DEAL OF THE DAY: $400 MILLION LOAN / REO AUCTION- 95076 REO – FLORIDA
June 9, 2010
We are pleased to present this premier asset as today’s DEAL OF THE DAY in Carlton’s $400 million loan and REO auction. This unique auction consists of multi-family, retail, hospitality, commercial and land in excellent Florida locations. Below is a summary of the salient facts associated with this asset.
You can view this and over 75 other assets which are being offered. To access the due diligence materials associated therewith, please register on Carlton’s proprietary website (www.carltonexchange.com) and click on Loan #95076 in the “$400 Million – Non-Performing 1st Mortgage Loan & REO Multi-Family, Retail, Hospitality, and Land Auction”.
106 Acres of Vacant Land – Punta Gorda, FL
ASSET SUMMARY
List Price: $5,830,000
Status: REO
Type: Land
Location: Punta Gorda, FL
Asset Description: The subject property consists of an assemblage of 3 adjacent tracts totaling 106 +/- of land (60 +/- acres of net developable land) located on the south side of Aqui Esta Drive in the City of Punta Gorda, Charlotte County, FL. The subject contains approximately 5,202 lineal feet of frontage along canals, offering unobstructed access to Charlotte Harbour and the Gulf of Mexico. The general area consists of high-end residential complexes, St. Andrews Golf Course, and local shopping centers. In addition, the site is along the community’s main thoroughfare, Aqui Esta Drive, which provides linkage to Rt. 41. None of the individual parcels have development entitlements in place other than their present zoning restrictions. The sites are zoned GS-5 multi-family residential zoning.
Bid Process: The asset is being offered on a competitive real time-bid basis. Prospective bidders may bid on individual assets or bidder defined pools of Loan Assets (i.e. individual Loan Assets selected and aggregated by the Prospective Bidder).
For more information on Carlton’s asset sale advisory please contact any of the following:
Joe Korbar
Managing Director
212.716.5627
jkorbar@carltongroup.local
Justin Piasecki
Vice President
212.716.5619
jpiasecki@carltongroup.local
Robert Hall
Senior Associate
917.332.2097
rhall@carltongroup.local
Aaron Iskowitz
Analyst
212.716.5626
aiskowitz@carltongroup.local
