Thursday, July 1, 2010

FOR SALE: 366 Apts. NOT LISTED

E-mail me for more details and pictures.

Cashnotes2010@gmail.com




Note: This REO Asset is under appeal by borrower. All bids are subject to approval by participating banks
FOR SALE


MIAMI

FLORIDA


366 Units Not Listed


The subject property consists of 366 un-sold units located within an 856 unit garden style apartment complex.

Phase 1 contains 18 three-story buildings which total 504 units.

Phase 2 contains 17 two-story buildings which consist of 352 units.


The facility embarks:

* Club House
* Fitness Center
* 4-swimming pools
* 2-spas
* 2-lighted Racquetball Courts,
* Lighted tennis courts,
* Playground,
* Picnic area,
* BBQ area,
* Car wash Facilities
* All controlled by access gates.

As of the 4th quarter 2009, Dade County Residential Market had a vacancy rate of approximately 6.3%. Vacancy rates are fore-casted to-
stabilize in 2010.

Effective rents are projected to be roughly between $850 to $1,200 depending on the unit.


Court Yard


Lighted tennis courts


lighted Racquetball Courts



Car wash Facilities
Asking Price: 10% Commission PAID by BUYER on Accepted Executed Contract between Lender (s) & Direct Buyer (Purchaser).


Full Disclosed Marketing Agreement Grants NO RIGHTS for Commission from Seller (Lender) to any parties involved hereunto.

Therefore, the 10% Commission fully covers all parties already involved and additional Brokerage fees if required.

Instead, Carlos Properties assisted by INFINITE TITLE SOLUTIONS will pay out any Realtors, Investors, Wholesalers & or Attorneys for Co-Brokering, Joint Venture and or assisting conducting Transaction.




366 individual Folios


LOAN # REO

LOAN AMOUNT $31,000,000








FOR INTERESTED PARTIES ONLY. Buyers are required to provide & disclose Proper and verifiable Proof of Funds (POF) along with Contract Commission agreement to:

I N F I N I T E - T I T L E - S O L U T I O N S

Subject to receiving Buyer’s documentation, Carlos Properties will provide buyer (s) with the topics listed below.

*
2008 & 2009 Appraisals between-
*
$25MILL to $28MILL
*
Promissory Note Documents.
*
Property Management agreement.
*
Judgment documents &
*
Amendment to participation Agreement.



As per Lender’s request, they would like to settle between $15 Million to $16 Million for 366 -units.

As per Carlos Properties request, I suggest to offer as low as possible with the right documentation and POF.

Counter offers will be provided within 72 hours.





LATEST RENT ROLL STATEMENT




Mar-10



Contract


Rents Collected



%
Units

Rents


Mar-10

Occupied Units
Leased - Current

284

Leased - Renewals

9

Leased -With Notice Given

2

Leased - Pending Eviction

0

Total - Occupied

80.60%


295


$295,188.00
$244,895.60


Cannibalized Units

4

Fired Damaged - Out of Service

1

Models & Shops

5

Subtotal

2.73%


10

Vacant Units Available for Rent

16.67%


61


Total - Vacant

19.40%


71

Plus Other Adm. Fees $8,729.88
Funds collected but not dep. ($1,409.00)
Rent Collected for March $252,216.48


Plus Returned Checks $2,626.00

Deposits - per Bank Statement

100.00%


366
$254,842.48



* There were 3 checks returned this month, all 3 were paid.



* 23 units were made ready for move-in; 21 tenants moved-in ,15 tenants moved-out .



* These units are cannibalized and we are waiting for a decision to repair them or keep them as they are.



* This unit has fire damage and we are waiting for a decision to repair it or keep it as it is.























* These units are used as models and maintenance shops, they are not tenant occupied.




The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not
verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its
accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent
the current or future performance of the property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisers. You and your advisers should conduct a careful,
independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.


Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://fastnoteseller.blogspot.com/
http://www.facebook.com/ChristopherWhite2011

Tuesday, June 22, 2010

16 Units in North Fort Myers FL








Short Sale Approved Net ~ $377k

North Fort Myers FL

16 Units. All consisting of - 2bed / 1bath
All units are Currently Vacant.

Laundry House aside the 16 units on picture below.

