This is the June 3rd, 2009 summary of available packages for sale. All Sold packages are noted and will be removed next week.
Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!
Real Estate Owned by the Bank (REO)
Make an offer in the form or a “Letter of Intent” and a Non-circumvention and Non-Disclosure agreement (we provide the LOI template for you), also be prepared to provide Soft Proof of funds to the bank. (see attached preferred LOI format)
Make an offer regardless of the sales price or asking price!
PERFORMING NOTES
Performing Note packages are available for purchase by submitting a “Letter of Interest” which must include at a minimum the name of the buyer and their attorneys that will handle proof of fund.
The Buyer and the Buyers representative must sign and return a NCND to Cash Flow Specialists, Inc..
A Note Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
For more information: Call Joe Tufo 925-352-6000
PACKAGE # 5-4e AVAILABLE – 6/01/09
REO SFR Package
25 SFRs and couple of duplexes All in GA.
BPO to be determined in Escrow estimated value is 2.7 million
Sales Price = $1,334,270
PACKAGE # 5-4f – SOLD – 5/29/09
29 SFR and Multi-family in CT (11),NJ(7), NY(11).
BPO to be determined in Escrow estimated value is 6.4 million
Sales Price = $3,642,390
PACKAGE # 5-4i – AVAILABLE – 6/01/09
REO SFR Package
51 SFR all in Florida
Asking 10.2 million
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4j – AVAILABLE – 6/01/09
REO unfinished Condos Package with 10K commercial leased 20+ years
70+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4k – AVAILABLE – 6/01/09
REO SFR
28 SFR in GA, NC, VA,WV, MD,
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4L – AVAILABLE – 6/2/09
REO SFR
103 SFR in AZ, CA
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees
PACKAGE # 5-4m – AVAILABLE – 6/2/09
REO SFR
10 SFR in NV
BPO to be determined in escrow (make an offer)
Owner estimate $1.4 million
Make offer Plus 3 % in fees
PACKAGE # 5-4n – DUPLICATE REMOVED – 6/2/09
PACKAGE # 5-4n1 – AVAILABLE – 6/2/09
REO SFR – 22 SFR in CA, Los Angeles
BPO estimate $7,039,000
Asking Price: $4.426 million
Make offer Plus 3 % in fees
PACKAGE # 5-4o – DUPLCIATE REMOVED– 6/2/09
PACKAGE # 5-4o1 – PENDING – 6/2/09
REO SFR – 7 SFR in Los Angeles, CA
BPO to $982,205
Asking Price: $879,278
Make offer Plus 3 % in fees
PACKAGE # 5-4p – PENDING – 6/02/09
REO SFR – 10 SFR in Los Angeles, CA
BPO to $3.273 million
Asking Price: $1,816,499
Make offer Plus 3 % in fees
PACKAGE # 5-4r – AVAILABLE – 6/2/09
REO – 97 Florida SFR
BPO to be determined in Escrow
Seller will accept 60 cents of current BPO
Make offer Plus 3 % in fees
PACKAGE # 5-4s – AVAILABLE – 6/2/09
REO 93 SFR – AL (5), CA (1), CO (1), FL (2), GA (3), IA (2), IL(34), IN (3), KS (3), KY (4)MA (1), ME(1),MI(6),MN(3), MO (4), NY (1)
Asking price with fees is $896,000.00
Private Investor Sales
Make offer fees included
PACKAGE # 5-5 – STATUS –AVAILABLE 6/3/09
Non Performing Note Package Multi-family & Commercial assets including:
States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686 – LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.
PACKAGE # 5-6 – –AVAILABLE 6/2/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 – Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.
PACKAGE # 5-10 – STATUS –AVAILABLE 6/3/09
Performing Hotel and Retail Notes for Sale
A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.
