This is the May 26th, 2009 summary of available packages for sale. All Sold packages are noted and will be removed next week.
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
Real Estate Owned by the Bank (REO)
Make an offer in the form or a “Letter of Intent” and a Non-circumvention and Non-Disclosure agreement (we provide the LOI template for you), also be prepared to provide Soft Proof of funds to the bank. (see attached preferred LOI format)
Make an offer regardless of the sales price or asking price!
PERFORMING NOTES
Performing Note packages are available for purchase by submitting a "Letter of Interest" which must include at a minimum the name of the buyer and their attorneys that will handle proof of fund.
The Buyer and the Buyers representative must sign and return a NCND to Continental Funding Company.
A Note Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
For more information: Call our partner Continental Funding Company 775-853-5626
PACKAGE # 5-4d – AVAILABLE – 5/26/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e AVAILABLE – 5/26/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – AVAILABLE – 5/26/09
29 SFR and Multi-family in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-4i – AVAILABLE – 5/26/09
REO SFR Package
51 SFR all in Florida
Asking 10.2 million
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4j – AVAILABLE – 5/26/09
REO unfinished Condos Package with 10K commercial leased 20+ years
70+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4k – AVAILABLE – 5/26/09
REO SFR
28 SFR in GA, NC, VA,WV, MD,
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4L – AVAILABLE – 5/26/09
REO SFR
103 SFR in AZ, CA
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4m – AVAILABLE – 5/26/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
Owner estimate $1.4 million
Make offer Plus 3 % in fees
PACKAGE # 5-4n – AVAILABLE – 5/26/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
PACKAGE # 5-4n1 – AVAILABLE – 5/26/09
REO SFR
22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o – AVAILABLE – 5/26/09
REO SFR
22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o1 - AVAILABLE – 5/26/09
REO SFR
7 SFR in Los Angeles, CA
BPO to $982,205
Asking Price: $879,278
Make offer Plus 3 % in fees
PACKAGE # 5-4p – AVAILABLE – 5/26/09
REO SFR
10 SFR in Los Angeles, CA
BPO to $3.273 million
Asking Price: $1,816,499
Make offer Plus 3 % in fees
PACKAGE # 5-4r – AVAILABLE – 5/26/09
REO
97 Florida SFR
BPO to be determined in Escrow
Seller will accept 60 cents of current BPO
Make offer Plus 3 % in fees
PACKAGE # 5-4s - AVAILABLE – 5/26/09
REO 93 SFR - AL (5), CA (1), CO (1), FL (2), GA (3), IA (2), IL(34), IN (3), KS (3), KY (4)MA (1), ME(1),MI(6),MN(3), MO (4), NY (1)
Asking price with fees is $896,000.00
Private Investor Sales
Make offer fees included
PACKAGE # 5-5 – STATUS –AVAILABLE 5/26/09
Non Performing Note Package Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686 - LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – –AVAILABLE 5/26/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 - Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-10 – STATUS –AVAILABLE 5/26/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-26 – STATUS –AVAILABLE 5/26/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700 FICO
Remaining Balance $107,000
Make offer
PACKAGE # 5-27 – STATUS –AVAILABLE 5/26/09
Performing Notes for sale Washington DC - 83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
$7.8M Owners valuation - Property is 100% occupied
Bank is willing to take 20% off, we are direct to bank
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)
PACKAGE # 5-28 – STATUS – AVAILABLE 5/26/09
REO SFR LAND package
233 SFR Lots located in various states FL, NC,SC,
Owner BPO =$6.1.million
Make offer Plus 3 % in fees
PACKAGE # 5-29 – STATUS – AVAILABLE 5/26/09
REO Commercial LAND package
18 Lots located in various states FL, NC,SC,
4 commercial, 3 office buildings, 3 Convenience stores
Owner BPO =$71.3.million
Make offer Plus 3 % in fees
PACKAGE # 5-30 – STATUS – AVAILABLE 5/26/09
REO SFR Los Angeles, CA
99 Single Family homes
BPO = 20,788,073
Price = 11,433,440
3.0% fees included in the Price
zip codes:90001,90002,90003,90026, 90037, 90011,90016 90018,90022,90032,90042,90044,90047,90059,90060,90061,90063,90065
PACKAGE # 5-31 – STATUS – AVAILABLE 5/26/09
REO SFR Orange County, CA
73 Single Family homes 3+ bedroom, 2+ Baths
BPO = 26,354,574
Prices = 15,285,652
zip codes: 92831,92832,92833,92835,92675, and 8 SFR total in 91723,91724,91722,91724
PACKAGE # 5-32 – STATUS – AVAILABLE 5/26/09
REO COMMERCIAL Orlando, FL
5K Sq.ft., 1+ AC Historic 2 Story
BPO = $4.9 million
Asking = $3.3 Million
PACKAGE # 5-33 – STATUS – AVAILABLE 5/26/09
REO COMMERCIAL SpartanBerg, SC
30K Sq,ft. Hotel
BPO = $20 million
Asking = 18.00 Million
PACKAGE # 5-34 – STATUS – AVAILABLE 5/26/09
REO COMMERCIAL Columbia, SC
7+K Sq.ft. Restaurant
BPO = $1.7 million
Asking = $1.15 Million
Fees included
PACKAGE # 5-35 – STATUS – AVAILABLE 5/26/09
REO COMMERCIAL Tampa, FL
16K Sq.ft., Office Building
BPO = $1.0 million
Asking = $690K
Fees included
PACKAGE # 5-37 – STATUS – available 5/26/09
REO COMMERCIAL , NC
2,8K Sq.FT. Convenience store
BPO= $525K
Asking = $ 357K
Fees included
PACKAGE # 5-38 – STATUS – available 5/26/09
REO COMMERCIAL, GA, 4.3K Sq.ft. commercial building
BPO= $370K
Asking = $ 251K
Fees Included
PACKAGE # 5-39 – STATUS – available 5/26/09
REO COMMERCIAL, SC, 2.3K Sq.ft. convenience store
BPO= $350K
Asking = $ 231K
Fees Included
PACKAGE # 5-40 – STATUS – available 5/26/09
REO COMMERCIAL , NC, .8 AC. Convenience store
BPO= $370K
Asking = $ 251K
Fees Included
PACKAGE # 5-41 – STATUS – available 5/26/09
REO COMMERCIAL , FL, 4.3K Sq.ft. Office building
BPO = $380K
Asking $258K
Fees Included
PACKAGE # 5-42 – STATUS – available 5/26/09
REO COMMERCIAL , NC, 2.8K Sq.ft. Building
BPO= $274K
Asking $191K
Fees Included
PACKAGE # 5-43 – STATUS – available 5/26/09
REO COMMERCIAL , SC, 5K Sq,Ft. Restaurant
BPO = 350K
Asking = $228K
Fees Included
PACKAGE # 5-44 – STATUS – available 5/25/09
REO COMMERCIAL , NC, 1.2K Sq. Ft. Office
BPO = $220K
Asking =$149K
Fees Included
Tuesday, May 26, 2009
Wednesday, May 20, 2009
REO workouts and Cashflow models
Local and Regional Partners
We are activity looking for local partners to assist our REO Buyers with developing market specific plans to implement exit strategies for specific markets. If you think your firm could act in the capacity please call me direct at 775-853-5626.
Paul
We are activity looking for local partners to assist our REO Buyers with developing market specific plans to implement exit strategies for specific markets. If you think your firm could act in the capacity please call me direct at 775-853-5626.
Paul
Monday, May 18, 2009
REO BULK list May 18th
This is the May 18th, 2009 summary of available packages for sale.
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
PERFORMING NOTES
Performing Note packages are available for purchase by making an offer. Any line item can be purchased separately.
To get more information about any Note package please submit a “Letter of Interest” made out to Remcor’s Partner “Continental Funding”. The two available Note Types represented in the following section are Performing Convenience Stores, and hotel/motel loans.
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
PACKAGE # 5-4 – STATUS – 5/18/09
REO SFR Package
Nation wide SFR
716 homes in many states!
BPO 90 days old = $45,332,939
Sales Price = $9,338,585
PACKAGE # 5-4a – STATUS – 5/18/09
REO SFR Package
Nation wide SFR
398 homes in many states!
BPO 90 days old = $36,051,000
Sales Price = $5,941,357
PACKAGE # 5-4b – STATUS – 5/18/09
REO SFR Package
350 homes nation wide
BPO 90 days old = $20,697,069
Sales Price = $8,944,999
PACKAGE # 5-4c – STATUS – 5/18/09
REO SFR Package
316 All Ohio (BECOME A BANK)
BPO to be determined in Escrow
Sales Price = $1,478,999
PACKAGE # 5-4d – STATUS – 5/18/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e – STATUS – 5/18/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – STATUS – 5/18/09
29 SFR and Multi-family in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-4H – SOLD – 5/18/09
REO SFR Package
1200 SFRs Nation Wide (No California)
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4i – STATUS – 5/12/09
REO SFR Package
51 SFR all in Florida
Asking 10.2 million
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4j – STATUS UPDATED – 5/15/09
REO unfinished Condos Package with 10K commercial leased 20+ years
70+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4k – Available 5/17/09
REO SFR
28 SFR in GA, NC, VA,WV, MD,
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4L – Available 5/17/09
REO SFR
103 SFR in AZ, CA
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4m – Available 5/17/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
Owner estimate $1.4 million
Make offer Plus 3 % in fees
PACKAGE # 5-4n – Available 5/17/09
REO SFR
22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o – Available 5/18/09
REO SFR
7 SFR in Los Angeles, CA
BPO to $982,205
Asking Price: $879,278
Make offer Plus 3 % in fees
PACKAGE # 5-4p – Available 5/18/09
REO SFR
10 SFR in Los Angeles, CA
BPO to $3.273 million
Asking Price: $1,816,499
Make offer Plus 3 % in fees
PACKAGE # 5-4q – Available 5/18/09
REO SFR
178 SFR and some condos in 52 (TX), (72) So. CA, (54) No. CA
BPO to $19.286 million
Asking Price: $9,939,500
Make offer Plus 3 % in fees
PACKAGE # 5-4r – NEW 5/18/09
REO
97 Florida SFR
BPO to be determined in Escrow
Seller will accept 60 cents of current BPO
Make offer Plus 3 % in fees
PACKAGE # 5-4s Available 5/18/09
REO
93 SFR AL (5), CA (1), CO (1), FL (2), GA (3), IA (2), IL(34), IN (3), KS (3), KY (4)MA (1), ME(1),MI(6),MN(3), MO (4), NY (1)
Asking price with fees is $896,000.00
Private Investor Sales
Make offer fees included
PACKAGE # 5-5 – STATUS –AVAILABLE 5/18/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – STATUS – 5/18/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 - Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-10 – STATUS –AVAILABLE 5/18/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
5)
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-15 – STATUS - 5/18/09
NON- Performing NOTES
Current Loan Value = $47,356,460
Sales Price $28,413,976
Loan value
State
City
Description
Asking Price
$3,370,731
MI
Holly
Retail & Industrial Building
$2,022,438.74
$1,799,755
MI
Detroit
Real Estate
$1,079,853.02
$4,994,267
MI
Detroit
Real Estate
$2,996,560.23
$21,141,687
FL
Ft Lauderdale
Condominiums
$12,685,012.00
$1,532,258
MI
Milan
Real Estate
$919,354.90
$3,896,221
MI
Wixom
17 attached condo units
$2,337,732.86
$1,960,469
MI
Wixom
67 improved attached condo sites
$1,176,281.24
$2,212,960
MI
Wixom
20.51 acres for proposed 90-site single family units & 15.98 acres for attached condo/multi family units
$1,327,775.88
$689,863
MI
Wixom
All properties securing these relationships
$413,917.80
$2,588,590
MI
Wixom
2.56 vacant land for proposed 31,517 SF retail/office bldg. & .54 vacant outlot for retail/office bldg.
