DEAL OF THE DAY: $400 MILLION LOAN / REO AUCTION-97272 REO – FLORIDA

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 #97272 in the “$400 Million – Non-Performing 1st Mortgage Loan & REO Multi-Family, Retail, Hospitality, and Land Auction”.
 
 0.48 Acres of Commercial Vacant Land – Miami, FL

 

List Price: $1,150,000

Status:  REO

Type: Land

Location: Miami, FL

Asset Description: This asset encompasses 21,000 square feet (0.48 acres) of commercial vacant land.  The land is zoned SD-14 in the Latin Quarter Commercial Residential District in Miami.  Permitted uses included single-family, two-family, multifamily, hotels, motels, office, retail, medical or dental offices, financial institutions and educational facilities.

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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