Floating Senior Loans
1) Retail Portfolio- SR. Participation 20 retail centers, Various
2) Mall 40+ Retail, VA
3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD
4) Industrial Portfolios , 41 industrial located in, Various states
Floating Rate B- Notes
1) Hotel Portfolio Mezz, 42 hotels in Various states
2) Viginia Mall Mezz, 44 Retail
3) NYC Hotel Mezz, 27 hotel
4) Florida Retail, 38 retail
5) Pennsylvania Office, 33 office
6) International Hotel, 57 hotels
7) International Hotel, 57 hotels
8) Metropolitan Office Mezz, 36 offices
9) Metropolitan Office Mezz, 36 offices
10) Luxury Hotel Mezz , 39 hotels
11) Luxury Hotel Mezz , 39 hotels
12) Luxury Hotel Mezz , 39 hotels
13) Metropolitan Hotel Mezz, 27 hotels
14) Metropolitan Hotel Mezz, 27 hotels
15) Hawaii Hotel B-note, 39 hotel
16) Hawaii Hotel B-note, 39 hotel
Fixed Loans
1) Michigan Office , 105 Offices
2) Ohio Offices , 107 Offices
PACKAGE # 5-26 – STATUS –AVAILABLE 5/26/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700 FICO
Remaining Balance $107,000
Make offer
PACKAGE # 5-27 – STATUS –AVAILABLE 6/2/09
Performing Notes for sale Washington DC – 83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
$7.8M Owners valuation – Property is 100% occupied
Bank is willing to take 20% off, we are direct to bank
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)
PACKAGE # 5-28 – STATUS – AVAILABLE 6/2/09
REO SFR LAND package
233 SFR Lots located in various states FL, NC,SC,
Owner BPO =$6.1.million
Make offer Plus 3 % in fees
PACKAGE # 5-29 – STATUS – AVAILABLE 6/2/09
REO Commercial LAND package
18 Lots located in various states FL, NC,SC,
4 commercial, 3 office buildings, 3 Convenience stores
Owner BPO =$71.3.million
Make offer Plus 3 % in fees
PACKAGE # 5-30 – STATUS – PENDING 6/2/09
REO SFR Los Angeles, CA
99 Single Family homes
BPO = 20,788,073
Price = 11,433,440
3.0% fees included in the Price
zip codes:90001,90002,90003,90026, 90037, 90011,90016 90018,90022,90032,90042,90044,90047,90059,90060,90061,90063,90065
PACKAGE # 5-31 – STATUS – PENDING 6/2/09
REO SFR Orange County, CA
73 Single Family homes 3+ bedroom, 2+ Baths
BPO = 26,354,574
Prices = 15,285,652
zip codes: 92831,92832,92833,92835,92675, and 8 SFR total in 91723,91724,91722,91724
PACKAGE # 5-32 – STATUS – AVAILABLE 6/2/09
REO COMMERCIAL Orlando, FL
5K Sq.ft., 1+ AC Historic 2 Story
BPO = $4.9 million
Asking = $3.3 Million
PACKAGE # 5-33 – STATUS – AVAILABLE 6/2/09
REO COMMERCIAL SpartanBerg, SC
30K Sq,ft. Hotel
BPO = $20 million
Asking = 18.00 Million
PACKAGE # 5-34 – STATUS – AVAILABLE 6/2/09
REO COMMERCIAL Columbia, SC
7+K Sq.ft. Restaurant
BPO = $1.7 million
Asking = $1.15 Million
Fees included
PACKAGE # 5-35 – STATUS – AVAILABLE 6/02/09
REO COMMERCIAL Tampa, FL
16K Sq.ft., Office Building
BPO = $1.0 million
Asking = $690K
Fees included
PACKAGE # 5-37 – STATUS – available 6/2/09
REO COMMERCIAL , NC
2,8K Sq.FT. Convenience store
BPO= $525K
Asking = $ 357K
Fees included
PACKAGE # 5-38 – STATUS – available 6/2/09
REO COMMERCIAL, GA, 4.3K Sq.ft. commercial building
BPO= $370K
Asking = $ 251K
Fees Included
PACKAGE # 5-39 – STATUS – available 6/2/09
REO COMMERCIAL, SC, 2.3K Sq.ft. convenience store
BPO= $350K
Asking = $ 231K
Fees Included
PACKAGE # 5-40 – STATUS – available 6/2/09
REO COMMERCIAL , NC, .8 AC. Convenience store
BPO= $370K
Asking = $ 251K
Fees Included
PACKAGE # 5-41 – STATUS – available 5/26/09
REO COMMERCIAL , FL, 4.3K Sq.ft. Office building
BPO = $380K
Asking $258K
Fees Included
PACKAGE # 5-42 – STATUS – updated 6/2/09
REO COMMERCIAL , NC, 2.8K Sq.ft. Convenience store
BPO= $274K
Asking $191K
Fees Included
PACKAGE # 5-43 – STATUS – available 6/2/09
REO COMMERCIAL , SC, 5K Sq,Ft. Restaurant
BPO = 350K
Asking = $228K
Fees Included
PACKAGE # 5-44 – STATUS – available 6/2/09
REO COMMERCIAL , NC, 1.2K Sq. Ft. Office
BPO = $220K
Asking =$149K
Fees Included
PACKAGE # 5-45 – STATUS – SOLD 5/29/09
Buyer Alert! Buyer beware
All Properties are REO
You must do diligence!