$1,553,154.06
$2,600,000
MI
Wixom
24,558 retail/office bldg. on 2.16 acres
$1,560,000.00
$379,659
MI
Wixom
All properties securing these relationships
$227,795.50
$190,000
MI
Wixom
Steel materials
$114,000.00
$47,356,460
Total
$28,413,876.24
PACKAGE # 5-24 – STATUS – available 5/18/09
NON- Performing Multi-family Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 65to 80% of their face value.
1) 21 Units, Location CT
2) 24 Units, Location CT
3) 60 Units, Location CT
4) 84 Units, Location CT
5) Mixed use, Location NJ
6) 72 Units, Location NJ
7) Mixed use 18 Units, Location NJ
8) 7 Units, Location NJ
9) 25 Units, Location NJ
10) 13 Units, Location NJ
11) 5 Units, Location NJ
12) 7 Units, Location NJ
13) 5 Units, Location NY
14) 28 Units, Location NY
15) 16 Units, Location NY
16) 11 Units, Location NY
17) 10 Units, Location NY
18) 6 Units, Location NY
19) Mixed use 2 commercial and 6 Units, Location NY
20) 10 Units, Location NY
21) 7 Units, Location NY
22) 9 units , Location NY
PACKAGE # 5-25 – STATUS – SOLD 5/18/09
NON-and Performing Notes for Sale
1) SFR, GA, Performing, Unpaid balance 113K Make offer!
2) SFR, GA, Non-Performing, Unpaid balance 106K Make offer!
3) SFR, TX, Non-Performing, Unpaid balance 93K Make offer!
4) Business, CA, Non-Performing, Unpaid balance 150K Make offer!
5) Vacant Land, UT, Performing, Unpaid balance 514K Make offer!
6) SFR, TX, Non-Performing, Unpaid balance 79K Make offer!
PACKAGE # 5-26 – STATUS – available 5/18/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700 FICO
Remaining Balance $107,000
Make offer
PACKAGE # 5-27 – STATUS – available 5/18/09
Performing Notes for sale Washington DC
$7.8M Owners valuation
83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
Bank is willing to take 20% off, we are direct to bank
Property is 100% occupied
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
PERFORMING NOTES
Performing Note packages are available for purchase by making an offer. Any line item can be purchased separately.
To get more information about any Note package please submit a “Letter of Interest” made out to Remcor’s Partner “Continental Funding”. The two available Note Types represented in the following section are Performing Convenience Stores, and hotel/motel loans.
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
PACKAGE # 5-4 – STATUS – 5/18/09
REO SFR Package
Nation wide SFR
716 homes in many states!
BPO 90 days old = $45,332,939
Sales Price = $9,338,585
PACKAGE # 5-4a – STATUS – 5/18/09
REO SFR Package
Nation wide SFR
398 homes in many states!
BPO 90 days old = $36,051,000
Sales Price = $5,941,357
PACKAGE # 5-4b – STATUS – 5/18/09
REO SFR Package
350 homes nation wide
BPO 90 days old = $20,697,069
Sales Price = $8,944,999
PACKAGE # 5-4c – STATUS – 5/18/09
REO SFR Package
316 All Ohio (BECOME A BANK)
BPO to be determined in Escrow
Sales Price = $1,478,999
PACKAGE # 5-4d – STATUS – 5/18/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e – STATUS – 5/18/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – STATUS – 5/18/09
29 SFR and Multi-family in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-4H – SOLD – 5/18/09
REO SFR Package
1200 SFRs Nation Wide (No California)
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4i – STATUS – 5/12/09
REO SFR Package
51 SFR all in Florida
Asking 10.2 million
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4j – STATUS UPDATED – 5/15/09
REO unfinished Condos Package with 10K commercial leased 20+ years
70+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4k – Available 5/17/09
REO SFR
28 SFR in GA, NC, VA,WV, MD,
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4L – Available 5/17/09
REO SFR
103 SFR in AZ, CA
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4m – Available 5/17/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
Owner estimate $1.4 million
Make offer Plus 3 % in fees
PACKAGE # 5-4n – Available 5/17/09
REO SFR
22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o – Available 5/18/09
REO SFR
7 SFR in Los Angeles, CA
BPO to $982,205
Asking Price: $879,278
Make offer Plus 3 % in fees
PACKAGE # 5-4p – Available 5/18/09
REO SFR
10 SFR in Los Angeles, CA
BPO to $3.273 million
Asking Price: $1,816,499
Make offer Plus 3 % in fees
PACKAGE # 5-4q – Available 5/18/09
REO SFR
178 SFR and some condos in 52 (TX), (72) So. CA, (54) No. CA
BPO to $19.286 million
Asking Price: $9,939,500
Make offer Plus 3 % in fees
PACKAGE # 5-4r – NEW 5/18/09
REO
97 Florida SFR
BPO to be determined in Escrow
Seller will accept 60 cents of current BPO
Make offer Plus 3 % in fees
PACKAGE # 5-4s Available 5/18/09
REO
93 SFR AL (5), CA (1), CO (1), FL (2), GA (3), IA (2), IL(34), IN (3), KS (3), KY (4)MA (1), ME(1),MI(6),MN(3), MO (4), NY (1)
Asking price with fees is $896,000.00
Private Investor Sales
Make offer fees included
PACKAGE # 5-5 – STATUS –AVAILABLE 5/18/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – STATUS – 5/18/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 - Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-10 – STATUS –AVAILABLE 5/18/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
5)
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-15 – STATUS - 5/18/09
NON- Performing NOTES
Current Loan Value = $47,356,460
Sales Price $28,413,976
Loan value
State
City
Description
Asking Price
$3,370,731
MI
Holly
Retail & Industrial Building
$2,022,438.74
$1,799,755
MI
Detroit
Real Estate
$1,079,853.02
$4,994,267
MI
Detroit
Real Estate
$2,996,560.23
$21,141,687
FL
Ft Lauderdale
Condominiums
$12,685,012.00
$1,532,258
MI
Milan
Real Estate
$919,354.90
$3,896,221
MI
Wixom
17 attached condo units
$2,337,732.86
$1,960,469
MI
Wixom
67 improved attached condo sites
$1,176,281.24
$2,212,960
MI
Wixom
20.51 acres for proposed 90-site single family units & 15.98 acres for attached condo/multi family units
$1,327,775.88
$689,863
MI
Wixom
All properties securing these relationships
$413,917.80
$2,588,590
MI
Wixom
2.56 vacant land for proposed 31,517 SF retail/office bldg. & .54 vacant outlot for retail/office bldg.
$1,553,154.06
$2,600,000
MI
Wixom
24,558 retail/office bldg. on 2.16 acres
$1,560,000.00
$379,659
MI
Wixom
All properties securing these relationships
$227,795.50
$190,000
MI
Wixom
Steel materials
$114,000.00
$47,356,460
Total
$28,413,876.24
PACKAGE # 5-24 – STATUS – available 5/18/09
NON- Performing Multi-family Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 65to 80% of their face value.
1) 21 Units, Location CT
2) 24 Units, Location CT
3) 60 Units, Location CT
4) 84 Units, Location CT
5) Mixed use, Location NJ
6) 72 Units, Location NJ
7) Mixed use 18 Units, Location NJ
8) 7 Units, Location NJ
9) 25 Units, Location NJ
10) 13 Units, Location NJ
11) 5 Units, Location NJ
12) 7 Units, Location NJ
13) 5 Units, Location NY
14) 28 Units, Location NY
15) 16 Units, Location NY
16) 11 Units, Location NY
17) 10 Units, Location NY
18) 6 Units, Location NY
19) Mixed use 2 commercial and 6 Units, Location NY
20) 10 Units, Location NY
21) 7 Units, Location NY
22) 9 units , Location NY
PACKAGE # 5-25 – STATUS – SOLD 5/18/09
NON-and Performing Notes for Sale
1) SFR, GA, Performing, Unpaid balance 113K Make offer!
2) SFR, GA, Non-Performing, Unpaid balance 106K Make offer!
3) SFR, TX, Non-Performing, Unpaid balance 93K Make offer!
4) Business, CA, Non-Performing, Unpaid balance 150K Make offer!
5) Vacant Land, UT, Performing, Unpaid balance 514K Make offer!
6) SFR, TX, Non-Performing, Unpaid balance 79K Make offer!
PACKAGE # 5-26 – STATUS – available 5/18/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700 FICO
Remaining Balance $107,000
Make offer
PACKAGE # 5-27 – STATUS – available 5/18/09
Performing Notes for sale Washington DC
$7.8M Owners valuation
83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
Bank is willing to take 20% off, we are direct to bank
Property is 100% occupied
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)
Wednesday, May 13, 2009
REO & NOTE for Sale
This is the May 13th, 2009 summary of available packages for sale.
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
Performing Note packages are available for purchase buy making a offer. Any line item can be purchased separately.
To get more information about any Note package please submit a “Letter of Interest” made out to Remcor’s Partner “Continental Funding”. The two available Note Types represented in the following section are Performing Convenience Stores, and hotel/motel loans.
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
PACKAGE # 5-4 – STATUS – 5/11/09
REO SFR Package
Nation wide SFR
716 homes in many states!
BPO 90 days old = $45,332,939
Sales Price = $9,338,585
PACKAGE # 5-4a – STATUS – 5/12/09
REO SFR Package
Nation wide SFR
398 homes in many states!