$11,200.00 (x 12) $134,400.00 16 Units x $700 Rent per month.
$1,416.66 $17,000.00 Taxes
$1,416.66 $17,000.00 Insurance plus wind Coverage
$120.00 $1,440.00 Electrical
$375.00 $4,500.00 Water
$100.00 $1,200.00 Dish Network
$1,000.00 $12,000.00 Property Care Taker + Living Facilities included.
$6,771.68 $81,260.00


Estimated Monthly Income: $6,771.68
Add any necessary deductions as you feel adequate based on your management skills.

$$$$$$$$$

General Parcel Information.
Parcel ID: XXXXXXXXX Property Address:
Old Parcel ID Number: 00XXXXXXXX Property Zip Code:
Business Name: XXXXXX APARTMENTS Section-Township-Range:
Map Number: XXXX Zoning Code: RMF10
Current Use: MULTI-FAMILY 10 UNITS OR MORE Roads: PAVED
Future Land Use (Comp. Plan): HIGH DENSITY RESIDENTIAL Taxing District: 104
Utilities: WATER Market Area / Neighborhood: 03 /25
Waterfront: NO SOH Base Year:
FEMA Flood Zone (Effective 5/5/2003)
Firm Panel Floodway SFHA Flood Zone FIPS COBRA Community Base Flood Elevation (ft.)



Ownership Information
Owner Name: XXXXXXX
Address: XXXXXXX

Ownership current through: 6/9/2010

Sales Information
Date Book/Page Sales Codes Selling Price
12/1994 IMPROVED $125,000
11/1998 IMPROVED $375,000
2 /2002 IMPR-MULTI $470,000
1 /2004 IMPR-MULTI $725,000
2009 Value Summary*


Land


Land
Improvements


Building


Damage


Total
Cost Approach $86,340 $5,612 $631,116 $0 $723,068
Income Approach $1,270,750
Market Approach N/A
Classified Value N/A
2009 Certified Tax Roll Values, as of January 1, 2009
*Just Value reflects 193.011 adjustment.


Non-School


School
Certified Just Value: $614,608 $614,608
Certified Assessed Value: $614,608 $614,608
Certified Exemptions:

Certified Taxable Value: $614,608 $614,608

Preliminary Value Summary,* as of January 1, 2009 *
*Preliminary values within this box are NOT certified (final) values. Consequently, they can change periodically as records are updated. Notices of Proposed Property Taxes (TRIM Notice) are typically mailed mid-August and final values certified mid-October. Just Value reflects 193.011 adjustment.


Non-School


School
Preliminary Just Value: $614,608 $614,608
Preliminary Assessed Value: $614,608 $614,608
Preliminary Exemptions:

Preliminary Taxable Value: $614,608 $614,608



Land Information
Line Description Land Use Zoning Unit Type Unit Rate Units Depth Table/ Factor Acreage Land Value
1 MAT 000 0000 0012 0300 32 $7,195.00 1 0 0 $7,195
2 MAT 000 0000 0013 0300 32 $7,195.00 1 0 0 $7,195
3 MAT 000 0000 0014 0300 32 $7,195.00 1 0 0 $7,195
4 MAT 000 0000 0015 0300 32 $7,195.00 1 0 0 $7,195
5 MAT 000 0000 0016 0300 32 $7,195.00 1 0 0 $7,195
6 MAT 000 0000 0017 0300 32 $7,195.00 1 0 0 $7,195
7 MAT 000 0000 0018 0300 32 $7,195.00 1 0 0 $7,195
8 MAT 000 0000 0019 0300 32 $7,195.00 1 0 0 $7,195
9 MAT 000 0000 0020 0300 32 $7,195.00 1 0 0 $7,195
10 MAT 000 0000 0045 0300 32 $7,195.00 1 0 0 $7,195
11 MAT 000 0000 0046 0300 32 $7,195.00 1 0 0 $7,195
12 MAT 000 0000 0047 0300 32 $7,195.00 1 0 0 $7,195

Land Improvement Information
Code Description Size Year Built Year Condition
1100
Cl. Fence 4' (l/f) 56
1995 1995
1310
Paving Asphalt 6242
1988 1988
1320
Paving Concrete (sq. Ft.) 2612
1988 1988
1740
Lights - Ave. (number) 4
1988 1988