19 Multi-family properties in Bronx (6), Brooklyn (5), Far Rockaway (2), Flushing (1), Jamaica (5)
BPO estimate: $3.17 million
Price: $1.7 million includes 3% fee
PACKAGE # 5-46 – STATUS – SOLD 5/29/09
Buyer Alert! Buyer beware
All Properties are REO SFR, Multifamily, Commercial and Retail
You must do diligence!
24 Multi-family properties in NY – Bronx (6), Brooklyn (7), Far Rockaway (4), Floral Park (1), Jamaica (3), NEW HYDE PARK (1), ROSEDALE (2), SAINT ALBANS (2), SOUTH OZONE PARK (1), SPRINGFIELD GARDEN (1),
BPO estimate: $5.8 million
Price: $3.0 million includes 3% fee
PACKAGE # 5-47 – STATUS – available 6/2/09
REO 48 SFR – New York properties in – Bronx (6), Brooklyn (11), Far Rockaway (6), Floral Park (1), Jamaica (5). FARMINGDALE (1), FREEPORT (3), SAINT ALBANS (1), Cambria Heights (1), East Elmhurst (1), Pleasant Valley (2), POUGHKEEPIE (8), South Ozone Park (3),
BPO estimate: $14.5 million
Price: Make an offer and include 3% fees
PACKAGE # 5-48 – STATUS – corrected 6/3/09
REO 12 projects in New York State some unfinished, total of 301 Apartments, 1 Commercial Condo
Cities: NYNY (3), Brooklyn (5), Flushing (2), Yonkers (1), Jersey City (1)
BPO estimate: $70.9 million
Price: Make an offer and include 3% fees
PACKAGE # 5-49 – STATUS – Revised 6/2/09
Non Performing (35) Notes
Colorado and Arizona – Commercial (3), Retail (3), Lots (8), SFR (13),Multi-Family(3), Retail (3), Office (4), Estate (1)
LTV % average 75%
Loan Value total is $57.6 million
Price: Make an offer and include 3% fees
PACKAGE # 5-50 – STATUS – available 6/2/09
14 Waterfront Condos and boat lifts. The project is 85%, FL
BPO finished in 2008 = $7.5 million
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-1 – STATUS – available 6/02/09
Non Performing Notes
14 office and retail New Units. 20,000+ sq.ft., FL
BPO fto be determined in Escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-2 – STATUS – available 6/02/09
Non Performing Notes
9 Condos 1,600+ Sq.Ft., FL
BPO to be determined in Escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-3 – STATUS – available 6/02/09
Non Performing Notes
150+ room Hotel , FL
Recently Remodeled
BPO to be determined in Escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-4 – STATUS – available 6/02/09
Non Performing Notes
3 Condos 2,000+ Sq.Ft., FL
Recently Remodeled
BPO estimated $340,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-5 – STATUS – available 6/02/09
Non Performing Notes
70+ unit Apartment building FL
BPO estimated $7,550,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-6 – STATUS – available 6/02/09
Non Performing Notes
1 Condo 4 bed ,3.5 baths(5,100+ Sq.Ft). FL
BPO estimated $1,250,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-7 – STATUS – available 6/02/09
Non Performing Notes
2 Commercial building(16,100+ Sq.Ft). FL
BPO estimated $1,350,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-8 – STATUS – available 6/02/09
Non Performing Notes
13 Condos (1,100+ Sq.Ft). FL
BPO estimated $1,490,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-9 – STATUS – available 6/02/09
Non Performing Notes
11 Unit Strip Center (12,000+ Sq.Ft). FL
BPO estimated $1,890,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-10 – STATUS – available 6/02/09
Non Performing Notes
1 Warehouse Flex Space(14,000+ Sq.Ft). FL
BPO estimated $968,153.00
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-11 – STATUS – available 6/02/09
Non Performing Notes
1 Warehouse Flex Space(14,000+ Sq.Ft). FL
BPO estimated $968,153.00
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-12 – STATUS – available 6/02/09
Non Performing Notes
1 Medical office building 4,000 Sq.Ft.. FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-13 – STATUS – available 6/02/09
