Buy South Florida (edit/delete)
Now is definately the time to buy South Florida, the investors are already here purchasing the great steals. Watching certain areas evaporate with excess listings, the ones priced correctly are going fast. The overpriced listings will remain until, either foreclosure or seller's realize the current market and situation and re-evaluate their positions.
Selecting the right Realtor® is crucial in today's challenging market in South Florida, making your Real Estate experience an easy and painless transaction. Sales of Single Family Homes, Condos, Townhouses, Foreclosures, and Short Sales throughout Broward and South Palm Beach Counties are my specialty. As well as partnering experienced, reputable developers with private equity partners in the commercial arena.
Select your Realtor® as carefully as you select your investments, since buying real estate is one of the largest purchases most people make. Remember not all agents are Realtors®. Those agents with the Realtor® designation are bound to a higher standard of ethics and practices.
Whether buying your dream home, investment property or selling your home or condo in Broward County and South Palm Beach County or if you just have questions, feel free to call.
Best regards,
Dorine Wollangk
RE/MAX Partners
4301 N. Federal Hwy.
Lighthouse Point, FL. 33064
0) 954-784-5200
F) 954-784-5237
C) 561-350-3838
EFax 954-337-3786
My cpntact has bulk REO packages of single family and condos thru the State of Florida from numerous banks. Properties not listed on MLS or other data bases. Required NCND must be signed and proof of funds provided prior to package details. Contact me for details.
Best regards,
Dorine Wollangk
RE/MAX Partners
4301 N. Federal Hwy.
Lighthouse Point, FL. 33064
0) 954-784-5200
F) 954-784-5237
C) 561-350-3838
EFax 954-337-3786
Now is definitely the time to buy South Florida, the investors are already here purchasing the great steals. Watching certain areas evaporate with excess listings, the ones priced correctly are going fast. The overpriced listings will remain until, either foreclosure or seller's realize the current market and situation and re-evaluate their positions.
Selecting the right Realtor® is crucial in today's challenging market in South Florida, making your Real Estate experience an easy and painless transaction. Sales of Single Family Homes, Condos, Townhouses, Foreclosures, and Short Sales throughout Broward and South Palm Beach Counties are my specialty. As well as partnering experienced, reputable developers with private equity partners in the commercial arena.
Select your Realtor® as carefully as you select your investments, since buying real estate is one of the largest purchases most people make. Remember not all agents are Realtors®. Those agents with the Realtor® designation are bound to a higher standard of ethics and practices.
Whether buying your dream home, investment property or selling your home or condo in Broward County and South Palm Beach County or if you just have questions, feel free to call.
I am helping to source funding for these two excellent firms. If you have any interest in additional information, kindly contact me for the NDA's and I will in turn provide the Executive Summaries and Business Plans for your review.
A brief overview:
•1) Alexandria Development has 83+ acres in Naples to develop in three phases, seeking equity partner or investor. I have personally know Sean Coutts, one of the principles for about 10 years. His prior business in the international textile brokerage was very successful with offices in Miami, Brazil and Taiwan.
•A) Phase I, Commercial Village Center (PUD) all permits, etc... in place, seeking $12M+ to begin development.
•B) Phase 2, Storage / Flex Center $9M
•C) Luxury Motor Coach Resort $17M+
•2) Brillyant is a newly formed company comprised of successful entrepreneurs, engineers and scientist that have joined forces to address the issue of our global water supply. I personally know Rick Grosh, one of the principles thru other long standing business relationships. They are seeking $6M for Business Expansion and Growth. The business plan is detailed and in depth.
The company has three main lines of business:
1.) Bottleless Water Purification Systems: A small, self-contained, five-stage water purification system
that is primarily leased to businesses; which replaces the need for bottled water all the while
providing more assured quality to the customer - The Bottleless solutionTM,
2.) Ballast Water Decontamination: The manufacturing and sale of a ballast water decontamination
system to the marine industry using a patented and proven technology, and
3.) Desalination: The design, construction and management of desalination plants using
soon to be patented technology.
Best regards,
Dorine Wollangk
RE/MAX Partners
4301 N. Federal Hwy.
Lighthouse Point, FL. 33064
0) 954-784-5200
F) 954-784-5237
C) 561-350-3838
EFax 954-337-3786
The Meadows Townhome project, Boynton Beach, FL:
Dorine,
If you are able to have Jim funded $800,000.00 on or before May 31, 2008, your investor shall be given a first mortgage on the property at an interest rate of 20% and the interest shall accrue until paid off. In addition, if that investor shall either qualify and sign for a construction loan or personally fund the construction it its entirety they will receive a 40% equity/profit participation in the project. The 20% interest to your investor along with 10% interest to Jim's group on the $1,000,000.00 plus documented dollars in the deal to date shall both be treated as preferred returns. After the equity and loans are repaid to all parties the remaining profits shall be split 60/40. Proforma attached.
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MEADOWS-34 UNITS |
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5/8/2008 RG Draft |
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LAND |
$ 1,350,000.00 |
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SOFT COSTS |
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PERMITS |
$ - |
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ARCHITECT & ENGINEERING |
$ 100,000.00 |
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INSURANCE: |
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FLOOD |
$ 3,300.00 |
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LIABILITY |
$ 13,000.00 |
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BUILDERS RISK |
$ 95,000.00 |
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TOTAL |
$ 111,300.00 |
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CLOSING COSTS |
$ 50,000.00 |
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LEGAL FEES |
$ 10,000.00 |
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ADVERTISING & PROMOTION |
$ 50,000.00 |
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CONTINGENCY |
$ 50,000.00 |
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DEVELOPERS FEE 2% |
$ 100,000.00 |
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INTEREST RESERVE |
$ 400,000.00 |
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TOTAL SOFT COSTS |
$ 871,300.00 |
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HARD COSTS |
$ 5,880,000.00 |
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TOTAL COSTS |
$ 8,101,300.00 |
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SELLOUT |
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56000 @ 175 |
$ 9,800,000.00 |
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LESS: COMMISSION @ 7% |
$ (686,000.00) |
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SALES SUBTOTAL |
$ 9,114,000.00 |
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NET PROFIT |
$ 1,012,700.00 |
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PROFIT PERCENTAGE |
12.50% |
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Best regards,
Dorine Wollangk
RE/MAX Partners
4301 N. Federal Hwy.
Lighthouse Point, FL. 33064
0) 954-784-5200
F) 954-784-5237
C) 561-350-3838
EFax 954-337-3786
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4301 N. Federal Hwy. Lighthouse Point, FL 66064
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