BPO 90 days old = $36,051,000
Sales Price = $5,941,357
PACKAGE # 5-4b – STATUS – 5/12/09
REO SFR Package
350 homes nation wide
BPO 90 days old = $20,697,069
Sales Price = $8,944,999
PACKAGE # 5-4c – STATUS – 5/12/09
REO SFR Package
316 All Ohio (BECOME A BANK)
BPO to be determined in Escrow
Sales Price = $1,478,999
PACKAGE # 5-4d – STATUS – 5/12/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e – STATUS – 5/12/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – STATUS – 5/05/09
29 SFR and Multi-family in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-4H – SOLD – 5/13/09
REO SFR Package
1200 SFRs Nation Wide (No California)
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4i – STATUS – 5/12/09
REO SFR Package
51 SFR all in Florida
Asking 10.2 million
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4j – STATUS – 5/12/09
REO unfinished Condos Package with 10K commercial leased 20+ years
58+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4k – Available 5/13/09
REO SFR
28 SFR in GA, NC, VA,WV, MD,
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4L – Available 5/13/09
REO SFR
103 SFR in AZ, CA
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4m – Available 5/13/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
Owner estimate $1.4 million
Make offer Plus 3 % in fees
PACKAGE # 5-4n – Available 5/13/09
REO SFR
22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o – Available 5/13/09
REO SFR
7 SFR in Los Angeles, CA
BPO to $982,205
Asking Price: $879,278
Make offer Plus 3 % in fees
PACKAGE # 5-4p – Available 5/13/09
REO SFR
10 SFR in Los Angeles, CA
BPO to $3.273 million
Asking Price: $1,816,499
Make offer Plus 3 % in fees
PACKAGE # 5-4q – Available 5/13/09
REO SFR
178 SFR and some condos in 52 (TX), (72) So. CA, (54) No. CA
BPO to $19.286 million
Asking Price: $9,939,500
Make offer Plus 3 % in fees
PACKAGE # 5-5 – STATUS –AVAILABLE 5/13/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – STATUS – 5/13/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 - Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-10 – STATUS –AVAILABLE 5/13/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
5)
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-15 – STATUS - 5/13/09
NON- Performing NOTES
Current Loan Value = $47,356,460
Sales Price $28,413,976
Loan value
State
City
Description
Asking Price
$3,370,731
MI
Holly
Retail & Industrial Building
$2,022,438.74
$1,799,755
MI
Detroit
Real Estate
$1,079,853.02
$4,994,267
MI
Detroit
Real Estate
$2,996,560.23
$21,141,687
FL
Ft Lauderdale
Condominiums
$12,685,012.00
$1,532,258
MI
Milan
Real Estate
$919,354.90
$3,896,221
MI
Wixom
17 attached condo units
$2,337,732.86
$1,960,469
MI
Wixom
67 improved attached condo sites
$1,176,281.24
$2,212,960
MI
Wixom
20.51 acres for proposed 90-site single family units & 15.98 acres for attached condo/multi family units
$1,327,775.88
$689,863
MI
Wixom
All properties securing these relationships
$413,917.80
$2,588,590
MI
Wixom
2.56 vacant land for proposed 31,517 SF retail/office bldg. & .54 vacant outlot for retail/office bldg.
$1,553,154.06
$2,600,000
MI
Wixom
24,558 retail/office bldg. on 2.16 acres
$1,560,000.00
$379,659
MI
Wixom
All properties securing these relationships
$227,795.50
$190,000
MI
Wixom
Steel materials
$114,000.00
$47,356,460
Total
$28,413,876.24
PACKAGE # 5-24 – STATUS – available 5/13/09
NON- Performing Multi-family Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 65to 80% of their face value.
1) 21 Units, Location CT
2) 24 Units, Location CT
3) 60 Units, Location CT
4) 84 Units, Location CT
5) Mixed use, Location NJ
6) 72 Units, Location NJ
7) Mixed use 18 Units, Location NJ
8) 7 Units, Location NJ
9) 25 Units, Location NJ
10) 13 Units, Location NJ
11) 5 Units, Location NJ
12) 7 Units, Location NJ
13) 5 Units, Location NY
14) 28 Units, Location NY
15) 16 Units, Location NY
16) 11 Units, Location NY
17) 10 Units, Location NY
18) 6 Units, Location NY
19) Mixed use 2 commercial and 6 Units, Location NY
20) 10 Units, Location NY
21) 7 Units, Location NY
22) 9 units , Location NY
PACKAGE # 5-25 – STATUS – available 5/13/09
NON-and Performing Notes for Sale
1) SFR, GA, Performing, Unpaid balance 113K Make offer!
2) SFR, GA, Non-Performing, Unpaid balance 106K Make offer!
3) SFR, TX, Non-Performing, Unpaid balance 93K Make offer!
4) Business, CA, Non-Performing, Unpaid balance 150K Make offer!
5) Vacant Land, UT, Performing, Unpaid balance 514K Make offer!
6) SFR, TX, Non-Performing, Unpaid balance 79K Make offer!
PACKAGE # 5-26 – STATUS – available 5/13/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700
Remaining Balance $107,000
Make offer
PACKAGE # 5-27 – STATUS – available 5/13/09
Performing Notes for sale Washington DC
$7.8M Owners valuation
83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
Bank is willing to take 20% off, we are direct to bank
Property is 100% occupied
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
Performing Note packages are available for purchase buy making a offer. Any line item can be purchased separately.
To get more information about any Note package please submit a “Letter of Interest” made out to Remcor’s Partner “Continental Funding”. The two available Note Types represented in the following section are Performing Convenience Stores, and hotel/motel loans.
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
PACKAGE # 5-4 – STATUS – 5/11/09
REO SFR Package
Nation wide SFR
716 homes in many states!
BPO 90 days old = $45,332,939
Sales Price = $9,338,585
PACKAGE # 5-4a – STATUS – 5/12/09
REO SFR Package
Nation wide SFR
398 homes in many states!
BPO 90 days old = $36,051,000
Sales Price = $5,941,357
PACKAGE # 5-4b – STATUS – 5/12/09
REO SFR Package
350 homes nation wide
BPO 90 days old = $20,697,069
Sales Price = $8,944,999
PACKAGE # 5-4c – STATUS – 5/12/09
REO SFR Package
316 All Ohio (BECOME A BANK)
BPO to be determined in Escrow
Sales Price = $1,478,999
PACKAGE # 5-4d – STATUS – 5/12/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e – STATUS – 5/12/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – STATUS – 5/05/09
29 SFR and Multi-family in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-4H – SOLD – 5/13/09
REO SFR Package
1200 SFRs Nation Wide (No California)
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4i – STATUS – 5/12/09
REO SFR Package
51 SFR all in Florida
Asking 10.2 million
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4j – STATUS – 5/12/09
REO unfinished Condos Package with 10K commercial leased 20+ years
58+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4k – Available 5/13/09
REO SFR
28 SFR in GA, NC, VA,WV, MD,
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4L – Available 5/13/09
REO SFR
103 SFR in AZ, CA
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4m – Available 5/13/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
Owner estimate $1.4 million
Make offer Plus 3 % in fees
PACKAGE # 5-4n – Available 5/13/09
REO SFR
22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o – Available 5/13/09
REO SFR
7 SFR in Los Angeles, CA
BPO to $982,205
Asking Price: $879,278
Make offer Plus 3 % in fees
PACKAGE # 5-4p – Available 5/13/09
REO SFR
10 SFR in Los Angeles, CA
BPO to $3.273 million
Asking Price: $1,816,499
Make offer Plus 3 % in fees
PACKAGE # 5-4q – Available 5/13/09
REO SFR
178 SFR and some condos in 52 (TX), (72) So. CA, (54) No. CA
BPO to $19.286 million
Asking Price: $9,939,500
Make offer Plus 3 % in fees
PACKAGE # 5-5 – STATUS –AVAILABLE 5/13/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – STATUS – 5/13/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 - Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-10 – STATUS –AVAILABLE 5/13/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
5)
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-15 – STATUS - 5/13/09
NON- Performing NOTES
Current Loan Value = $47,356,460
Sales Price $28,413,976
Loan value
State
City
Description
Asking Price
$3,370,731
MI
Holly
Retail & Industrial Building
$2,022,438.74
$1,799,755
MI
Detroit
Real Estate
$1,079,853.02
$4,994,267
MI
Detroit
Real Estate
$2,996,560.23
$21,141,687
FL
Ft Lauderdale
Condominiums
$12,685,012.00
$1,532,258
MI
Milan
Real Estate
$919,354.90
$3,896,221
MI
Wixom
17 attached condo units
$2,337,732.86
$1,960,469
MI
Wixom
67 improved attached condo sites
$1,176,281.24
$2,212,960
MI
Wixom
20.51 acres for proposed 90-site single family units & 15.98 acres for attached condo/multi family units
$1,327,775.88
$689,863
MI
Wixom
All properties securing these relationships
$413,917.80
$2,588,590
MI
Wixom
2.56 vacant land for proposed 31,517 SF retail/office bldg. & .54 vacant outlot for retail/office bldg.
$1,553,154.06
$2,600,000
MI
Wixom
24,558 retail/office bldg. on 2.16 acres
$1,560,000.00
$379,659
MI
Wixom
All properties securing these relationships
$227,795.50
$190,000
MI
Wixom
Steel materials
$114,000.00
$47,356,460
Total
$28,413,876.24
PACKAGE # 5-24 – STATUS – available 5/13/09
NON- Performing Multi-family Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 65to 80% of their face value.
1) 21 Units, Location CT
2) 24 Units, Location CT
3) 60 Units, Location CT
4) 84 Units, Location CT
5) Mixed use, Location NJ
6) 72 Units, Location NJ
7) Mixed use 18 Units, Location NJ
8) 7 Units, Location NJ
9) 25 Units, Location NJ
10) 13 Units, Location NJ
11) 5 Units, Location NJ
12) 7 Units, Location NJ
13) 5 Units, Location NY
14) 28 Units, Location NY
15) 16 Units, Location NY
16) 11 Units, Location NY
17) 10 Units, Location NY
18) 6 Units, Location NY
19) Mixed use 2 commercial and 6 Units, Location NY
20) 10 Units, Location NY
21) 7 Units, Location NY
22) 9 units , Location NY
PACKAGE # 5-25 – STATUS – available 5/13/09
NON-and Performing Notes for Sale
1) SFR, GA, Performing, Unpaid balance 113K Make offer!
2) SFR, GA, Non-Performing, Unpaid balance 106K Make offer!
3) SFR, TX, Non-Performing, Unpaid balance 93K Make offer!
4) Business, CA, Non-Performing, Unpaid balance 150K Make offer!
5) Vacant Land, UT, Performing, Unpaid balance 514K Make offer!
6) SFR, TX, Non-Performing, Unpaid balance 79K Make offer!
PACKAGE # 5-26 – STATUS – available 5/13/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700
Remaining Balance $107,000
Make offer
PACKAGE # 5-27 – STATUS – available 5/13/09
Performing Notes for sale Washington DC
$7.8M Owners valuation
83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
Bank is willing to take 20% off, we are direct to bank
Property is 100% occupied
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)
Wednesday, May 6, 2009
This is the May 5, 2009 summary of available packages for sale.
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
PERFORMING NOTES
Performing Note packages are available for purchase buy making a offer. Any line item can be purchased separately.
To get more information about any Note package please submit a “Letter of Interest” made out to Remcor’s Partner “Continental Funding”. The two available Note Types represented in the following section are Performing Convenience Stores, and hotel/motel loans.
