Silverleaf Financial has been named
the successful bidder on a loan secured by a 336 unit Multi-Family
property in Orlando Florida .The unpaid principal balance is $17,226,931
and the note purchase is being presented at $3,500,000 or $10,400/unit.
An 07 appraisal valued the property at $22M. The property address is
1182 Redman Street, Orlando FL. Great opportunities in the Multi-Family
sector are hard to come by in the distressed debt arena. Usually when
they are offered the tend to trade at a premium. We are very excited
about this deal and feel at our price there is tremendous upside.
Attached is a summary report providing a detailed description of
the asset and opportunity. If you have any questions and would like to
know more about this deal, feel free to contact myself or Ben Smith VP
of Acquisitions at the contact information listed below.
Closing is scheduled for November 30, 2010.
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Silverleaf
Financial has been named the successful bidder on a loan secured by a
60,314 SF retail building in Henderson, NV. The unpaid balance is
$7,854,161 and the note purchase is being presented at $4,000,000 or
$66/SF. The property address is 205-225 N. Stephanie Street, Henderson,
NV. Stephanie Street is heavily travelled with a traffic count of 45,000
cars per day. The property was constructed in 2003 and is in great
condition with occupancy at 74%. Silverleaf recently acquired 130,000 SF
of retail at a similar price one mile from this property . It is
currently under contract for $120/SF.
Attached is a summary report providing a detailed description of
the asset and opportunity. If you have any questions and would like to
know more about this deal, feel free to contact myself or Ben Smith VP
of Acquisitions at the contact information listed below.
Silverleaf Financial has acquired nearly $500,000,000 of debt
secured by first trust deeds on commercial real estate across the US
since late 2008.
Closing is scheduled for December 3, 2010.
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Silverleaf Financial has been named the successful bidder on a loan secured by a 28,075 SF
retail building in Seaside California (Monterey). The unpaid balance is
$6,365,411 and the note purchase is being presented at $4,500,000 or $160/SF.
The property address is 1130-1142 Fremont Blvd, Seaside CA. Fremont Blvd is
heavily travelled with a traffic count of 30,000 cars per day with convenient
north/south access. The collateral is comprised of 3 buildings, one of which is
a Carl’s Junior on its own parcel that could be sold off individually.
Silverleaf is excited to present a California asset in such a desirable market and location
at such a steep discount.
Attached is a summary report providing a detailed description of the asset and
opportunity. If you have any questions and would like to know more about this
deal, feel free to contact myself or Ben Smith VP of Acquisitions at the contact
information listed below.
Silverleaf Financial has acquired nearly $500,000,000 of debt secured by first trust deeds
on commercial real estate across the US since late 2008.
Closing is scheduled for December 3, 2010.