http://link.brightcove.com/services/link/bcpid1827871374/bctid9561519001
Terry Hammes is a Real Estate Marketing Expert, former External Director for an Federal Savings Bank and its Bilingual Agency of Record, Ad Agency for numerous Banks, Credit Unions, Realtors, Contractors and many prominent real estate developent companies. Her work has won numerous awards for its marketing. She is a Florida Licensed Real Estate Broker since 1985. Ms. Hammes has been handed over a billion dollars of US and international real estate to market as an ad agency nationally and internationally.
- Most are foreclosed portfolios;
- Some are real estate backed, large secondary market portfolios in the hundreds of millions of dollars;
- A REIT;
- Two Marinas, FL , TX;
- A Resort attached to a Casino in NV;
- a $9 million Yacht with crew for 50% LTV;
- a Manhattan twelve story 1930 commercial building 95% vacant, potential loft conversion, recent rennovations
Real Estate Marketing Assignment by Bank and Legal Representatives
Bank Owned Properties Nationwide
Lot #1
Florida Package 12-16-2008 26 Houses Package Statewide, $20,000 per house!
Address City State Zip Price BPO Description
7551 Pickett St Jacksonville FL 32208 $ 15,000.00 $ 50,000.00 2 Bed/1 Bath
1346 W 25th St Jacksonville FL 32209 $ 15,000.00 $ 60,000.00 3 Bed/2 Bath
1627 W 22nd St Jacksonville FL 32209 $ 10,000.00 $ 50,000.00 2 Bed/1 Bath
142 W 19th St Jacksonville FL 32206 $ 25,000.00 $ 100,000.00 4 Bed/3 Bath
2116 Evergreen Ave Jacksonville FL 32206 $ 10,000.00 $ 50,000.00 3 Bed/1 1/2 Bath
1377 Milnor St Jacksonville FL 32206 $ 10,000.00 $ 50,000.00
2569 Calvin St Jacksonville FL 32204 $ 10,000.00 $ 50,000.00 3 Bed/1 1/2 Bath
2915 Fitzgerald St Jacksonville FL 32204 $ 10,000.00 $ 50,000.00 3 Bed/ 1 Bath
729 Mulberry St Daytona FL 32114 $ 10,000.00 $ 40,000.00
330 Division Ln Daytona FL 32114 $ 15,000.00 $ 50,000.00 2 Bed/1 Bath
8213 Brooks St Tampa FL 33406 $ 30,000.00 $ 70,000.00 2 Bed/1 Bath
11916 Boca Grande Ave New Port Richey FL 34654 $ 20,000.00 $ 60,000.00 3 Bed/1 1/2 Bath
735 Tennessee Rd Lakeland FL 33815 $ 15,000.00 $ 50,000.00 1 Bed/1 Bath
4727 6th Ave S St. Petersburg FL 33711 $ 25,000.00 $ 70,000.00 2 Bed/1 Bath
2425 19th St S St. Petersburg FL 33712 $ 15,000.00 $ 50,000.00 2 Bed/1 Bath
2916 12th Ave S St. Petersburg FL 33712 $ 20,000.00 $ 60,000.00 2 Bed/1 Bath
2814 6th St S St. Petersburg FL 33705 $ 25,000.00 $ 60,000.00 3 Bed/ 1 Bath
3713 7th St W Lehigh Acres FL 33971 $ 25,000.00 $ 80,000.00 2 Bed/1 Bath
6291 Demery Cir Ft Myers FL 33916 $ 30,000.00 $ 85,000.00 3 Bed/2 Bath
1519 NW 154th St Opa Locka FL 33054 $ 10,000.00 $ 40,000.00 2 Bed/1 Bath
3600 21st #403 Lauderdale Lakes FL 33311 $ 30,000.00 $ 90,000.00 1 Bed/1 Bath
3610 21st #304 Lauderdale Lakes FL 33311 $ 25,000.00 $ 70,000.00 1 Bed/1 Bath
3700 21st #305 Lauderdale Lakes FL 33311 $ 40,000.00 $ 110,000.00 2 Bed/2 Bath
1111 Dixon Blvd Cocoa FL 32922 $ 30,000.00 $ 90,000.00 3 Bed/1 1/2 Bath
405 Southern Pecan Cir Winter Garden FL 34778 $ 40,000.00 $ 180,000.00 2 Bed/2 Bath
2305 Westmoreland Dr Orlando FL 32805 $ 10,000.00 $ 40,000.00 2 Bed/2 Bath
Total=26 Houses $520,000.00 $1,755,000.00
Cost Basis=$20,000/house
Lot #2 MARINA
Location: South Florida, built hurricane 3 category proof.
