Naples Bulk sales, Debt and Bank REO

We are a company directly in touch with FDIC, local banks, builders and other Debt/ OREO sellers. To include 1st position senior debt, Pre- foreclosure sales from the Court steps to the bank direct to you. we broker these opportunistic deals direct to you.
This blog announcement is to give SEC qualified type of buyers a notice and opportunity for qualified buyers to acquire a substantial portfolios of discounted Notes/REO properties at one time or commercial assets as debt or OREO. High end Luxury Jumbo loans/ REO homes or condos on the beach as well.

Mike Rivera,
Ferrer & Associates,LLC

Saturday, November 10, 2012

Hard money for investment properties.DIP funding (Debtor in possession )

Star Capital group SWFL in conjunction with EFO family hedge fund office: we have funds for investment properties, waterfront PUD land entitled  commercial real estate and oil & gas land or leases and alternative energy projects. and most importantly Property (non residential) under foreclosure / bankruptcy proceedings as DIP funding (Debtor in possession )

Acquisitions, Refinance, Debt Financing, State Doc, Full Doc and much more.
Closings on Hard Money within 30 days or less. 
Rate ranges: 
11% TO 13% plus points and legal RESEARCH closing cost Interest only up too 3 years
CONTACT:  Mike Rivera 239-770-6257 or Star Capital GRP at Yahoo . com

Tuesday, August 21, 2012

28 UNITS Bulk condo sale

4 APARTMENT CONDO BUILDINGS TOTALING 28 UNITS IN CAPE CORAL. 18 INDIVIDUAL BUILT AS CONDOS IN 2006 AND 10 UNITS UNDER 1 STRAP . Lennar Home condo style designs in 4 separate bldgs 3 with 6 units and 1 with 10
Buildings built in 2006 and 2007.  Current  GROSS income is right at $198,660 with the 3 vacant units. NET INCOME IS GUESSTIMATED AT 130K .  Buildings are in as good a condition Totals 56 bedrooms and 46 bathrooms.  All tenants pay there own utilities.  Vacant Units need nothing.  All appliances and washer and dryer are there.  Leases are all in place with deposits on occupied units.  Deposits vary per unit.  All units have all tile except 2 units.  Very low upkeep to maintain current condition.  Expenses available upon request.   Very rare opportunity to buy TURN KEY Bulk condos income assets less than 5 and 6 years old.

ask for confidentiality agreement. Or leave message at 206-350-8675
Mike Rivera, Ferrer & Associates 

8 SINGLE FAMILY Residential home Bulk sale

8 SFR home Bulk sale in SWFL.  (southwest Florida)

Price  $1M 
For 8 SINGLE FAMILY homes, 100% rented to Buyers with LEASE OPTIONS!
One of the homes comps out at $250,000 to 300,000 in a gulf access community. 

Current NOI approximation $65,000 

All homes 100% rehabbed in 2010

SWFL  6.5 Cap rate in place with an 11.8% IRR over 10 year hold.
ROI 128%. or 8.6 % per year

NOI $65,000   to     Proforma of    $73k

Retail Market Value $1.4M 

Future value:

Total BTCF Income $ 730,000 in 10 years of Net  cash income

Selling    Price: 2,000,000  to 2,500,000       Year 10  Conservative
Selling Costs:       90,000          Broker fees/ commissions
Net Proceeds:   1,910,000 
Mortgage Balance: 0 

Before-tax Reversion: 1,910,000               
Taxes due on sale:          284,100
After-Tax reversionEq 1,625,900
Minus cost equity  -      1,030.000
sum                              =  $595,900 Profit sale if the asset sells 500ks more add 430k to this 1.25M
Plus Income              + 730,000 Profit Income
Total Profit                  1,325,910                     or        $1,755,000

ROI                                    128.7%
Annualized return             8.6% per year

confidential for principlas only. No Brokers REQUEST CONFIDENTIALITY AGREEMENT

Mike Rivera,
Investment Real Estate Analyst 
Naples Fl 

MikeRivera  AT
Mike Rivera, Ferrer & Associates

Bulk sales Southwest Florida 8 / 2012

Bulk sales Southwest Florida

Naples / Marco Island


Bank OREO Bulk sale of  6 NEW VILLA UNITS Naples FL next to Marco Island
coach home Large Beautiful 3 bedroom plus den, 3 baths with spacious 1st
floor coach
home. 2902 sq ft Two car garage, custom cabinets, Monogram appliances,
granite counter tops and impact glass. Beautiful lake view & community
pool. Decorator ready Needs flooring paint custom extras if desired.


No Income
Gross income Estimated at 129,600.00
exp  30%                                     38,880.00
NOI                                               91,000.00

COMPS:  (Per sq ft)

Total sqft 17,412 interior x avg Mean value 140 = 2,437,680
Total sqft 17,412 interior x avg low value      125 = 2,176,500
Total sqft 17,412 interior x avg High value    170=  2,977,452

Mike Rivera, Former , CIB
Investment Real Estate Analyst 
Naples Fl

Wednesday, May 2, 2012

40 unit Multi family apartment complex / Bulk sale of Units

40 unit Multi family apartment complex 
  • Price: $1,700,000
    Year built: 1987
  • Pro Forma CAP Cap Rate: 8.
    Units: 40
  • Square Footage: 29,000 sqft
    Price Per Foot: $58.62
  • Price Per Unit: $42,500.00

Property Details:

The Apartments is located in Fort Myers, Florida spread across approximately 4.5 acres. The property was built in 1987. The unit mix consists of 40 two bedroom, one bath units with 725 square feet. All units have central heat and air. This asset provides an investor with a value-add opportunity. The current in-place rents are at the bottom of the market providing for the ability to increase rents after occupancy has been stabilized. The property is current operated by an out-of-state owner which makes it very difficult to effectively manage a deal of this size. In our opinion, once the property is stabilized, an investor can expect an increase in Net Operating Income in the short-run while realizing capital appreciation in the long-run. Core location convenient for the location, a close walk to Lowes, Wallmart, Denny's, 3 Gas Stations, burger king Sweetbay. 5 minutes to Ft Myers Beach 2 minutes to Lee memorial health system. excellent workforce housing location.

Friday, March 30, 2012

Off Market to Investment grade Grocery anchors

Publix Credit rated Institutional Investments
For the private client, family office or Fund.
Value add asset. Stable S&P Credit rating AA
Price $8,500,000
NOI 550,000
Cap 6.10%
GRM 16.67
SQFT 69,000
Upside is 11,400 sq ft at current market rates of 9 to 14 per sq ft or $101,000 to $159,000 added
to current $510k in NOI bringing the property to an 7.87% cap TO 8.36% CAP RATE on buyers
And the value ADD to the center 11.150m at 6 cap or 10.2m AT 6.5 CAP RATE.

all Buyers must show proof of funds sign an NCND
Contact List agent- Mike Rivera 239-770-6257
Rivera, Ferrer & associate's - Lic RE broker