Dr. Marc Alan Innes Marc Alan Innes & Associates Post Office Box 543 Bradenton, Florida 34206 marcalanin...@gmail.com Mr. Charles McNeal Jr. Executive Assistant Monday, April 26, 2010 Gentlemen: We have had several Private Funding Deals fall apart at the last minute. The Lender could not supply the funding needed. We are in the field of Acquisition and Development in the Bradenton / Sarasota area of Florida; we are doing cosmetic improvements to bring properties up to Penthouse Readiness. We have Letters of Intent from European buyers. We are looking at approximately Five Luxury Penthouse Condominiums in Beautiful Palmetto, Florida. We are in the midst of two Closings and we need an immediate solution. We have 10 luxury penthouse condos ready to close. We have been ready to go to close 2 times now and the lender was not able to fund the loan. We can break it up into 2 packages of 5 each. The buyer is looking for 100% financing based on the ARV of the units.
Purchase price $550,000 each X 5 $2,750,000 Fix $150,000 each X 5 $ 750,000 CC & Fees $ 640,000 total 6 month PP interest $ 38,444 total contingencies 321556 Total $4,,500,000 Current value of each unit "as is" is $1,200,000 and can be verified by the unit currently for sale in the next building After putting $150,000 with all the upgrades the there are 12 LOI for the take out of this loan for a purchase price of $1,800,000 ARV. Please contact Mr. Curtis Graham for details. Curtis Graham St Louis Financial Services 6119 Bradley Manor Pl St Louis, MO 63129, USA P: 314-965-7875 P: 314-894-9100 F: 314-567-2059 curtisgra...@att.net Sincerely, Dr. Marc Alan Innes Marc Alan Innes & Associates marcalanin...@gmail.com -- Dr. Marc Alan Innes Marc Alan Innes & Associates Post Office Box 543 Bradenton, Florida 34206 marcalanin...@gmail.com Mr. Charles McNeal Jr. Executive Assistant ***CONFIDENTIALITY NOTICE: This e-mail message (including attachments) is covered by the Electronic Communications Privacy Act, 18 USC ยงยง2510-2521,this transmission may contain information that is legally privileged and must be kept strictly confidential. This information is intended only for the use of the intended recipient(s). The intended recipient(s) is/are prohibited from re-disclosing this information except as specifically permitted by applicable law and is/are required to destroy the information after the information has been used. If you are not the intended recipient(s) of this information, please notify the sender immediately and either return or destroy all information -- You received this message because you are subscribed to the Google Groups "Investors Club Dubai" group. To post to this group, send email to investors-club-du...@googlegroups.com. To unsubscribe from this group, send email to investors-club-dubai+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/investors-club-dubai?hl=en.
