Oasis Condominiums in Fort Myers - Project being sold in Bulk
January 26, 2010
The lender for the Oasis Condominium project developed by The Related Group that was built by BBL of Florida is offering the notes for sale. Apparently the lender for The Related Group has negotiatied a deed in leu of foreclosure and the buyer of the notes will be able to take over the 423 unit project quickly once a deal is struck for the notes.
This High Rise Project consists of two towers and a total of 423 condos - and less than 24 are sold, about 60 are occupied through a rental program.
Market America Realty and Development has developed an exit strategy for the buyer of the notes. To learn more about our development group please click (Market America Realty and Development Group Work Out Sales Division). We believe this project has merit and offers a unique opportunity to due its location and the large number of unsold condos.
Gregg Fous has close connections with BBL and we have been wathcing this project for some time.
Once a Confidentiality package is executed on the Oasis Condominiums High Rise project in Fort Myers we can discuss tan exit and acquisition strategy with the buyers.
To see a review of the price per square foot of all Downtown Fort Myers High Rises please visit (Fort Myers Downtown High Rise Sales Review)
Market America Realty Services for The Oasis Condominium High Rise Project or other Bulk Purchases New Developments
Being on the inside track is our middle name; Realtors call us for information on new and pre-construction properties. Through our visiting all the properties and interviewing all the developer's sales agents we are able to get detailed information for our clients so there are no surprises during the transaction process.
· Define objectives and Goals
· Identify, Acquire and entitle land
· Define product
· Coordinate architects, engineers, and contractors
· Manage project from concept to sell out
Fous and his team consult on acquisition and disposition of troubled assets. We believe that the exit strategy is more important the acquisition strategy.
To accomplish this we can provide:
· Full existing market analysis
· Repositioning studies
· Absorption Studies
· Presentation of Auction and bulks sales exits
· Set up and train sales team
· Prepare an advertising budget and plan
· Prepare financial statements and cash flow analysis
· Make presentation to investor groups
Gregg Fous 800-439-1580 ext 52