dan vecchies
noth tonawanda, NY (USA)
Role(s):
avicor capital corp
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Startup
Location:
noth tonawanda
Industry:
Real Estate
Year Founded:
2006
Number Employees:
INVALID
Description:
we are a commercial real estate company that is seeking to raise capital to invest in sub-performing commercial mortgages. Our advantage is our 30 years experience in real estate and mortgage along with our relationship with over 5,000 real estate owners, investors and developers. our existing team includes (mortgage lending, real estate sales, appraisal, legal, accounting, management, maintenance and construction). Our model is to purchase mortgages pools at 10-20% of loan balance, immediatley sell off to our investor clients individual properties at a discount of 20-30% of fair market value taking a ROI of 3-4 times before expenses. Our investor can receive 15% annual rate of return and/or share in the profit of each transaction.