DEAL OF THE DAY: $400 MILLION LOAN / REO AUCTION-95380 REO – FL

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 #95380 in the “$400 Million – Non-Performing 1st Mortgage Loan & REO Multi-Family, Retail, Hospitality, and Land Auction.”

Three Parcels Totaling 15.87 Acres – Fort Pierce, FL

ASSET SUMMARY

List Price: $3,800,000
Status:  REO
Type: Land
Location: Fort Pierce, FL

Asset Description: The subject includes three parcels of land that total 15.87 acres. Site improvements consist of one building which contains 10 vacant condominium units. The subject’s immediate area is generally residential and consists of a mix of condominium units, single family residences and apartment buildings. There is access to major employment centers that include a local hospital and service related businesses located along US 1 to the east.

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@howardmichaels.com

Justin Piasecki
Vice President
212.716.5619
jpiasecki@howardmichaels.com

Robert Hall
Senior Associate
917.332.2097
rhall@howardmichaels.com

Aaron Iskowitz
Analyst
212.716.5626
aiskowitz@howardmichaels.com

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