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
PACKAGE # 5-1A – STATUS – NEW 5/05/09
PERFORMING NOTES
Performing Convenience$51,193.98
Performing Convenience$875,609.38
Performing Convenience$1,175,019.23
Performing Convenience$904,117.92
Performing Convenience$254,505.00
Performing Convenience$1,691,616.60
Performing Convenience$1,014,527.07
Performing Convenience$75,221.56
Performing Convenience$444,028.46
Performing Convenience$1,540,475.11
Performing Hotel$1,038,545.73
Performing Hotel$3,258,402.13
Performing Hotel$4,447,670.70
Performing Hotel$551,337.76
Performing Hotel$1,175,826.52
NOTES
PACKAGE # 5-1 – STATUS – UPDATED 5/05/09
Non Performing Notes
Submit a letter of Interest for more information or sign a NCND.
1) 361 units - Loan value - $89,250,000
Location: St.Petersberg FL
As Is value:
$ 112,000,000
2) 560 Units - Loan value - $87,975,000
Location: Esmeralda CA
As is value:
$ 112,000,000
5) 182 Units - Loan value - $8,450,000
Location: Metairie LA
As Is Value
$25,000,000
6) 665 Units - Loan value - $6,324,000
Location: Vacaville CA
As is Value
$77,500,000
7) 315 Units - Loan value - $78,500,000
Location: Rockville MD
As is Value
98,000,000
8) NA Unit count - Loan value - $3,763,000
Location: Plainville NY
As is Value
$7,400,000
PACKAGE # 5-2 – STATUS – available 5/05/09
You may offer on any of the following Note packages on a line by line basis.
Non Performing Commercial properties
Original BPO was $1,362,760,000
Loan Value is $430,000,000.00
City Parkway
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)
PACKAGE # 5-3 – STATUS – 5/05/09
Non Performing Note Package
1) 30+ Unit apartment building NY,NY
2) 20+ unit apartment building, NY,NY
3) 50+ Unit condo project 100% complete, NY,NY
4) 100+ unit condo project 90% complete, NY,NY
5) ½ ac +/-, improved land in Bronx, NY
6) 8 unit apartment building NY
7) 1.5+ acres approved for 200 + units, NY
8) .6+ acres of approved for 400+ units, NY
9) 110 New Condo and retail units, NJ
10) Land for 8 duplex SFR, NY
11) Land for SFRs, NY
12) Warehouse/office building, Staten Island, NY
13) 20 unit Apartment building, NY
14) 40K Sq.ft. Industrial building , NJ
15) 15 unit apartment building, NY,NY
16) 50+ unit apartment building, 10 unfinished units, NJ
17) 15K sq.ft. Industrial building, CT
18) 4 apartment and 4 retail units, NY
19) 17 unit apartment building, NJ
20) Mixed use 4 story building in NY,NY
PACKAGE # 5-4 – STATUS – 5/05/09
REO SFR Package
Nation wide SFR
715 homes in many states!
BPO 90 days old = $45,332,939
Sales Price = $9,338,585
PACKAGE # 5-4a – STATUS – 5/05/09
REO SFR Package
Nation wide SFR
398 homes in many states!
BPO 90 days old = $36,051,000
Sales Price = $5,941,357
PACKAGE # 5-4b – STATUS – 5/05/09
REO SFR Package
350 homes nation wide
BPO 90 days old = $20,697,069
Sales Price = $8,944,999
PACKAGE # 5-4c – STATUS – 5/05/09
REO SFR Package
316 All Ohio (BECOME A BANK)
BPO to be determined in Escrow
Sales Price = $1,478,999
PACKAGE # 5-4d – STATUS – 5/05/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e – STATUS – 5/05/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – STATUS – 5/05/09
REO SFR Package
29 SFR in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-5 – STATUS – 5/05/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – STATUS – available 5/05/09
Two Performing Hotel 1st Trust Deeds for sale both borrowers
1) 5.2 million note, rate 6.612, 10 year with balloon, LTV 67.00% Discounted to $4,228,200
2) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-8 – STATUS – available 5/05/09
Performing Hotel Notes for Sale
220 room Hotel - NC
PACKAGE # 5-9 – STATUS– available 5/05/09
Performing Hotel Notes for Sale
250 room Hotel - FL 160 million notes available for discount
PACKAGE # 5-10 – STATUS – available 5/05/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
5)
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-11 – STATUS – available 5/05/09
Performing Hotel Notes for Sale - 1st - 96 million, 5YR Floating-Rate Loan, Discounted 15.2%
717 hotel rooms - cross-collateralized/cross-defaulted, full service hotels in D.C. and CA.
For the trailing twelve months ending 6/30/08 the properties exhibited an occupancy of 70.5%, average daily rate of $149, a RevPAR of $103 and a NCF of $12,666,378.
PACKAGE # 5-12 – STATUS – available 5/05/09
Performing Hotel Notes for Sale - 1st - 49 Million 5 yr floating rate loan discount % 9.4
300+ room Hotel - Cayman Islands -13 million in Notes Including the A series
The property is expected to stabilize by 2010/11 and generate an NOI of $20,375,520 with a 75% occupancy $601.68 ADR and $451.26 RevPAR.
Submit letter of interest for more details.
PACKAGE # 5-13 – STATUS – available 5/05/09
Performing Hotel Notes for Sale
350+ room Hotel - FL - 49 million 1st
Likely to default on existing financing JUN 09
Submit letter of interest for more details.
PACKAGE # 5-14 – STATUS – SOLD 4/10/09 –
Part of a three hotel package Others located Newark, NJ and Charlotte, NC
Performing Hotel Notes for Sale - 55 million face value
190+ room Hotel - MA -
NOI 3,201,000, Occupancy 71.%, ADR $289.26
PACKAGE # 5-22 – STATUS 5/05/09
These can be purchased on a line by line basis. Submit your letter of interest for more details.
Collateral Type
County
Property Description
South Florida and Tampa Affiliate Notes #1 - #92
Residential Condo
Miami Dade
28 - unit low rise condominium in North Miami Beach, FL - 71% Complete
Developed Lots
Indian River
3 ocean front estate lots 2 are contiguous. Each are 2.1 acres with 110 feet of ocean frontage
Developed lots
Palm Beach
Development of Phase III and Phase IV of Equus, a single family home development
N/A
N/A
N/A
Raw Land
Collier
131 Acres , Property has development order to build 406 single family homes and condominiums
Developed Lots
Hillsboro
Two non-contiguous parcels of 0.9 acres + 2.4 acres. Site zoned CB2; approved for 840,000SF office + 175,000SF retail, height of 50 stories
Developed Lots
Indian River
Currently developed for 31 home sites , additional east parcel planned for beach club with 21 condo units
Office Building
Palm Beach
1 bldg. - 2 story multi tenant general office facility over 2 parking levels. Build 1975.
Industrial land
Lee
23 Acres of industrial with fill on site and 200000sf flex building development order available
SFR land
Collier
63 acres Ph 1 scraped for 71 approved lots and Ph II 75 lots treed
Indust/retail/office
Collier
56000sf of office/retail 28500sf of O/W plus 2 additional vacant O/W lots
Condo&excess land
Charlotte
65 condos plus 207 units in excess land
SFR land
Lee
20 acres of riverfront property currently agri. with the ability to put 1sfr per 5 acres
N/A
N/A
N/A
Developed Lots
Hillsborough
174 developed town home lots plus 17.65 acres zoned for an additional 216 town home lots
Developed Lots
Sarasota
Also includes 3 condos in Indian Shores Florida
Hotel Site
Sarasota
Hotel/Office/Retail site in Downtown Sarasota
Developed Lots
Collier
115 Developed lots
1-4 Family Residences
Collier
10 Completed Homes
Raw Land
Collier
2.49 Industrial land plus adjacent .92 acre site zoned agricultural.
Raw Land
Collier
10 acres of raw residential land adjacent to Wilshire Lakes
Developed Lot
Collier
2.39 acre lot in Naples
Developed Lot
Collier
Lakefront lot in Coquina Sands subdivision
Raw Land
Collier
4.13 acres adjacent to Wilshire Lakes subdivision
Hotel Site
Volusia
3.94 acre ocean front site with sea wall.
Retail/Restaurant
Lee
Restaurant and retail space located on Cape Coral Parkway
Marina
Lee
24 acre parcel located at 14030 Mcgregor Blvd, Ft Myers FL - infrastructure/wet slips+ service area
Land
Volusia
subject property consists of 10.33 acres of land (12 Parcels) and existing improvements located at the northwest corner of north Beach Street and Dr. Mary McLeod Bethune Blvd.
Land - Waterfront
Monroe
14.15 acres including 11.84 acres of upland and 2.31 acres of submerged land. On site single family residence used as office, snack shop and marine with 15 slips+fuel capabilities
Develop lot
Osceola
9 residential lots, model, speculative and former pre-sold single family detached
Land
Pasco
350.3 acre CDD site entitled for 726 SFR lots, 180 town homes, 70,000 sf office + 10,000 daycare.
Condominium
Volusia
7 story bldg. W/2 units per floor. Condo size 2,249 sf to 2,804 sf. 4 units sold and closed
Land
0
2 subdivisions Arlington Cove lots & completed units and Pebblewhite Court completed units - 1 story residential attached villa projects.
land/waterfront
Pinellas
Development of 5.26 acres of which 1.58 is submerged.
Land
Pinellas
9 residential lots on 3 acres for development
Land
Polk
Project completed. 240 residential lots
Residential Condo
Palm Beach
Ocean view condo. 3 units Construction completed. Each unit is approx 5,000. Garage parking.
Land
Lake County
168.9 acres raw land consisting of 5 contiguous parcels. Zoned LDR.
Land
See note
Collateral consists of 128 lots and 6 homes (19 in Palm Bay, 5 Port St. Lucie, 12 North Port, 65 Port Charlotte, 9 Ocala and 24 others.)
Security Interest in Assessments
Highlands
860 lots in Unit A and C, lots were appraised at $20M(a38), $31M(143), $33M(43), $43M (536) value based no appraisal as of August 1, 2007 would be $31,694.105. However, lots are all owned by individuals or lic's. Lots that foreclosed will be available for sale for approx. $2500 (current assessment and foreclosure cost) with the assumption that new owner will keep assessment current.
Raw land
Sarasota
14 acres of raw, waterfront property, zoned residential.
N/A
N/A
N/A
1-4 Family Residence
0
17 lots and 3 houses in Bristol Cover at Deer Creek and 12 lots and 2 houses in harmony Subd. + 10 lots in Belle Meads and 9 lots in Loch Leven
Church
Orange
Church building @ 8,000 sq ft.
1-4 Family Residence
Osceola
12 lots for townhome construction and 6 completed townhomes units in Vila Sol.
