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

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