Sunday, August 8, 2010
450K in Surgery loans
Bariatric Surgery loans. Yield will be up to 21%. Almost all notes have cosigner backstop. Excellent Credit profiles.
Tuesday, June 8, 2010
The Mark Hotel loans for sale totalling $350- $400 MM
Hotel mortgages for sale:
Anglo Irish New York Corp. is quietly selling loans on three upscale hotels owned by for Alexico Group for a combined total of $350 million to $400 million, industry sources said.
It was unclear if Alexico had defaulted on one or more of the loans associated with the properties, which are The Mark Hotel on East 77th Street, The Alex Hotel on East 45th Street and The Flatotel on West 52nd Street. But sources familiar with the deal said the prospective buyers were only interested in the mortgages because they hoped to own eventually foreclose on Alexico.
Anglo Irish New York Corp. is quietly selling loans on three upscale hotels owned by for Alexico Group for a combined total of $350 million to $400 million, industry sources said.
It was unclear if Alexico had defaulted on one or more of the loans associated with the properties, which are The Mark Hotel on East 77th Street, The Alex Hotel on East 45th Street and The Flatotel on West 52nd Street. But sources familiar with the deal said the prospective buyers were only interested in the mortgages because they hoped to own eventually foreclose on Alexico.
Tuesday, March 30, 2010
Low income housing near Sao Paulo airport
Investor Seeks invesment up to the sum of US$ 10,600,000 to fund 75% of the initial startup costs associated with the construction of low income housing units.
The funds will be deployed for the purchase of the land, planning costs and legal fees representing approximately 11.7% of the proposals total sale value. A 5% management fee based upon the initial investment will be levied over the project life. The associated cost will be levied over the project life.
Project Characteristics
The funds will be deployed for the purchase of the land, planning costs and legal fees representing approximately 11.7% of the proposals total sale value. A 5% management fee based upon the initial investment will be levied over the project life. The associated cost will be levied over the project life.
Project Characteristics
- 3072 units covering 170,00 m2
- Investment time frame is 43 months with 1 project commencing per month for a total of 16 total projects.
- Total sale value of the combined projects is US$ 115,000,000
14,500 Acres of undeveloped land near Pueblo, Colorado
1. August 19, 2008 CB Richard Ellis Appraisal:
A. Hypothetically as Entitled $92,000,000
B. As Is ($3,000/Acre) $44,500,000
2. Option - Expired December 21, 2009
($2,100/Acre) $30,453,000
3. Current Sales Price ($1,250/Acre) $18,125,000
Terms: Down $9,125,000
Balance $9,000,000
(Payable over 6 years @ 4% interest)
4. Cash Price ($1,050/Acre) $15,225,000
A. Hypothetically as Entitled $92,000,000
B. As Is ($3,000/Acre) $44,500,000
2. Option - Expired December 21, 2009
($2,100/Acre) $30,453,000
3. Current Sales Price ($1,250/Acre) $18,125,000
Terms: Down $9,125,000
Balance $9,000,000
(Payable over 6 years @ 4% interest)
4. Cash Price ($1,050/Acre) $15,225,000
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