Aprox. Boat 250 storage units, from which 50 are sold and aprox. 200 to be sold for $110k-160K per unit
Seller may want funding aprox. $11M or to sell aprox. $11M, to be determined in the next few days.
Clean title and title policy will be provided.
Recent appraisal: $19,815,000
Conservative sell out: 28,700,000
Additional Units Under Construction
Required Letter of Interest
Lot #3
NEW YORK COMMERCIAL CONVERSION Potential UPDATED
York City - 12-Story Building, 95% vacant, needs major repairs estimated to be $15 to $20 million to bring to AAA level commercial, Permits for conversion are in place.
BPO: $90,000,000
Price: $37,000,000 obo
41% LTV
12 stories located in mid-town Manhattan between Fifth and Sixth Avenues. It has 120,876 total commercial square footage and the building dimensions are 61.75 ft x 197.5 ft. The building was built in 1930. Since 1990 there has been 36 building permits on 28 completed jobs covering a number of improvements to the building including the renovation of the lobby. The asking price is $45,000,000. According to the bank, this building could appraise for $90,000,000. Building can be converted into condo apartments.
Bulk REO. LOI/soft POF required.
Source: Direct/Developer
Terry: This is copy of the email about the funding for the building:
Looks ok, but the problem you might want to check out, is Building converted to Condo apartment, banks are not doing building that are converting, need to check the city permit people to see if they will give you approval first before you go to far in the project, our investor will help finance the project, but need to see if the city will allow you to covert the building and need a cost break with a general contractor bid on the cost to change it over, to make the numbers work. Can someone get you the old appraisal to show $90 Million value right now, or is that just a number throwing out of the hat. Investor will go off the appraisal 70%, but needs to show real numbers, and cash flow on the building. Let me know if you can get any information. City permits converting the building to condo, and any cash flow in the building right now and how much is received.
Lot #4 - This is tremendous!
Executive Summary 50 Single Family Homes, Lehigh Acres, FL
12/09/08 Updated 1/17/2009
General Information:
· Homes were built 2006-08.
· Some builder (1yr) warranties still in effect.
· Homes were issued Certificate of Occupancy (CO).
· Homes being maintained (interior/exterior).
· Utility accounts are active and “on.”
· Homes are being further maintained with Air Conditioning “on” 24/7.
· Package Sale “as is” condition.
· 50 assets have been converted to deed, conveyance in fee simple.
Appraised Value: 50 homes @ $200,000p/h ($134p/sf/avg) = $10,000,000
Package Purchase Price: 50 homes @ $59,600p/h ($34p/sf avg) = $ 2,980,000 Net
Suggested Resale Price: $120,000-150,000p/home.
Investment and ROI:
Resale: 50 @ $130,000p/home (avg) = $ 6,500,000
Purchase: 50 @ $ 59,600p/home (avg) = $ 2,980,000
Profit: 50 @ $ 70,400p/home (avg) = $ 3,520,000
ROI: 118%
Terms & Conditions:
1. Must execute an NCND before material is provided.
2. LOI outlining the price and terms of sale with proof of funds for purchase.
3. Formal Contract with 10% deposit into escrow with the designated escrow and closing agent - Allstate Title Group.
4. 15 day due diligence period.
5. Deposit becomes non-refundable after due diligence period.
6. Closing is on or before 30 days after due diligence period.
7. We will provide the LOI and Formal Contract.
8. This is a PUD with three different developers.
Package #5
15 Condos in Naples, FL at 45% LTV!
> Here’s an opportunity to immediately capitalize on great discounts from current market price, which has already been depressed. We have recent appraisals consistent with the market price quoted below, and are discounting 55% off that price on these units.
> These condos were just acquired from the bank, and are offered by a private seller as a package. Built in 2001, units are currently vacant but management is on site that can help with the rental process. Rents range from $15-1600 for the 3bdr and $12-1300 for 2bdr units. Built in 2001 with all the amenities you would expect for a newer, modern development, HOA fees are $735/qtr which includes building insurance and access to all amenities.
