Super Deal On an Industial Park..Developers Capital Realty

Wow...the liquidity crisis has created more deals and steals than you can shake a stick at. I opened my email early this morning to yet another PAGE of bank portfolio packages that have dropped their cash price since just last month.

Condos, houses, office buildings, strip centers, motels...If you have a cash client that is looking for unbelievable deals in Fla, then please give me a call.

But the deal of the year may be a 57+ acre industrial park in Central Fl. Developers Capital Realty is heavily involved in putting this deal under contract, its now with the the attorneys to iron out details of the contract.

The problem is of course that NO BANKS are willing to step up to make this deal happen. What does a project have to look like on paper to make a bank jump now?? How about all cash down, and we still promise to make payments ???? I think that even a deal offer like that will take a committe to approve in these times.

Developers Capital Realty has been working on this deal for months, and we have pro formas and all kinds of spreadsheets showing this deal will make millions over the next few years. Our present plans show us being able to split off almost 15 acres of unused highway frontage to sell as new development. This will give us the rest of the project for basically free.

Did I mention that the combination of the current tennants and the prospective long term tennants will produce a positive cash flow, net net net, within months...And did I mention that the property is unencumbered with debt, and that the owner is willing to now hold the note for 3-5 years??? But the banks just yawnn...and return to thier desks while waiting for SOMEONE else to make a decision.

I am not negative...this project will make money in a big way. It will produce possibly hundreds of jobs over the next few years. We have 2 large manufacturers who want to come in to take a big piece of this deal, bringing much needed jobs to this area... Its between two citites, with easy access to the interstates, and it even has Railroad spurs coming onto the property...It even has its own water tower and municipal grade pumping station for a user who needs a huge supply of onsite water..

I was talking to a commercial banker last week about this deal. They don't want to get involved in anything over a million dollars at this time..

I have a need for a strong financial partner to come into the front end of this deal. The business plan will blow most financials away...Just a year ago this kind of deal would have been snatched up in a week..Now its among the great deals just laying in the weeds waiting on someone to wake up to the fact that its being offered at abut fifty cents on the dollar, with litterally millions in development income yet to be made in the near future.

Call Mike Norvell Sr for information on great deals in Fla

Developers Capital Realty works hard to find deals for cash investors.....Call today