Single family Condo/ Townhouse
Pinellas
6 condo units located on intercoastal waterway canal. Isle of Capri
Raw Land
Pinellas
1.35 acres zoned for construction of townhomes
Raw Land
Hillsborough
32.8 gross acres, zoned residential; PD approved for 42 SFR and 42 townhomes. Fully permitted
Raw Land Contiguous with # 69 - See notes
Hillsborough
16.24 gross acres, zoned commercial. Contiguous with #69. Additional 8 acres pledged for a total assemblage of 38 contiguous acres in South Tampa
Single family Condo/ Townhouse
Pinellas
15 spec townhoms; 48 improved lots. New appraisal due by July 20th. One just sold for $259,900
Raw Land Contiguous with # 66 - See notes
Hillsborough
16.24 gross acres, zoned commercial. Contiguous with #66. Additional 8 acres pledged for a total assemblage of 38 contiguous acres in South Tampa
Hotel/Motel
Pinellas
40 room beachfront hotel. Completely renovated in 2007
Other
Residential Condo
Orange
188 unit apartment. 19 - 2 story buildings on 10 acres. Converted to condos.
Raw Land
Sarasota
2.5 acre site near downtown Sarasota.
Single family Condo/ Townhouse
Manatee
2 Unit fee simple residences
Marina
Pinellas
144 slip marina with 202 indoor/outdoor boat racks. Direct access to the Gulf of Mexico. Includes club house and other marina amenities
Raw Land
Pinellas
2.67 acres with direct water view of Clearwater Bay. Former motel was demolished for future 267 hotel site.
Other
Pasco
4.92 acres.75 unit mobil home park, laundry facility and office. Rental income for FY 2007 $163K.
Other
Citrus
4.56 acres. 48 unit mobile home park with 12 park owned homes, 17 lots rented to mobile home owners, 11 vacant home sites and 8 RV pads.
Land Development
Franklin
52 out of 60 lots remaining. On Carrabelle River. Approx. 45 miles SW of Tallahassee.
Auto-dealership
Hillsborough
32,885 sf auto dealership. 2 buildings on a 5 acre site including showroom.
Industrial warehouse
Pinellas
5 Units remain in a 25 unit complex, 84,983 sf.
Raw land (undeveloped)
Lee
20.86 acres of vacant undeveloped. Zoned AG-2. Located 20 miles inland along Caloosabatchee River, Direct access to the Gulf.
Raw land
Pinellas
0.92 acres of developed land behind Chetters restaurant. Zoned commercial.
Raw Land (Undeveloped)
Hernando
Multiple parcels with Gulf access. LIS Pendens files 9/8/08
Raw Land (Undeveloped)
Indian River
3 parcels in Brooksville. Zoned for 12 lots. One parcel in Reunion.
Single family condo/Townhome
Pasco
Consists of 54 luxury units. 28 units are built, 11 sold, 17 remaining.15 100% complete.
N/A
N/A
N/A
Raw Land
Pinellas
17.3+ acres on Keystone Road. Site could be rezoned with 9.9 acres for senior housing and 7.4 acrees for SFR.
Developed Land/Deveoped lots
Pinellas
Approx. .25 acres of developed land with views of the Gulf of Mexico.
Orlando Affiliate Numbers 201 - 276
Commercial
Duval
7917 Atlantic Blvd. - 4 office/warehouse buildings (2 complete & 2 under construction)
Land
Brevard
1225 Jaslo St. Palm Bay, FL 32909. 9.65 AC raw undeveloped land, fully entitled 96 townhouse/condo
Residential
Miami-Dade
717-741 Valencia Avenue, Coral Gables, FL 33134. 3 two-story apartments and a SFR.
Land
Nassau
South of SR 200 in Yulee, FL-Raw undeveloped land. Raw land that is zoned for 100 townhome units.
Residential
Flagler
Lot 206, 499 Sweetgum Lane, Palm Coast, Fl 32137
Residential
Flagler
Lot 25, 239 Conservatory Dr Palm Coast, Fl 32137
Residential
Lake
Lot 156, 16001 Volterra Point Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 30, 16806 Artimino Loop, Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 360, 15207 Pendio Dr, Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 368, 15129 Pendio Dr., Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 45, 16209 Pendio Dr., Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 89, 17047 Crete Way, Bella Collina Sub, Montverde, Fl
Residential
Duval
Blue Lake Estates, Phase 2, consisting of 99 SFR lots, located east of Chaffee Road, North of 103rd St - 99% complete.
Residential
Lake
The 131 developed single-family residential lots (12 lakefront lots & 119 non-lakefront lots) is approx 1 mile south of State Road 50 on the west side of Bay Lake Road (CR 565), which is approx 1.2 miles southwest of central Mascotte, and 3 miles northwest of the city of Groveland, 8 miles northwest of central Clermont, 3 miles east of the Lake/Sumter County line, and 30 miles west of central Orlando.
Residential
Osceola
4 single-family houses within Poinciana, FL
Residential
Osceola
139 BIG SIOUX DR , Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
Osceola
103 ATHABASCA DR, Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
Osceola
100 BIG BLACK DR , Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
Osceola
504 BIG BLACK Way, Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
St. Johns
104 Strong Branch Drive - Spec Home, 92% complete.
Residential
Clay
Residential
Clay
19 SFR lots in Magnolia Pt. Golf & Country Club, Green Cove Springs, FL
Residential
Clay
2180 Autumn Cove Circle, Orange Park, FL. 100% complete single-family spec house.
Residential
Clay
3687 Oglebay Drive, Green Cove Springs, FL. 100% complete single-family spec house.
Residential
Clay
9 SFR lots in Eagle Landing @ Oakleaf Plantation, Clay County, FL
Residential
Marion
Residential
Marion
SE 145th St & SE 25th Ave., Summerfield, Marion County, FL - 7 lots in an 8-lot subdivision.
Residential
Marion
2399 SE 145th Loop, Summerfield, Marion County, FL 34491 - 4,627 SF SFR.
Mobile Home Park
Volusia
1141 North U.S. Highway 1, Ormond Beach, Fl 32714-30 Space Mobile Home Park
Residential
Orange
9202 Cromwell Park Place, Orlando, Florida 32827 - 100 % complete spec house located in Lake Nona Country Club.
Residential
Orange
Lots 16, 22, and 26, Bellanona Grande Estates in the Lake Nona area.
Residential
Orange
Lot 16, Lake Nona, 9700 Blandford Road in Lake Nona Country Club
Residential
Orange
9203 Sloane Street, Lot 18, Lake Nona Country Club
Residential
Volusia
134 Neal Dr. Deltona, Volusia County, FL 32738 (1,912SF SFR)
Residential
Volusia
Lots 40,41,& 42 on Lancaster Avenue in Orange City, Volusia County, FL (Parcel #09-18-30-02-18-0400 )
Residential
Volusia
2074 S. Parkton Drive, Deltona, Volusia County, FL 32725 (1,684SF Uncompleted SFR )
Residential
St. Johns
NE quadrant of SR 312 and Mitzell Rd in St. Augustine, Fl. Subject is a proposed 20 building (4 units each) town home-style condo in St.Augustine. Two buildings built, 7 units not sold.
Residential
Brevard
742 Bayside Drive; Unit 404B; Bayside Condo, Cape Canaveral, Brevard County Fl (2,013SF Condo Unit)
Residential
Georgia
Lot 365, Overlook Lane; St. Mary's; Camden County; GA 31558 (SFL in Cumberland Harbour)
Residential
Osceola
7837 Palmilla Court, Kissimmee, Osceola County, FL 34747-6417 (Lot 113)
Residential
St. Lucie
141 SE Fiore Bello, Port St. Lucie, St. Lucie County, FL 34952 (Lot 6) located in Tesaro
N/A
N/A
N/A
Residential
St. Johns
Old Moultrie Road & Lewis Point Road. Development completed & platted for 14 town home buildings of 6 units each. One building completed & 50% sold
Residential
St. Johns
3 Townhomes, Moultrie Village Lane
Commercial
Orange
7,494 SF Office Bldg, 2304 Aloma Ave. - Occupied
Commercial
Orange
5,560 SF Medical Office Bldg, 55 W. Columbia St. - Vacant
Commercial
Orange
6,182 SF Medical Office Bldg, 61 W Columbia St. - Vacant
Dockaminium
Okaloosa
770 Harbor Parkway, City of Destin, Okaloosa County, FL 32451 (26 Wet Boat Slips Marbella Condo Marina)
Residential
Lake
40.18 Acres with PSP approval for 90 residential lots and 27.39 Acres (50% developed with 91 residential lots and 9 developed lake front lots within Lake Jackson Ridge Subdivision west of SR 33, Mascotte, FL and south of Centenial Parkway.
Residential
Flagler
SFR Lots 140 & 147 - The Conservatory @ Hammock Beach; 277 Conservatory Drive & 313 Hibiscus Way, Palm Coast, FL 32137
Residential
Lake
SFR Lot 316 - Bella Collina; Trivoli Circle, Montverde, FL 34756
Residential
St. Lucie
SFR Lot 35 - Tesoro; 155 S. E. Via Lago Garda, Port St. Lucie, FL 34990
Mobile Home Park
Volusia
2450 South Ridgewood Avenue-Mobile Home Park
Residential
Lake
31 lots in Summit Ridge @ Spring Valley/Tamarack Boulevard, Clermont, FL
Residential
Lake
Lot 28 (SFR) Summit Ridge, Clermont, FL; 13300 Tamarack Boulevard, Clermont, FL 34711- 1,873 S. F. Spec Home
Residential
Duval
6 townhomes-100% complete and 12 lots in Leslie's Hideaway.
Commercial
Osceola
1213 North Central Ave., Kissimmee, Fl 34741 - Church
Land
Marion
The subject property is located on the northeast corner of Silver Road and Oak Road in Ocala, Marion County, Florida. (151 acres of land. Parcel A represents the southern land tract (parcelID number 37506-000-00) which represents 128.80± acres on the northern side of Oak Road and Silver Road. Parcel B represents the land tract (parcel ID number 9006-000-03) which represents the land surrounded by the Country Club at Silver Springs Shores golf course)
Residential
Lake
Lot 95 & Lot 102, Bella Collina, Lake County, Fl
Land
Seminole
5 contiguous parcels that make up approximately 12 Acres site on northeast corner of Sanford Avenue and Airport Blvd. in Sanford, FL. Rezoned GC-2 in August, 2008.