Building Information
Building Number Description Quality Building Use Year Built Year Cond Floors Rooms Living Area A/C Area Total Area
1 Multi-family 10 units or more 3.0 0300 1935 1982 2 0 11216 11216 13743
2 Miscellaneous Residential 2.5 0700 1960 1975 2 0 528 528 1134
Building Appendage Information
Bld # Code Description Area Year Built Year Cond
1 1021 Wood Stairway (FLT) 3 1935 1982
1 904 Slab Porch (SF) with Roof 2524 1935 1982

Building Component Information
Bld # Code Description
1 169 Masonry, Stucco on Block
1 211 Galvanized Metal
1 351 Warmed & Cooled Air
1 402 Automatic Floor Cover Allowance
1 601 Plumbing Fixtures (#)
1 602 Plumbing Rough-ins (#)
1 621 Slab on Grade (% or SF)
1 622 Raised Subfloor (% or SF)

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisers. You and your advisers should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.


Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://fastnoteseller.blogspot.com/



DISCLAIMER: Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a Consultant and makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer.

Tuesday, June 1, 2010

Duplex / Fourplex Note for sale in Hamtramck Michigan.

Type : Duplex/Fourplex
Location/Address of Property : Current Appraised/Market Value : $130,000.00
Original Sale Price : $95,000.00
Original Sale Date : 06/08/2008
Mortgage Note Type : Land Contract
Down Payment : $23,000.00
Date of First Payment : 07/01/2008
Current Balance of Note : $55,500.00
Monthly Payment Amount : $671.00
Interest Rate : 7.5
Original # of Months on Note : 120
Next Payment Due : 07/01/2010
Remaining # of Months on Note : 120
Lien Position : First
Is there a Balloon Payment : yes
If yes, due date : 06/01/2013
Amount Due : $43,708.85
Current Balance of Underlying Mortgage (if any) : $
Balance As Of : 06/01/2010
Payment Amount : $671.00
Credit of Buyer : Excellent
Is Note Paying on Time : yes
Sell whole note or partial note : whole note
Comments : Current balloon on this 4 family 100% occupied building is due 06/05/2010. Owner occupied. Note payor has 10K to pay toward principal. Holder wants to create a 3 yr balloon note and sell it ASAP. Face value of new note 55.5K
Blan Form : Mortgage Note Form.



Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://www.fastnoteseller.vpweb.com/
http://fastnoteseller.blogspot.com/



DISCLAIMER: Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a Consultant and makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer. I'm also on Twitter : http://twitter.com/Fastnoteseller

Monday, May 17, 2010

Hotels

HOTELS:

As requested, below is a list of Hotels that I am DIRECT to and we can move Fast too.


1. Top, Luxury Ocean-Front Hotel in South Beach: Non-Performing Note: Amount is $32Million, 95 (All Suites) Rooms, includes small restaurant, 3 bar areas, outdoor swimming pool, 8-10 Bungalows. After purchasing the Note, must be able to foreclose on the Note - Present Owners are Difficult.

****NOTE: IF we do NOT Move IMMEDIATELY TODAY!!! on this property/Hotel above,"Luxury Ocean-Front Hotel in South Beach" we will have Missed the Deadline (today) to Submit the Required Documentation to Make an Offer on this Incredible Hotel. And, the Buyer will not be able to purchase this (#1 above) Hotel's Note.

2. Major, Luxury, Newly Constructed South Beach Destination Hotel and Condominium with the Following:
a. 330 Hotel Rooms;
b. 256 Condo Units;
c. 80,000 sf of Retail (Bars, Restaurants, Gym);
d. 1 Acre - Additional Parcel Across the Street;
e. Rooftop Pool, Nightclubs, Bars
f. Directly on Ocean

Seeking $300Million Dollars for the Note, not the Property. Will still need to go through legal processes.

3. ICONIC South Beach Hotel. This Hotel has kept an impressive NOI, averaging $16Million per year - even during this deep recession. This Property cannot and has not been Duplicated, it is world famous. With 200 Rooms, Bungalows, Restaurants, Bars, and unmatched interior design and ambiance, and totaling approximately
90,000sf, the Owners are presently seeking approximately $200Million (This price would be at about a 7.5 to 8 CAP). This Hotel is World Famous.

4. Gorgeous, Luxury Hotel. Oceanfront, over 400 Rooms, this Property will be AUCTIONED to the Highest Bidder in approximately 4 weeks. This may offer an ALL CASH Buyer an Once-in-a-Lifetime Opportunity. More information to be provided to me tomorrow.


