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The Legendary
"100 Million REO Portfolio Package" Is Real - And Ready for
Cherry-Picking By REO Investors
(originally posted to the
commercial REO blog on 7/23/10)
FOR
INVESTORS ONLY:
Effective immediately, we at CommercialREOs.com have access to
the legendary "$100 million REO foreclosure portfolios, both
residential and commercial properties typically made available
to only the elite hedge funds and institutional investors that
have "inside connections" of some kind. As a result, we
are looking for investors seeking access to a portfolio of REO
investment properties in this $100 million price range with
highly customized specifications on the exact location and
property type desired.
You (the investor) name your price range, the property
condition, the specific area codes, any property specifications,
and we'll provide you with a resource to cherry-pick these
properties at REALISTIC mega-discounts off the current broker
price opinion for the bulk purchase. Through my "priority
access" association with this group, I can provide to the
investor prices and terms that are not available to the general
public via our relationship with this group.
Prospective REO investors and investor groups will be
required to sign a "Letter of Intent" indicating your price
point, location, condition, etc., and the type of product you
want to buy and how much of it to take down PER MONTH which
basically acts a starting point to initiate the process. Along
with the LOI, a current "hard proof of funds" statement from
your bank is also required. Due to the nature of the
business, both these documents are required before moving
forward.
We also have REO opportunities for the smaller investor or
investor group in the $10 million range, albeit with a lesser
discount. This is a real deal opportunity for the REALISTIC
investor group that's looking to capitalize on some amazing
discounts in today's national foreclosure market.
What is "realistic"? We are currently working with investors in
California who are buying a typical $100 million portfolio at
.58 cents on the dollar and also with smaller groups selling
them $10 million REO portfolios at .68 cents on the dollar.
That's the marketplace folks, and anyone who thinks they can do
better will just have to keep looking, because it's just not out
there - except in urban legend land.
If you're a serious sophisticated investor or a member of an
investment group looking to take down a $100 million custom REO
portfolio and the above discounted values are attractive to you,
please contact us immediately for more
details. |
