Deal of the Day: $400 MIillion REO Auction- 10015 Loan – Florida

We are pleased to present to you 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 #10015 in the “$400 Million – Non-Performing 1st Mortgage Loan & REO Multi-Family, Retail, Hospitality, and Land Auction”.
 
366-Unit Condo Conversion – Miami, FL
 
ASSET SUMMARY
 
Price:             $31,000,000
Type:              Condominium Conversion
Location:        Miami, FL
 
Collateral Description:  The subject property is 366 condominium units located in the 856-unit Villa Bellini condominium development. The subject is located within the golf community of the Country Club of Miami.
 
Bid Process:  The loan assets are 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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