ALSO:

Distressed, Bank-Owned and NPNs I have on the following Real Estate Assets:

1. 2, 5-star hotels - Top Brand in the United States - in Severe Distress - Amazing Opportunity;

2. 4, 4-star hotels - located on Miami Beach's South Beach - ALL Ocean-Front, in various stages of distress: one in foreclosure, two others distressed, one going forward to an Auction in approximately 1 month;


A FEW OTHER THINGS MIXED IN


3. 500 - REO Fractured Condos' Units - Various parts of Florida;

4. 2,000 - Apartment Buildings' Units - Tampa, Orlando, Broward, and Outside of Houston;

5. 2 significant Shopping Centers - located in Southwest, Florida;

6. 2 Office Buildings - located in Southwest, Florida;

7. Tourist/Vacation Hotel - 600+ units, located adjacent to entrance of Disney World;

8. Bank-Owned 45-unit, Fractured condo building located on water, in Miami;

9. Single-Family Home REOs in Various Markets - Florida, CA, AZ;

10. Land - Finished Lots for Homebuilders, Entitled Land (all permits, no infrastructure), Raw Land (no entitlements).

11. 2 Luxury Condo NPN portfolios - 150 luxury condo units and several single-family homes on Miami beach, sunny isles beach, golden beach, fisher island, LaGorce Island - All in greater Miami's most prestigeous neighborhoods;


DISCLAIMER: Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a Consultant and makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer.



Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://www.fastnoteseller.vpweb.com/
http://fastnoteseller.blogspot.com/

Saturday, May 15, 2010

2711 and 2727 Harrisburg, Houston, Texas 77003

2711 and 2727 Harrisburg, Houston, Texas 77003, one block from site of Houston's new soccer stadium.



1) Exact Property (Street) Address? 2711 Harrisburg

2) Is the property Owner-Occupied? Yes
3) What type of property secures this Note? Property Description? 15,000 SF of building (redeveloped into 10,000 Sf of loft apartments and 5000SF of restaurant), with 27072 SF of land (of which 14,000SF is improved as asphalt covered parking lot
4) Recent Property Appraisal? Fourteen months old

5) Appraised Value? Listing price of $925,000 set by Colliers International, current fair market value exceeds $850,000
6) What's the Credit Score of the Note Payor? Unknown, but assumed to exceed 700 due to background and cash availability
7) What does the Note Payor do for a living? One partner is accomplished chef with experience in luxury restaurants and with commercial kitchen development (Aramark and HOK Architects). The other partner has finance experience with Merrill Lynch and previously remodeled residential structures in downtown Philadelphia which are held as income producing properties.
8) Original Note Amount? $600,000

9) Current Unpaid Balance? $600,000
10) Sales Price? Date? $700,000, March 15, 2010.

11) Cash Down Payment? $100,000 (purchasers have already invested more than $75,000 in remodeling the property and ill likely invest another $300,000 – 350,000 cash over the next five months.

12) What Day & Month was the 1st Note Payment made? April 1, 2010
13) What is the Interest Rate? ___% Fixed or Adjustable? 7.0% fixed
14) Amount of the Monthly Payments? $____3500.00_____
15) Any Balloon Payment ? When Due? $600,000 due April 14, 2012
16) Is there a Mortgagee's Title Insurance Policy on the Note? Yes
17) What Escrow/Title Insurance Company handled the transaction Charter Title Company

when the Note was created?


Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://www.fastnoteseller.vpweb.com/
http://fastnoteseller.blogspot.com/

Wednesday, May 12, 2010

SFR's 90% Michigan

The seller wants to sell whole package only.

45properties Original Note Amount: $1,817,870.00. the monthly income $23,027.47. total Value of Properties $2,462,603.00. Email me for the attachment with addresses and other info.

Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://www.fastnoteseller.vpweb.com/
http://fastnoteseller.blogspot.com/

Thursday, April 29, 2010

707 S Walnut ST Springfield IL 62704

















4 bedrooms 3 bathrooms
Home size 2,976
Lot size 8,712
Year built 1899
Asking price $ 42,500

Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://www.fastnoteseller.vpweb.com/
http://fastnoteseller.blogspot.com/