Average monthly expenses of $383 per unit including taxes and maintenance; net annual average cash flow per unit projected at $9,800. Based upon the above assumptions, the total net cash flow for the 195 units is projected at $1,911,000. If the net cash flow produces a 6.5% distribution, the total retail sales would generate about $29,400,000.
Bruce
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Las Vegas Condo Project – Member Post -PENDING
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- Gary Martin, Allied Investments
- Mr. Ronald Bayer - First
Financial Investing 
-
Mr. David Byrns - President - REF4 Funds.
- Debra Tillman 
M. Cameron - Charlotte NC
