Mike Rivera Naples Fl Realtors, Listing broker for 30 yrs, Just Sold! 49...

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

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.

ASSESSMENTS ARE ALL IN AND PAID ON ALL 4 BUILDINGS

ask for confidentiality agreement. Or leave message at 206-350-8675

Mike Rivera at Embarqmail. com

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 

206-350-8675
MikeRivera  AT     Embarqmail.com
Mike Rivera, Ferrer & Associates

Bulk sales Southwest Florida 8 / 2012

 
Bulk sales Southwest Florida

Naples / Marco Island

PRICE:  MAKE REASONABLE OFFER TO BANK

Bank OREO Bulk sale of  6 NEW VILLA UNITS Naples FL next to Marco Island
GATED PUD  
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.


Financial:

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

206-350-8675

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.

Off Market to Investment grade Grocery anchors

Publix Credit rated Institutional Investments

For the private client, family office or Fund.

Summary:

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

acquisitions BASED ON CURRENT RATE RATES NOT FUTURE RENTS.

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

124 unit Bulk sale New construction to be built

124 unit Bulk sale New construction to be built will be sold building by building 12 units per building by the developer.





Builder sold all existing units . Would build to order @ a favorable price 12 @ a time against money placed in escrow. 124 blank unit pads remain.



five buildings were completed at Palmetto 56 units. A garden enclave set amidst preserve areas and a lake, Palmetto Cove features two-story buildings with two distinctive floor plans of 1,317 to 1,671 total square feet starting in the low-$100,000s. Luxury details such as 10-foot ceilings, granite countertops, raised panel cabinetry, hurricane impact glass and tray ceilings are among the standard features that, combined with the McGregor location, insure tremendous value. The condominium homes come with detached garages and private lanais that are designed to accommodate summer kitchens

Unit size HOA($299)

1312	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1316	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1317	2	2	1	landscape	Carport	I	1,317	$299	$900	$99,900	SOLD
1322	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1323	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1326	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1327	2	2	2	landscape	Carport	I	1,317	$299	$900	$99,900	SOLD
1412	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1413	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1416	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1417	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1422	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1426	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1311	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1314	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1315	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1318	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1321	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1324	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1325	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1328	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1411	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1414	3	2	1	landscape	Carport	I	1548	$299	$1,000	$119,900	SOLD
1418	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1421	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1424	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1425	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1428	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
113	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
116	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
117	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
122	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
126	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
127	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
1022	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1023	2	2	2	water	Garage	C	1,317	$299	$950	$120,000	SOLD
1025	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1123	2	2	2	water	Garage	I	1,317	$299	$950	$129,900	SOLD
1125	2	2	2	water	Garage	I	1,317	$299	$950	$129,900	SOLD
1126	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1127	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
111	3	2	1	preserve	Garage	C	1,548	$299	$1,025	$132,000	SOLD
115	3	2	1	preserve	Garage	C	1,548	$299	$1,025	$142,900	SOLD
118	3	2	1	preserve	Garage	I	1,548	$299	$1,025	$142,900	SOLD
1011	3	2	1	water	Garage	C	1,548	$299	$1,025	$154,900
1012	2	2	1	water	Garage	C	1,317	$299	$950	$145,900
1021	3	2	2	water	Garage	I	1,548	$299	$1,050	$154,900	PENDING

Regards,
Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-770-6257 Cell
239-775-2066 Fax

New 5 Unit 3+2 townhome Bulk sale southwest fl,Bonita Springs

3 unit Bulk sale OREO bank owned at Bonita Springs, FL 34135 with 2 available approved shorts in the same building an HOA. you would own the HOA for the 5 units.