Residential
Hernando
Located on the east side of Interstate 75, west of Croom Rital Road and north of Cortez Blvd. in Brooksville, Hernando County, FL 34601 (172 Lots & 49AC of Land)
Commercial
Duval
9.1 acre parcel of land that is a owner occupied plant nursery/distribution facility with a 4M SF office/warehouse & 30M SF greenhouse. The subject property is located in the northeast quadrant of Baymeadows Road and SR9A in Jacksonville, Duval County, FL
Commercial
Sumter
9734 South US 301, Bushnell, FL - Church
Various
Commercial
Orange
227 N. Magnolia Orlando, FL - 14M SF office building in downtown Orlando just south of Robinson St. - Cole Building
Commercial
Orange
6905 Municipal Dr Orlando, FL - retail strip center and convenience store on the corner of Municipal Dr. and International Dr. - International Corner Plaza
Apartments
Orange
1409 to 1413 Catherine St Orlando, FL - 12 Unit apartment complex - Shady Tree Village Apartments
Apartments
Orange
3585 to 3619 Khayyam Ave Orlando, FL - 19 unit apartment complex - Pines Apartments
Residential
Orange
401 Niblick Ave Orlando, FL - 5,589 SF, Multi-Family Home (6 units)
Residential
Osceola
Lot 165 (SFR) - 354 Muirfield Loop, Kissimmee, FL 34747 - 4Bdrm 4.5bath 4296 sf 2 car garage - Reunion West Villages North
Residential
Orange
36 South Van Buren Avenue, Orlando, Fl 32811. 100% complete single-family residential spec house.
Residential
Orange
48 South Van Buren avenue, Orlando, Fl 32811. 100% complete single-family residential spec house.
Commercial
Orange
7490 W. Colonial Dr. - Gas Station/CarWash
Residential
Volusia
4.4 Acres Raw Land at 1405-1431 S Atlantic Blvd, Daytona Beach, FL
Commercial
Seminole
921 Douglas Avenue, Altamonte Springs, FL 32714 - 16,000 SF Office Building, partially owner-occupied.
Residential
Volusia
2801 Hill Street (@ 18th Street), New Smyrna Beach, FL. 94% complete; 11 unit condominium building on the beach.
Residential
St. Johns
Northside of Lightsey Rd in SE St. Johns County, FL - 86 lots
Residential
Flagler
8.33 Acres McCormick Drive, Palm Coast, FL - Condominium Development
Land
Polk
Vacant Land at the NW Quadrant SR 27 & Four Corners Blvd., Polk County, FL
Residential
Seminole
1768 Brackhurst Place Lake Mary, Fl 32746 4Bdrm 4.5 bath 6249 sf SFR with 4 car garage
Residential
Seminole
Five scattered SFR lots (1,14,15,24,30) in Carisbrooke Subdivision located in the SW quadrant of Markham Woods Rd and Longwood Markham Rd, Lake Mary, FL 32746
Residential
Orange
2787 Upper Park Rd. Orlando, Fl 32814 2Bdrm 2.5 bath 2,045 sf Townhouse 2 car garage Baldwin Park
Residential
Orange
5085 Latrobe Dr. Windermere, Fl 34786 4 bdrm 4.5 bath 3,735 sf single family 3 car garage golf front Isleworth
Residential
Osceola
1989 Estancia Cr. Kissimmee, Fl 34741 3 bdrm 2.5 bath 1,761 sf townhouse 2 car garage
Residential
Osceola
1995 Estancia Cr. Kissimmee, Fl 34741 3 bdrm 2.5 bath 1,761 sf townhouse 2 car garage
Residential
Seminole
1129 Travertine, Sanford Fl 32771 3bdrm 2.5 bath, 1,687 sf Townhouse 2 car garage
Residential
Volusia
647 Woodford Dr. Debary, Fl 32713 4 bdrm 3.5 bath 2,816 sf single family 3 car garage
Residential
Volusia
651 Woodford Dr. Debary, Fl 32713 3 bdrm, 2 bath 2,009 sf Single family 3 car garage
Commercial
Orange
Located on the southeast corner of North Magnolia Avenue and East Marks Street, Orlando, Orange County Florida 32803. The subject includes the following street addresses: 107 Granada Court; 839 North Magnolia Avenue; 845 North Magnolia Avenue; 110 East Marks Street; and 114 East Marks Street, Orlando, Orange County Florida 32803. (The site is partially improved with a 2,538 SF building and Land)
Commercial
Orange
Located on the northeast corner of North Magnolia Avenue and East Marks Street, Orlando, Orange County, Florida 32803. The subject includes the following street addresses: 901 North Magnolia Avenue and 109 East Marks Street, Orlando, Orange County, Florida 32803. (The site is partially improved with a 672 SF and a 1,560 SF buildings)
Land
Lake
SW corner of Wolf Branch and Round Lake Roads in Mt. Dora, Lake County, FL ( 167AC of Land)
PACKAGE # 5-24 – STATUS – available 5/05/09
NON- Performing Multi-family Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 65to 80% of their face value.
1) 21 Units, Location CT
2) 24 Units, Location CT
3) 60 Units, Location CT
4) 84 Units, Location CT
5) Mixed use, Location NJ
6) 72 Units, Location NJ
7) Mixed use 18 Units, Location NJ
8) 7 Units, Location NJ
9) 25 Units, Location NJ
10) 13 Units, Location NJ
11) 5 Units, Location NJ
12) 7 Units, Location NJ
13) 5 Units, Location NY
14) 28 Units, Location NY
15) 16 Units, Location NY
16) 11 Units, Location NY
17) 10 Units, Location NY
18) 6 Units, Location NY
19) Mixed use 2 commercial and 6 Units, Location NY
20) 10 Units, Location NY
21) 7 Units, Location NY
22) 9 units , Location NY
PACKAGE # 5-25 – STATUS – available 5/05/09
NON-and Performing Notes for Sale
1) SFR, GA, Performing
2) SFR, GA, Non-Performing
3) SFR, TX, Non-Performing
4) Business, CA, Non-Performing
5) Vacant Land, UT, Performing
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
PERFORMING NOTES
Performing Note packages are available for purchase buy making a offer. Any line item can be purchased separately.
To get more information about any Note package please submit a “Letter of Interest” made out to Remcor’s Partner “Continental Funding”. The two available Note Types represented in the following section are Performing Convenience Stores, and hotel/motel loans.
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
PACKAGE # 5-1A – STATUS – NEW 5/05/09
PERFORMING NOTES
Performing Convenience$51,193.98
Performing Convenience$875,609.38
Performing Convenience$1,175,019.23
Performing Convenience$904,117.92
Performing Convenience$254,505.00
Performing Convenience$1,691,616.60
Performing Convenience$1,014,527.07
Performing Convenience$75,221.56
Performing Convenience$444,028.46
Performing Convenience$1,540,475.11
Performing Hotel$1,038,545.73
Performing Hotel$3,258,402.13
Performing Hotel$4,447,670.70
Performing Hotel$551,337.76
Performing Hotel$1,175,826.52
NOTES
PACKAGE # 5-1 – STATUS – UPDATED 5/05/09
Non Performing Notes
Submit a letter of Interest for more information or sign a NCND.
1) 361 units - Loan value - $89,250,000
Location: St.Petersberg FL
As Is value:
$ 112,000,000
2) 560 Units - Loan value - $87,975,000
Location: Esmeralda CA
As is value:
$ 112,000,000
5) 182 Units - Loan value - $8,450,000
Location: Metairie LA
As Is Value
$25,000,000
6) 665 Units - Loan value - $6,324,000
Location: Vacaville CA
As is Value
$77,500,000
7) 315 Units - Loan value - $78,500,000
Location: Rockville MD
As is Value
98,000,000
8) NA Unit count - Loan value - $3,763,000
Location: Plainville NY
As is Value
$7,400,000
PACKAGE # 5-2 – STATUS – available 5/05/09
You may offer on any of the following Note packages on a line by line basis.
Non Performing Commercial properties
Original BPO was $1,362,760,000
Loan Value is $430,000,000.00
City Parkway
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)
PACKAGE # 5-3 – STATUS – 5/05/09
Non Performing Note Package
1) 30+ Unit apartment building NY,NY
2) 20+ unit apartment building, NY,NY
3) 50+ Unit condo project 100% complete, NY,NY
4) 100+ unit condo project 90% complete, NY,NY
5) ½ ac +/-, improved land in Bronx, NY
6) 8 unit apartment building NY
7) 1.5+ acres approved for 200 + units, NY
8) .6+ acres of approved for 400+ units, NY
9) 110 New Condo and retail units, NJ
10) Land for 8 duplex SFR, NY
11) Land for SFRs, NY
12) Warehouse/office building, Staten Island, NY
13) 20 unit Apartment building, NY
14) 40K Sq.ft. Industrial building , NJ
15) 15 unit apartment building, NY,NY
16) 50+ unit apartment building, 10 unfinished units, NJ
17) 15K sq.ft. Industrial building, CT
18) 4 apartment and 4 retail units, NY
19) 17 unit apartment building, NJ
20) Mixed use 4 story building in NY,NY
PACKAGE # 5-4 – STATUS – 5/05/09
REO SFR Package
Nation wide SFR
715 homes in many states!
BPO 90 days old = $45,332,939
Sales Price = $9,338,585
PACKAGE # 5-4a – STATUS – 5/05/09
REO SFR Package
Nation wide SFR
398 homes in many states!
BPO 90 days old = $36,051,000
Sales Price = $5,941,357
PACKAGE # 5-4b – STATUS – 5/05/09
REO SFR Package
350 homes nation wide
BPO 90 days old = $20,697,069
Sales Price = $8,944,999
PACKAGE # 5-4c – STATUS – 5/05/09
REO SFR Package
316 All Ohio (BECOME A BANK)
BPO to be determined in Escrow
Sales Price = $1,478,999
PACKAGE # 5-4d – STATUS – 5/05/09
REO SFR Package
58 in 7 states (BECOME A BANK)
BPO to be determined in Escrow estimated value $3,548,000
Sales Price = $723,999
PACKAGE # 5-4e – STATUS – 5/05/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – STATUS – 5/05/09
REO SFR Package
29 SFR in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-5 – STATUS – 5/05/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – STATUS – available 5/05/09
Two Performing Hotel 1st Trust Deeds for sale both borrowers
1) 5.2 million note, rate 6.612, 10 year with balloon, LTV 67.00% Discounted to $4,228,200
2) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-8 – STATUS – available 5/05/09
Performing Hotel Notes for Sale
220 room Hotel - NC
PACKAGE # 5-9 – STATUS– available 5/05/09
Performing Hotel Notes for Sale
250 room Hotel - FL 160 million notes available for discount
PACKAGE # 5-10 – STATUS – available 5/05/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
5)
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-11 – STATUS – available 5/05/09
Performing Hotel Notes for Sale - 1st - 96 million, 5YR Floating-Rate Loan, Discounted 15.2%
717 hotel rooms - cross-collateralized/cross-defaulted, full service hotels in D.C. and CA.
For the trailing twelve months ending 6/30/08 the properties exhibited an occupancy of 70.5%, average daily rate of $149, a RevPAR of $103 and a NCF of $12,666,378.
PACKAGE # 5-12 – STATUS – available 5/05/09
Performing Hotel Notes for Sale - 1st - 49 Million 5 yr floating rate loan discount % 9.4
300+ room Hotel - Cayman Islands -13 million in Notes Including the A series
The property is expected to stabilize by 2010/11 and generate an NOI of $20,375,520 with a 75% occupancy $601.68 ADR and $451.26 RevPAR.
Submit letter of interest for more details.
PACKAGE # 5-13 – STATUS – available 5/05/09
Performing Hotel Notes for Sale
350+ room Hotel - FL - 49 million 1st
Likely to default on existing financing JUN 09
Submit letter of interest for more details.
