Pre-foreclosure class A- warehouse-Ft. Lauderdale-assumable loan with high LTV and low interest rate-THIS IS A STEAL!!!!! Principals only please

This is located in an upscale office park. easy access to I-95 and the Turnpike. Asking price is $12M and the lender is looking for offers. Loan balance is $8.5M.
Some key details:
building size: +/-140,467 sf
land size +/- 9.8 acres
ceiling height +/- 25' clear
100% air conditioned and fully sprinkled
twin tee roof (the strongest roof possible)
8 dock high doors
2 overhead doors with ramps
29,000 s.f. of total office (included in the 140,467 sf figure)
power: +/- 5,000 amp
180 +/- parking spaces

Please contact me directly for further details.

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Why is the lender looking for offers if the asking price is $12MM and the loan is $8.5MM? Can't you find a conventional buyer since it is not upside down?
Thank you for your feedback.
The lender is looking for offers because the current owner is in default on the loan. What I need is a qualified buyer whether it be an owner user or an investor. The value here is the high LTV that the new buyer will assume. Please let me know if I can be of any further assistance to you on this deal.

Thank you,
Heather Gogola


Sir,

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures.
Contact...bgsblc.syed@gmail.com
Skype....bgsblc.syed

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