Raul perez
Miami, FL (USA)
Role(s):
Other
Investment Real Estate Notes
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Startup
Location:
Miami
Industry:
Investing
Year Founded:
2008
Number Employees:
1-10 people
Description:
A number of Banks and other institutions have been shedding what they consider to be bad loans as quickly as they can can in order to get cash infusion. Some have written down loans 50% and greater in order to get rid of what they consider to be marginal, bad and toxic loans. We find this projects encoumbered by these loans and then acquiring the loans. We as an entity acquire the loan for less than 50% of the amount of money that has been dispersed is now in a position to finish the project, and if the borrower is an honest and decent person, knwowledgeable in what they are doing, We will enter into a joint-venture or partnership agreements under which the original borrower finishes the project. The new money together with a god interest rate comes out first, and then the profits are split on some basis. This are construction loans for developers and condo convertions that to give an example a developer borrowed 33million dollars the development was for 50 units condos 2 and 3 bedrooms finished to be sold lowes price below market at $80,000 to $120,000 per unit pluss developed land for another 550 units, that Note sold for $6 million. there is a great deal of money to be made we as a company have the ability to find the deals, negociate with the Banks and the owners to bring about the completion of the business. THE BANKS HAS THE BAD DEBT OF THE BOOKS, THE BORROWER HAS HIS PERSONAL GUARANTEED SALVAGED, ALSO FINESHES PROJECTS AND MAKES A RETURN, AND WE EARNE HIGH INTERES PLUSS A PIECE OF EQUITY. THIS WINDOW WILL BE GOOD FOR THE NEXT 24 MONTHS. ANY INTERST (URL removed)L TO (URL removed)