How about a check on one of these?
Project #: RA30 Location: Harmony FL Sales Price: $ 7,722,266 "Reduced Pricing" Appraised Value: $14,165,410 Equity: $ 6,443,144 LTV: 54.51% Project Description: 59 Total New Construction Townhomes & Villas in a master plan community. Golf Course, Boating, Clubhouse, Commerce Parks, Dog Wash, Fishing, Interactive Water Feature, Monthly Farmer's Market, on-site schools, tons of park and recreation options, Paths for hiking and jogging, Pet Parks, Picnicking, Playgrounds, Swim Club, and on and on. Do not pass this up.
Project #: RA02 Cap Rate: 9% Project Description Resort and Spa – I have all the info I need for your investors to go into contract. I have it set up to make it nice, easy and smooth. The only thing I will need is a 10% deposit to hold the unit (s) and go into contract. These are ready to close so we should be able to do 30 days closings on them. If you have any questions at all please call me and let me know!!!! I have a condo hotel here in Orlando. This is in the heart of the tourist district and only minutes to the attractions, Orange County Convention Center and the Orlando International Airport. The project is going to have a total of 15 buildings. Right now the first 3 buildings are up and running (actually the 3rd should be running by the end of the month). The developer has a total of 27 units left in these 3 buildings and asked if we have any investors looking to purchase in bulk if the deal is good enough. The offering is as follows: 27 units – current selling price $13,312,000.00 I just got word from the developer that if someone wants all 27 units I should be able to get a purchase price at $10,323,000 ($2,550,000 discount 77.55% LTV).
-AND-
The developer is going to pay you $67,500/month ($2,500/unit/month) for 2 years (total $1,620,000) The developer will pay your HOA dues on all 27 units for 2 years The developer will pay your utilities on all 27 units for 2 years
-OR- (your choice)
The developer is going to pay you $1,134,000 upfront ($3,500/mo/unit for 12 months) The developer will pay your HOA dues on all 27 units for 1 year The developer will pay your utilities on all 27 units for 1 year These suites range from 2bd / 2 ba 1080 sqft, 3 bd / 2 ba 1253 sqft, and 3 bd / 3 ba 1434 sqft. They are all fully furnished and ready to go. We can close on them as soon as you are ready. I have attached some photos for you as well. The taxes are est. to be between 1.5% to 1.8% of the purchase price. The 27 remaining units have not been funded at this time. They have not been deeded yet (still new construction yet to sell). There will be no underlying leans on the units available. The income will be based upon the 1 or 2 year lease back option that the investor chooses. After the lease back option ends then the unit will enter into the management company rental program. The management company takes 100% care of the unit, advertising, daily operations, accounting, sales and marketing, reservations, housekeeping and maintenance. The owner receives 66 2/3% of the actual gross rental income, which is defined by your total unit rental income less a pro-rate share of travel agent fees and credit card commissions. The management company will retain the remaining 33 1/3% which is used to pay the above listed expenses. Income = room rental amount (-) credit card and travel agent fees (x) days rented (Lake Buena Vista area is currently running approximately 71.4% hotel occupancy) (/) 66 2/3%. The 1 or 2 year lease back on these 27 units will be guaranteed by a contract with the developer. I also wanted to let you know that the $10,000 towards closing cost incentive is supposed to be only with their preferred lender however I did explain that a lot of the investors like to use their own funding means for certain reasons and we "should" be able to get that $10,000/unit transfered even if the investor uses their own lender. Sky Management is here forever as long as they keep delivering on revenue and service. Completion is dependent on how sales go. Of course there is no income for building three yet, but for building one & two it was a little over $1,700,000.00 the first 11 months. We have already passed that in income for 2007 with actual paid and future bookings. Probably double by years end.
Project #: EG53 Location: North FL Sales Price: $2,800,000.00 Project Description: North Florida gas stations for sale. 6 for the price of one. Currently vacant. Release of detailed financial information on this project upon POF and signed non-disclosure
Project #: RA26 Updated 5/17/07 Location: Kissimmee Florida Disney area Project Description: New Construction Vacation Homes and Townhomes, 30-45 day closings Resort style amenities 37 single family homes - 33 Townhomes = 70 Properties Homes - 4 bedroom 3 bath – 6 bedroom 5 bath Screened Pool Enclosure Some of the homes are set up with hot tubs as well Townhomes – 3 bedroom 3 bath – 4 bedroom 3 bath Properties are zoned for short term rental, long term rental or primary residential 72.56% LTV 10% required down payment Prices as follows: Single family homes – Current Price $15,130,488 – Your Price - $12,051,432 ($3,079,056 discount) average home price $325,714 Townhomes – Current Price $9,433,402 – Your Price - $7,469,782 ($1,963,620 discount) average townhome price $226,357 Total Project – Current Price $24,563,890 – Your Price - $19,521,214 ($5,042,676 discount) HOA - $237.35/mo/home - includes lawn maintenance and pool cleaning $278.05/mo/townhome Management company onsite can work with the investors management company. If the investor needs their own we can get that set up upon request. NDNC Required to release power point presentation.
Project #: RA29 Location: Kissimmee Florida Disney area Project Description: 228 New Construction Condominiums in a resort vacation community 66% LTV 56 units are ready to close now Remaining units will close intermittently over the course of the next 3 months Total project completion by July 31, 2007 Units Consist of 2 bedroom / 2 bath – 1,195 square feet (106 inventory) 3 bedroom / 2 bath – 1,404 square feet (95 inventory) 4 bedroom / 2 bath – 1,560 square feet (27 inventory) Total Project Pricing: Appraised total project value - $70,875,940 Your cost - $46,740,000 (Savings of $24,135,940) Appraised value based upon actual appraisals from recent closed units (with in last 30-45 days) NDNC Required to release power point presentation.
I have Contracts Nation Wide with 35%+ Equity or More!!
Finance available Res & Commercial
Big and small
Christopher M Klopp
7509-8 shell flower
Lansing MI. 48917
theklopper@comcast.net
Ph : 517-862-6053
Fx : 515-581-0664
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