PACKAGE # 5-14 – STATUS – SOLD 4/10/09 –
Part of a three hotel package Others located Newark, NJ and Charlotte, NC
Performing Hotel Notes for Sale - 55 million face value
190+ room Hotel - MA -
NOI 3,201,000, Occupancy 71.%, ADR $289.26
PACKAGE # 5-22 – STATUS 5/05/09
These can be purchased on a line by line basis. Submit your letter of interest for more details.
Collateral Type
County
Property Description
South Florida and Tampa Affiliate Notes #1 - #92
Residential Condo
Miami Dade
28 - unit low rise condominium in North Miami Beach, FL - 71% Complete
Developed Lots
Indian River
3 ocean front estate lots 2 are contiguous. Each are 2.1 acres with 110 feet of ocean frontage
Developed lots
Palm Beach
Development of Phase III and Phase IV of Equus, a single family home development
N/A
N/A
N/A
Raw Land
Collier
131 Acres , Property has development order to build 406 single family homes and condominiums
Developed Lots
Hillsboro
Two non-contiguous parcels of 0.9 acres + 2.4 acres. Site zoned CB2; approved for 840,000SF office + 175,000SF retail, height of 50 stories
Developed Lots
Indian River
Currently developed for 31 home sites , additional east parcel planned for beach club with 21 condo units
Office Building
Palm Beach
1 bldg. - 2 story multi tenant general office facility over 2 parking levels. Build 1975.
Industrial land
Lee
23 Acres of industrial with fill on site and 200000sf flex building development order available
SFR land
Collier
63 acres Ph 1 scraped for 71 approved lots and Ph II 75 lots treed
Indust/retail/office
Collier
56000sf of office/retail 28500sf of O/W plus 2 additional vacant O/W lots
Condo&excess land
Charlotte
65 condos plus 207 units in excess land
SFR land
Lee
20 acres of riverfront property currently agri. with the ability to put 1sfr per 5 acres
N/A
N/A
N/A
Developed Lots
Hillsborough
174 developed town home lots plus 17.65 acres zoned for an additional 216 town home lots
Developed Lots
Sarasota
Also includes 3 condos in Indian Shores Florida
Hotel Site
Sarasota
Hotel/Office/Retail site in Downtown Sarasota
Developed Lots
Collier
115 Developed lots
1-4 Family Residences
Collier
10 Completed Homes
Raw Land
Collier
2.49 Industrial land plus adjacent .92 acre site zoned agricultural.
Raw Land
Collier
10 acres of raw residential land adjacent to Wilshire Lakes
Developed Lot
Collier
2.39 acre lot in Naples
Developed Lot
Collier
Lakefront lot in Coquina Sands subdivision
Raw Land
Collier
4.13 acres adjacent to Wilshire Lakes subdivision
Hotel Site
Volusia
3.94 acre ocean front site with sea wall.
Retail/Restaurant
Lee
Restaurant and retail space located on Cape Coral Parkway
Marina
Lee
24 acre parcel located at 14030 Mcgregor Blvd, Ft Myers FL - infrastructure/wet slips+ service area
Land
Volusia
subject property consists of 10.33 acres of land (12 Parcels) and existing improvements located at the northwest corner of north Beach Street and Dr. Mary McLeod Bethune Blvd.
Land - Waterfront
Monroe
14.15 acres including 11.84 acres of upland and 2.31 acres of submerged land. On site single family residence used as office, snack shop and marine with 15 slips+fuel capabilities
Develop lot
Osceola
9 residential lots, model, speculative and former pre-sold single family detached
Land
Pasco
350.3 acre CDD site entitled for 726 SFR lots, 180 town homes, 70,000 sf office + 10,000 daycare.
Condominium
Volusia
7 story bldg. W/2 units per floor. Condo size 2,249 sf to 2,804 sf. 4 units sold and closed
Land
0
2 subdivisions Arlington Cove lots & completed units and Pebblewhite Court completed units - 1 story residential attached villa projects.
land/waterfront
Pinellas
Development of 5.26 acres of which 1.58 is submerged.
Land
Pinellas
9 residential lots on 3 acres for development
Land
Polk
Project completed. 240 residential lots
Residential Condo
Palm Beach
Ocean view condo. 3 units Construction completed. Each unit is approx 5,000. Garage parking.
Land
Lake County
168.9 acres raw land consisting of 5 contiguous parcels. Zoned LDR.
Land
See note
Collateral consists of 128 lots and 6 homes (19 in Palm Bay, 5 Port St. Lucie, 12 North Port, 65 Port Charlotte, 9 Ocala and 24 others.)
Security Interest in Assessments
Highlands
860 lots in Unit A and C, lots were appraised at $20M(a38), $31M(143), $33M(43), $43M (536) value based no appraisal as of August 1, 2007 would be $31,694.105. However, lots are all owned by individuals or lic's. Lots that foreclosed will be available for sale for approx. $2500 (current assessment and foreclosure cost) with the assumption that new owner will keep assessment current.
Raw land
Sarasota
14 acres of raw, waterfront property, zoned residential.
N/A
N/A
N/A
1-4 Family Residence
0
17 lots and 3 houses in Bristol Cover at Deer Creek and 12 lots and 2 houses in harmony Subd. + 10 lots in Belle Meads and 9 lots in Loch Leven
Church
Orange
Church building @ 8,000 sq ft.
1-4 Family Residence
Osceola
12 lots for townhome construction and 6 completed townhomes units in Vila Sol.
Single family Condo/ Townhouse
Pinellas
6 condo units located on intercoastal waterway canal. Isle of Capri
Raw Land
Pinellas
1.35 acres zoned for construction of townhomes
Raw Land
Hillsborough
32.8 gross acres, zoned residential; PD approved for 42 SFR and 42 townhomes. Fully permitted
Raw Land Contiguous with # 69 - See notes
Hillsborough
16.24 gross acres, zoned commercial. Contiguous with #69. Additional 8 acres pledged for a total assemblage of 38 contiguous acres in South Tampa
Single family Condo/ Townhouse
Pinellas
15 spec townhoms; 48 improved lots. New appraisal due by July 20th. One just sold for $259,900
Raw Land Contiguous with # 66 - See notes
Hillsborough
16.24 gross acres, zoned commercial. Contiguous with #66. Additional 8 acres pledged for a total assemblage of 38 contiguous acres in South Tampa
Hotel/Motel
Pinellas
40 room beachfront hotel. Completely renovated in 2007
Other
Residential Condo
Orange
188 unit apartment. 19 - 2 story buildings on 10 acres. Converted to condos.
Raw Land
Sarasota
2.5 acre site near downtown Sarasota.
Single family Condo/ Townhouse
Manatee
2 Unit fee simple residences
Marina
Pinellas
144 slip marina with 202 indoor/outdoor boat racks. Direct access to the Gulf of Mexico. Includes club house and other marina amenities
Raw Land
Pinellas
2.67 acres with direct water view of Clearwater Bay. Former motel was demolished for future 267 hotel site.
Other
Pasco
4.92 acres.75 unit mobil home park, laundry facility and office. Rental income for FY 2007 $163K.
Other
Citrus
4.56 acres. 48 unit mobile home park with 12 park owned homes, 17 lots rented to mobile home owners, 11 vacant home sites and 8 RV pads.
Land Development
Franklin
52 out of 60 lots remaining. On Carrabelle River. Approx. 45 miles SW of Tallahassee.
Auto-dealership
Hillsborough
32,885 sf auto dealership. 2 buildings on a 5 acre site including showroom.
Industrial warehouse
Pinellas
5 Units remain in a 25 unit complex, 84,983 sf.
Raw land (undeveloped)
Lee
20.86 acres of vacant undeveloped. Zoned AG-2. Located 20 miles inland along Caloosabatchee River, Direct access to the Gulf.
Raw land
Pinellas
0.92 acres of developed land behind Chetters restaurant. Zoned commercial.
Raw Land (Undeveloped)
Hernando
Multiple parcels with Gulf access. LIS Pendens files 9/8/08
Raw Land (Undeveloped)
Indian River
3 parcels in Brooksville. Zoned for 12 lots. One parcel in Reunion.
Single family condo/Townhome
Pasco
Consists of 54 luxury units. 28 units are built, 11 sold, 17 remaining.15 100% complete.
N/A
N/A
N/A
Raw Land
Pinellas
17.3+ acres on Keystone Road. Site could be rezoned with 9.9 acres for senior housing and 7.4 acrees for SFR.
Developed Land/Deveoped lots
Pinellas
Approx. .25 acres of developed land with views of the Gulf of Mexico.
Orlando Affiliate Numbers 201 - 276
Commercial
Duval
7917 Atlantic Blvd. - 4 office/warehouse buildings (2 complete & 2 under construction)
Land
Brevard
1225 Jaslo St. Palm Bay, FL 32909. 9.65 AC raw undeveloped land, fully entitled 96 townhouse/condo
Residential
Miami-Dade
717-741 Valencia Avenue, Coral Gables, FL 33134. 3 two-story apartments and a SFR.
Land
Nassau
South of SR 200 in Yulee, FL-Raw undeveloped land. Raw land that is zoned for 100 townhome units.
Residential
Flagler
Lot 206, 499 Sweetgum Lane, Palm Coast, Fl 32137
Residential
Flagler
Lot 25, 239 Conservatory Dr Palm Coast, Fl 32137
Residential
Lake
Lot 156, 16001 Volterra Point Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 30, 16806 Artimino Loop, Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 360, 15207 Pendio Dr, Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 368, 15129 Pendio Dr., Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 45, 16209 Pendio Dr., Bella Collina Sub, Montverde, Fl
Residential
Lake
Lot 89, 17047 Crete Way, Bella Collina Sub, Montverde, Fl
Residential
Duval
Blue Lake Estates, Phase 2, consisting of 99 SFR lots, located east of Chaffee Road, North of 103rd St - 99% complete.
Residential
Lake
The 131 developed single-family residential lots (12 lakefront lots & 119 non-lakefront lots) is approx 1 mile south of State Road 50 on the west side of Bay Lake Road (CR 565), which is approx 1.2 miles southwest of central Mascotte, and 3 miles northwest of the city of Groveland, 8 miles northwest of central Clermont, 3 miles east of the Lake/Sumter County line, and 30 miles west of central Orlando.
Residential
Osceola
4 single-family houses within Poinciana, FL
Residential
Osceola
139 BIG SIOUX DR , Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
Osceola
103 ATHABASCA DR, Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
Osceola
100 BIG BLACK DR , Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
Osceola
504 BIG BLACK Way, Kissimmee, Florida 34759. 3/2, 1,844 square foot single-family house.
Residential
St. Johns
104 Strong Branch Drive - Spec Home, 92% complete.
Residential
Clay
Residential
Clay
19 SFR lots in Magnolia Pt. Golf & Country Club, Green Cove Springs, FL
Residential
Clay
2180 Autumn Cove Circle, Orange Park, FL. 100% complete single-family spec house.
Residential
Clay
3687 Oglebay Drive, Green Cove Springs, FL. 100% complete single-family spec house.
Residential
Clay
9 SFR lots in Eagle Landing @ Oakleaf Plantation, Clay County, FL
Residential
Marion
Residential
Marion
SE 145th St & SE 25th Ave., Summerfield, Marion County, FL - 7 lots in an 8-lot subdivision.