3 units only $267,000

Value $135,000 each approximate Bank asking $89k each

Townehouse Community

Beds 3 /3 baths
Living Area 1469
Price/Sq Ft $61.20
2007

BANK OWNED & READY TO BE SOLD! The units is located in a quiet neighborhood close to I75 and US41 that provides easy access to Bonita Beach, Naples and Fort Myers. The townhouse is in fantastic condition which feature 3 bedrooms, 2.5 bathrooms, 1 attached car garage with lake views. All the bedrooms are located on the second floor. The kitchen features raised panel cabinets, and solid counter tops. Kitchen over looks the living room. There is tile flooring in the main living quarters and carpet in the bedrooms. As you walk into the Master bathroom you will notice the dual sinks, separate tub and walk-in shower. This property will not last long, this will be gone tomorrow! BANK OWNED & READY TO BE SOLD

















bulk condo units, block condo units, investments (in location), vulture funds
in FL, Miami Metro Area, FL, Naples Metro Area, FL, Palm Beach Metro Area, sarasota fl

Bulk REO - Bulk REO's are foreclosed properties owned by banks that are packaged together, and sold at steeply discounted prices. These properties can be purchased at a fraction of the cost. Selling properties in Bulk REO is the most efficient way for banks to balance their financial books while remaining in compliance with Federal and State bank regulations. Bulk REO investing can be extremely profitable. Bulk REO's are affordable-with prices below MLS listings, below BPO, cheaper than private sellers, cheaper than auctions at the courthouse, and at a fraction of any approved short sale price. This is an opportunity unlike any other. Bulk REO requires at least $1M cash investment with proof of funds.
We do not work with other brokers prices and cheap and low and so are fees. not enogh to go around. If you are a resale broker and not looking to make a commission on the buy side. Then we can work together

High-end Aqua condo development in North Naples Closes

Aqua Naples Fl Bulk sale.

Aqua Pelican Isle Yacht Club Naples Florida Real Estate

Aqua, the super luxurious High Rise in North Naples fl, closes last month in excess of $34.5M for 35 units and 130,000 sq ft remining and 25 deepwater slips plus 5 acre parcel to construct tower 2 and 35 more Bay-waterfront, oceanview units, a Class AAA Diamond. 3 of my own buyers made offers on the asset to Regions bank from 27M to 38M in 2009 prior to its releases on the open market in 2010.


The project ended up in the hands of its lenders after the project’s developer, EcoVenture Wiggins Pass Ltd., filed for Chapter 11 bankruptcy to reorganize in June 2008. The bankruptcy case is ongoing.

Others purchased condos before the first building was completed, but later walked away from their contracts because of market conditions and the developer’s financial troubles.

The first building, completed in December 2008, has 48 units/ 28 slips and 5 cabanas. At one time about half of them were under contract. There are no contracts pending, but interest has been growing, Kendall said.

In January, Stratea, a consulting group, was hired by Regions Bank, the lead lender on the project, to handle the sale of the building and its condos.
Five condos were sold at Aqua, generating more than $20 million in sales in 2009 as one off sales.

Buyers include Brad Anderson, the former CEO and vice chairman of electronics giant Best Buy, who purchased two penthouses for $11.75 million in the name of a trust. The penthouses were combined into one condominium stretching about 12,000 square feet.

At the higher end, another sale was made for nearly $4.9 million in March 2009, according to Collier County property records.

The comparable salea at the time of this closing (2010/2011) in my underwriting and analysis of the asset looks like this.

Avg 314 per foot / Bulk sale close at 270 per foot.

Not much off a discount for a class AAA property, if you look at it with one way, vulture glasses but it is a rare find and should exceed mid 20% ROI when tower 2 is built or the land asset is sold off.

Total Contract Price	Sold Price Per Sq Ft
$1,045,000	$291
$1,569,000	$396
$1,359,000	$343
$1,044,000	$297
$1,495,000	$327
$1,350,000	$384
$266,400	$600
$1,675,000	$477
$1,250,000	$315
	$314 avg

Call Mike Rivera for other off market opportunities. I deal with investors from Canada to Germany and south America and of course local US hedge funds and other investment vehicles.
many of these assets proir too are debt sales and requre the buyer to pay my broker fee. if you do not agree or understand this concept and how it saves you money by provide net offer to the seller and access to the asset. This type of deal is probably not for you.
if you do understand how this works please provide your brochure on your company it's structure, how it is financed and maybe an example of recent closings. which shows performance.

Contact Mike Rivera for more information on the above assets. or other Naples fl condo bulk sales.

Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl

954-957-3134 Office
239-770-6257

Mike Rivera, Ferrer & Associates,LLC