Non Performing Notes
2 Building office complex (3,340+ Sq.Ft). FL
BPO estimated $524,900
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-14 – STATUS – available 6/02/09
Non Performing Notes
5 Condos 2/2 (950 Sq.Ft.) FL
BPO estimated $400,900
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-15 – STATUS – available 6/02/09
Non Performing Notes
20 units in 3 building FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-16 – STATUS – available 6/02/09
Non Performing Notes
1 Office condo 2,500+ Sq.Ft. FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-17 – STATUS – available 6/02/09
Non Performing Notes
1 SFR (2300+ Sq.Ft.) FL
BPO estimated $575,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-18 – STATUS – available 6/02/09
Non Performing Notes
1 Office condo 2,500+ Sq.Ft. FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-19 – STATUS – available 6/02/09
Non Performing Notes
1 Townhome (1200+ Sq.Ft.) FL
BPO estimated $375,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-20 – STATUS – available 6/02/09
Non Performing Notes
1 Townhome (2500+ Sq.Ft.) FL
BPO to be determined in escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-21 – STATUS – available 6/02/09
Non Performing Notes
1 SFR (2200+ Sq.Ft.) FL
BPO = 290K
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-22 – STATUS – available 6/02/09
Non Performing Notes
1 SFR (2400+ Sq.Ft.) FL
BPO = 200K
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-23 – STATUS – available 6/02/09
Non Performing Notes
1 Commercial Building (1600+ Sq.Ft.) FL
BPO = 270K
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-24 – STATUS – available 6/02/09
Non Performing Commercial Notes
Pool value at 146 Million
24 notes,
States: NYNY, Bronx, Staten Island, Brooklyn, Ashbury Park, Jersey City, Ft Salonga, NY
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer include 3% fees
PACKAGE # 6-25 – STATUS – available 6/022/09
Non Performing Notes
42+ Townhomes with 2 car Garage (1800+ Sq.Ft.) CA
Loan Balance 14.1MM
Status: 95% Complete
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-26 – STATUS – available 6/02/09
Non Performing Notes
2 notes New York, NY –
(1) Commercial office BPO = 66.1MM-LTV(68%),
(1) Multi-family BPO =77.3MM-LTV(49%)
Combined Loan Balances 64.4 MM
Status: Complete
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% fees
PACKAGE # 6-27 – STATUS – Available 6/2/09
REO SFR 16+ state, Heavy in OH,MI, and PA
1096 Single Family homes
BPO = 70mm This is a owner estimate
Price = 12.6 mm
Make an offer include 3.0% fees
PACKAGE # 6-28 – STATUS – Available 6/3/09
REO state, Heavy in NV Las Vegas, Henderson, Reno, North Las Vegas
14 Single Family homes
BPO = 3.8mm This is a owner estimate
Price = 1.1 mm
Make an offer include 3.0% fees
PACKAGE # 6-29 – STATUS – Available 6/3/09
REO state, Heavy in AZ Maricopa,
87 Single Family homes
BPO = 11.1 mm This is a owner estimate
Price = 5.5 mm
Make an offer include 3.0% fees
PACKAGE # 6-30 – STATUS – duplicate 6/3/09
PACKAGE # 6-31 – STATUS – Available 6/3/09
REO state, Heavy in CA Southern California,
172 Single Family homes
BPO = 42.8 mm This is a owner estimate
Price = 26.28 mm
Make an offer include 3.0% fees
PACKAGE # 6-32 – STATUS – Available 6/3/09
REO state, Heavy in Orange County, Southern California,
60 Single Family homes
BPO = $23.8 mm This is a owner estimate
Price = $16.41 mm
Make an offer include 3.0% fees
In order to move forward we need a completed purchase order and buyer profile. We also need proof of funds not more than three business days old along with the name and telephone number of their bank officer.
Write me at either help@joetufo.com or joe@joetufo.com or call me at 1-800-669-2700