Residential
Marion
2399 SE 145th Loop, Summerfield, Marion County, FL 34491 - 4,627 SF SFR.
Mobile Home Park
Volusia
1141 North U.S. Highway 1, Ormond Beach, Fl 32714-30 Space Mobile Home Park
Residential
Orange
9202 Cromwell Park Place, Orlando, Florida 32827 - 100 % complete spec house located in Lake Nona Country Club.
Residential
Orange
Lots 16, 22, and 26, Bellanona Grande Estates in the Lake Nona area.
Residential
Orange
Lot 16, Lake Nona, 9700 Blandford Road in Lake Nona Country Club
Residential
Orange
9203 Sloane Street, Lot 18, Lake Nona Country Club
Residential
Volusia
134 Neal Dr. Deltona, Volusia County, FL 32738 (1,912SF SFR)
Residential
Volusia
Lots 40,41,& 42 on Lancaster Avenue in Orange City, Volusia County, FL (Parcel #09-18-30-02-18-0400 )
Residential
Volusia
2074 S. Parkton Drive, Deltona, Volusia County, FL 32725 (1,684SF Uncompleted SFR )
Residential
St. Johns
NE quadrant of SR 312 and Mitzell Rd in St. Augustine, Fl. Subject is a proposed 20 building (4 units each) town home-style condo in St.Augustine. Two buildings built, 7 units not sold.
Residential
Brevard
742 Bayside Drive; Unit 404B; Bayside Condo, Cape Canaveral, Brevard County Fl (2,013SF Condo Unit)
Residential
Georgia
Lot 365, Overlook Lane; St. Mary's; Camden County; GA 31558 (SFL in Cumberland Harbour)
Residential
Osceola
7837 Palmilla Court, Kissimmee, Osceola County, FL 34747-6417 (Lot 113)
Residential
St. Lucie
141 SE Fiore Bello, Port St. Lucie, St. Lucie County, FL 34952 (Lot 6) located in Tesaro
N/A
N/A
N/A
Residential
St. Johns
Old Moultrie Road & Lewis Point Road. Development completed & platted for 14 town home buildings of 6 units each. One building completed & 50% sold
Residential
St. Johns
3 Townhomes, Moultrie Village Lane
Commercial
Orange
7,494 SF Office Bldg, 2304 Aloma Ave. - Occupied
Commercial
Orange
5,560 SF Medical Office Bldg, 55 W. Columbia St. - Vacant
Commercial
Orange
6,182 SF Medical Office Bldg, 61 W Columbia St. - Vacant
Dockaminium
Okaloosa
770 Harbor Parkway, City of Destin, Okaloosa County, FL 32451 (26 Wet Boat Slips Marbella Condo Marina)
Residential
Lake
40.18 Acres with PSP approval for 90 residential lots and 27.39 Acres (50% developed with 91 residential lots and 9 developed lake front lots within Lake Jackson Ridge Subdivision west of SR 33, Mascotte, FL and south of Centenial Parkway.
Residential
Flagler
SFR Lots 140 & 147 - The Conservatory @ Hammock Beach; 277 Conservatory Drive & 313 Hibiscus Way, Palm Coast, FL 32137
Residential
Lake
SFR Lot 316 - Bella Collina; Trivoli Circle, Montverde, FL 34756
Residential
St. Lucie
SFR Lot 35 - Tesoro; 155 S. E. Via Lago Garda, Port St. Lucie, FL 34990
Mobile Home Park
Volusia
2450 South Ridgewood Avenue-Mobile Home Park
Residential
Lake
31 lots in Summit Ridge @ Spring Valley/Tamarack Boulevard, Clermont, FL
Residential
Lake
Lot 28 (SFR) Summit Ridge, Clermont, FL; 13300 Tamarack Boulevard, Clermont, FL 34711- 1,873 S. F. Spec Home
Residential
Duval
6 townhomes-100% complete and 12 lots in Leslie's Hideaway.
Commercial
Osceola
1213 North Central Ave., Kissimmee, Fl 34741 - Church
Land
Marion
The subject property is located on the northeast corner of Silver Road and Oak Road in Ocala, Marion County, Florida. (151 acres of land. Parcel A represents the southern land tract (parcelID number 37506-000-00) which represents 128.80± acres on the northern side of Oak Road and Silver Road. Parcel B represents the land tract (parcel ID number 9006-000-03) which represents the land surrounded by the Country Club at Silver Springs Shores golf course)
Residential
Lake
Lot 95 & Lot 102, Bella Collina, Lake County, Fl
Land
Seminole
5 contiguous parcels that make up approximately 12 Acres site on northeast corner of Sanford Avenue and Airport Blvd. in Sanford, FL. Rezoned GC-2 in August, 2008.
Residential
Hernando
Located on the east side of Interstate 75, west of Croom Rital Road and north of Cortez Blvd. in Brooksville, Hernando County, FL 34601 (172 Lots & 49AC of Land)
Commercial
Duval
9.1 acre parcel of land that is a owner occupied plant nursery/distribution facility with a 4M SF office/warehouse & 30M SF greenhouse. The subject property is located in the northeast quadrant of Baymeadows Road and SR9A in Jacksonville, Duval County, FL
Commercial
Sumter
9734 South US 301, Bushnell, FL - Church
Various
Commercial
Orange
227 N. Magnolia Orlando, FL - 14M SF office building in downtown Orlando just south of Robinson St. - Cole Building
Commercial
Orange
6905 Municipal Dr Orlando, FL - retail strip center and convenience store on the corner of Municipal Dr. and International Dr. - International Corner Plaza
Apartments
Orange
1409 to 1413 Catherine St Orlando, FL - 12 Unit apartment complex - Shady Tree Village Apartments
Apartments
Orange
3585 to 3619 Khayyam Ave Orlando, FL - 19 unit apartment complex - Pines Apartments
Residential
Orange
401 Niblick Ave Orlando, FL - 5,589 SF, Multi-Family Home (6 units)
Residential
Osceola
Lot 165 (SFR) - 354 Muirfield Loop, Kissimmee, FL 34747 - 4Bdrm 4.5bath 4296 sf 2 car garage - Reunion West Villages North
Residential
Orange
36 South Van Buren Avenue, Orlando, Fl 32811. 100% complete single-family residential spec house.
Residential
Orange
48 South Van Buren avenue, Orlando, Fl 32811. 100% complete single-family residential spec house.
Commercial
Orange
7490 W. Colonial Dr. - Gas Station/CarWash
Residential
Volusia
4.4 Acres Raw Land at 1405-1431 S Atlantic Blvd, Daytona Beach, FL
Commercial
Seminole
921 Douglas Avenue, Altamonte Springs, FL 32714 - 16,000 SF Office Building, partially owner-occupied.
Residential
Volusia
2801 Hill Street (@ 18th Street), New Smyrna Beach, FL. 94% complete; 11 unit condominium building on the beach.
Residential
St. Johns
Northside of Lightsey Rd in SE St. Johns County, FL - 86 lots
Residential
Flagler
8.33 Acres McCormick Drive, Palm Coast, FL - Condominium Development
Land
Polk
Vacant Land at the NW Quadrant SR 27 & Four Corners Blvd., Polk County, FL
Residential
Seminole
1768 Brackhurst Place Lake Mary, Fl 32746 4Bdrm 4.5 bath 6249 sf SFR with 4 car garage
Residential
Seminole
Five scattered SFR lots (1,14,15,24,30) in Carisbrooke Subdivision located in the SW quadrant of Markham Woods Rd and Longwood Markham Rd, Lake Mary, FL 32746
Residential
Orange
2787 Upper Park Rd. Orlando, Fl 32814 2Bdrm 2.5 bath 2,045 sf Townhouse 2 car garage Baldwin Park
Residential
Orange
5085 Latrobe Dr. Windermere, Fl 34786 4 bdrm 4.5 bath 3,735 sf single family 3 car garage golf front Isleworth
Residential
Osceola
1989 Estancia Cr. Kissimmee, Fl 34741 3 bdrm 2.5 bath 1,761 sf townhouse 2 car garage
Residential
Osceola
1995 Estancia Cr. Kissimmee, Fl 34741 3 bdrm 2.5 bath 1,761 sf townhouse 2 car garage
Residential
Seminole
1129 Travertine, Sanford Fl 32771 3bdrm 2.5 bath, 1,687 sf Townhouse 2 car garage
Residential
Volusia
647 Woodford Dr. Debary, Fl 32713 4 bdrm 3.5 bath 2,816 sf single family 3 car garage
Residential
Volusia
651 Woodford Dr. Debary, Fl 32713 3 bdrm, 2 bath 2,009 sf Single family 3 car garage
Commercial
Orange
Located on the southeast corner of North Magnolia Avenue and East Marks Street, Orlando, Orange County Florida 32803. The subject includes the following street addresses: 107 Granada Court; 839 North Magnolia Avenue; 845 North Magnolia Avenue; 110 East Marks Street; and 114 East Marks Street, Orlando, Orange County Florida 32803. (The site is partially improved with a 2,538 SF building and Land)
Commercial
Orange
Located on the northeast corner of North Magnolia Avenue and East Marks Street, Orlando, Orange County, Florida 32803. The subject includes the following street addresses: 901 North Magnolia Avenue and 109 East Marks Street, Orlando, Orange County, Florida 32803. (The site is partially improved with a 672 SF and a 1,560 SF buildings)
Land
Lake
SW corner of Wolf Branch and Round Lake Roads in Mt. Dora, Lake County, FL ( 167AC of Land)
PACKAGE # 5-24 – STATUS – available 5/05/09
NON- Performing Multi-family Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 65to 80% of their face value.
1) 21 Units, Location CT
2) 24 Units, Location CT
3) 60 Units, Location CT
4) 84 Units, Location CT
5) Mixed use, Location NJ
6) 72 Units, Location NJ
7) Mixed use 18 Units, Location NJ
8) 7 Units, Location NJ
9) 25 Units, Location NJ
10) 13 Units, Location NJ
11) 5 Units, Location NJ
12) 7 Units, Location NJ
13) 5 Units, Location NY
14) 28 Units, Location NY
15) 16 Units, Location NY
16) 11 Units, Location NY
17) 10 Units, Location NY
18) 6 Units, Location NY
19) Mixed use 2 commercial and 6 Units, Location NY
20) 10 Units, Location NY
21) 7 Units, Location NY
22) 9 units , Location NY
PACKAGE # 5-25 – STATUS – available 5/05/09
NON-and Performing Notes for Sale
1) SFR, GA, Performing
2) SFR, GA, Non-Performing
3) SFR, TX, Non-Performing
4) Business, CA, Non-Performing
5) Vacant Land, UT, Performing
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