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New York - 10 properties
BPO: $4,948,397
Price: $2,820,586
57% LTV
Bronx, Brooklyn, State Island, Long Island
New Jersey - 5 properties
BPO: $1,120,000
Price: $638,400
57% LTV
Vero Beach, FL
112 Acres/267 units planned
Price: $2,999,000
Original Cost: $14,968,000
20% LTV
Site includes a total of 112 gross acres. The subject property is approved for 267 unites planned residential development, including 177 SFH's and 90 townhouses. Reflective density of 2.37 units per acre. Project approved by city of Vero Beach and $2.5M impact fees have already been paid and are transferable. Vero Beach has agreed to renew all permits as needed. This project is selling for pennies on the dollar for just the land value today, not including the due diligence and permitting. Other sites in the area for sale are 75 acres for $4.5M and 135 acres for $8.4M with no permits or approvals.
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California - 68 properties
BPO: $11,178,966
Price: $6,595,590
59% LTV
New York/New Jersey - 15 properties
BPO: $6,068,397
Price: $3,458,986
57% LTV
California - 27 properties
BPO: $5,217,000
Price: $2,399,820
46% LTV
Nationwide - 629 properties
BPO: $31,492,102
Price: $6,928,262
22% LTV
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Mid West - 387 properties
BPO: $20,000,000
Price: $5,000,000
25% LTV
Source: Direct to Seller's Rep
California - 171 properties
BPO: $34,511,050
Price: $20,361,519
59% LTV
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Arizona - 54 properties
BPO: $14,970,850
Price: $8,832,801
59% LTV
There are 39 finished lots and buyer must purchase $5M at 26% LTV ($1,250,000) + 3 pts to be included with the 54 properties.
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Naples, FL - 45 units
BPO: $16,490,000
Price: $6,536,250
39% LTV
2-acre lake, which affords lakefront views from almost all units. with 22 - 2/2 at 415,000.00 FMV and 23 - 1/1 at 320,000.00 FMV.
Source: Direct to Seller's Rep
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St. Augustine, FL - Marina
Est. Completion Value: $33,000,000
Price: $9,000,000
27% LTV
Great Marina location in beautiful historic St. Augustine, Florida. Approved Developer's plan for 312 boat slips on a “Rackominium”. The site and basin work is approximately 95% complete and the developer is in position to commence construction. The facility will take approximately six months to construct once the decision has been made to move forward. Just in time for the busy Florida boating season.
Investment Property. NCND, LOI/soft POF required
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