Steve St.George
Walnut Creek, CA (USA)
Role(s):
Founder/Owner/Principal
St.George Realty
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Startup
Location:
Walnut Creek
Industry:
Real Estate
Year Founded:
2005
Number Employees:
1-10 people
Description:
I have a client looking to purchase an established auto dealership and real property.
The client needs help to complete the purchase of the property. The client is willing to pay above market interest rates or provide shared equity to the complete purchase.
Details:
*10+ Acres
*77,000+ sq. feet of building space
*Built 2004
*Sales Price of Real Property $13,500,000
*Appraised Value estimated at $17,300,000 based on cost of land in the area and replacement cost of the buildings. Professional appraisal to be performed upon letter of intent.
*Need combined $13,500,00. Have 70% first mortgage available from private equity investor, but willing to borrow all funds from one source, if desired. Thus, loan amount requested is anywhere from $2,000,000 in 2nd lien position to $13,500,000 in first lien position.
Key factors:
·Secured by $17.3mm property and $3.5mm in fixed assets
·Limited going concern risk as Franchisor oversees inventory, financials, training, education, and if need be, resale of the dealership.
·Room for operational improvement, as current owners are hands off and divided, thus resulting in no oversight and poor employee moral. Projected annual sales to be over $1,000,000 per year after debt service.
Founder/Owner/Principal
St.George Realty
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Investor
Location:
Range:
Below $10k - $10 Mil
Investor Type:
Capital Broker
Accredited:
Yes
Description:
Funding Types:
- Equity Funding (VC, Angel, PE)
- Alternative/Creative Finance
- Secured Loan
Industries:
Investment Regions:
Founder/Owner/Principal
St.George Realty
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Service Provider
Location:
Description:
CPA, REALTOR® and Mortgage Broker helping others acheive their Commerical and Residential Real Estate and Finance goals.
Services Provided:
- Capital Broker
- Real Estate