The following properties recently became available:
Denver – 18 properties
BPO: $25,122,062
Price: $10,500,000
42% LTV
Developer blowout. NCND, LOI/soft POF required
Source: Developer
New York City – 12-Story Building
BPO: $90,000,000
Price: $33,300,000
37% LTV
12 stories located in mid-town Manhattan. A number of improvements have been completed on this building, including the renovation of the lobby. The asking price is $45,000,000. According to the bank, this building could appraise for $90,000,000. Building can be converted into condo apartments.
Bulk REO. LOI/soft POF required.
Source: Direct/Developer
Please contact me at bobbaumandeals @ gmail.com whether you’re interested in these particular packages or something we can custom compile for you. We’re regularly getting inventory directly from the developer or REO packages from the bank and if we know in advance what you’re looking for you’ll be among the first to be notified. My contact is direct to the developer on both these properties and they’re ready to go. Thank you for your consideration.
Filed under: REO, commercial real estate, condos, real estate | Tagged: denver, New york city, REO
I think it will be another 2 years before the US housing market even reaches the bottom. From there, slowly but surely the market will go up.
But it will definitely take some time.
- Sherry -
Reliance Home Solutions