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Our Deal Criteria
We acquire real estate or debt from sponsor/developers, builders or lenders. We acquire deals from $2 to $100 million with a strong preference for:
• Failed condo conversion projects;
• Unsold or partially sold new construction;
• Partly completed new condo development;
• Notes in default (both mezzanine and first mortgages);
• Bankruptcy or foreclosure judgements.
• Master Planned Communities.
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ACQUISITION CRITERIA |
PROPERTY TYPES |
For-Sale Residential Inventory, Fractured Condominiums, Multi_Family Residential, Vacant Developed Lots, In-fill Development Sites, Partially Completed Projects |
| TRANSACTION TYPES |
Non-Performing Loan Acquisitions, Bulk Inventory Purchases, One-off Single Units, Workout and Recapitalizations, Development Bonds (A&B) |
DEAL SIZE |
$2 Million to $100 Million |
GEOGRAPHIC FOCUS |
Florida |
LEVERAGE |
0% - 60% |
TYPICAL HOLD PERIOD |
3 - 7 years |
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