> Price quoted includes all fees on sell side, brokers would need to add their fees onto prices below. Interested in cash buyers only 20 that can close in 2008. If you can close before the end of 2008 these properties can be bought for $1,538,000.
> 9 - 3bdr/2bth units
> Market Value $360,000 ea.
> Sell Price $162,000 ea. (45% LTV)
> 6 - 2bdr/2bth units
> Market Value $320,000 ea.
> Sell Price $144,000 ea. (45% LTV)
> Total for 15 units: Market Value $5,160,000
> Sell Price $2,322,000
SELLER WILL TAKE $1.5 MILLION + 6 POINTS / Seller has contract for $2.3 in hand but cannot wait…must close now. Will pass contract on to new buyer.
Package #6
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INVESTMENT PROPERTIES Bank Portfolios & REITS for Institutional Investors PLUS 6% Marketing Fees
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Package 16A
Atlanta, GA
BPO: $37,510,000*
Price: $10,502,800*
Buy the whole package OR purchase in increments of $250,000. $120,000 -$170,000 average BPO at 35% LTV or less including fees. All houses physically inspected. Inspection report with pictures giving current condition. 7 day due diligence. $5K per unit earnest money. Good neighborhoods, good rental markets.
*Approximate depending on final price.
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Package 16C . Myers - 105 condos
BPO: $42,685,900 Price: $20,062,373
47% LTV
80 bank owned properties (not rented) in one building. 1940 Sq ft to 2058 Sq ft per unit.
25 developer owned properties with $700K in additional upgrades in another building. Many with oceanfront views.
Package 16D
Florida - 30 properties
BPO: $18,201,000
Price: $7,039,200
38% LTV
Developer Blowout. Brand new construction in Port Charlotte, North Port, Land O Lakes, Orlando, Alva, Lehigh Acres. LOI/soft POF required
Package 16D
Nationwide - 387 properties, mostly single family
BPO: $20,600,000
Price: $7,210,000
34% LTV
Bulk REO. LOI/soft POF required
Package 16 H
Florida - 27 properties, mostly single family
BPO: $2,128,970
Price: $660,377
31% LTV
LOI required
Package 16F
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Texas Marina
Own 50% of an income producing Texas marina without spending a dime. Marina on a lake in Texas. The current owner has his capital tied up in the project. They are in the process of a refinance that will cut their debt service in half. They are willing to give up 50% ownership of the project to an investor who can assist in guaranteeing a $9M loan. The Marina and beach club generate $750K NOI (EBITDA). The investor would need to have at least $1.25M liquid and a $5M net worth.
Package 16G
2002 Ferretti Yacht
$9,900,000 New
$6,500,000 Asking
$4,200,000 Willing to accept
4 Staterooms + 5 crew
94 ft. twin 1800 hp mtu. Newly Painted Hull. All high gloss wood and many extras. Includes 2 wave runners perfect condition. Boat located in Florida. Will accept trade of: boat, cars, jewelry, real estate with current value equal to $4,200,000. View the video at:
http://www.youtube.com/watch?v=tfYpGxzwA40
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#7 Package Large Bank Portfolio Properties
1,047 residential performing
Appraised Value: $439,341,193.00
Note Balance: $324,106,752.22
Price: $265,767,536.81 + 3 pts.
60% LTV
Nationwide properties in 48 states are not bank-owned foreclosures, but are rather bank-owned performing notes (homeowners are making the mortgage loan payments). Interested buyers will need to provide a LOI and proof of funds in order to receive copy of the full tape which includes note details (loan type, terms, rates, qualification information, payment history and current balance due), property information, and appraisal values. Everything needed to complete a thorough assessment. A $50M minimum purchase block can be pulled from a single state by zip code or combined from multiple states.
Package #8
1087 residential performing
(first liens)
AZ/CA/NV: $119,768,916.32
Bank Price ($.82): $98,210,511.38 + 3 pts
Package 18A
Appraised Value: $166,723,813.00
58.9% LTV
Interested buyers will need to provide a LOI and proof of funds in order to receive copy of the full tape which includes note details (loan type, terms, rates, qualification information, payment history and current balance due), property information, and appraisal values.
Package 18B
Arizona Only: $29,864,976.60
Bank Price ($.82): $24,489,280.81
Appraised Value: $41,752,700.00
58.7% LTV
Package 18C
California Only: $76,302,229.85
Bank Price ($.82): $62,567,828.48
Appraised Value: $106,358,113.00
58.8% LTV
Package 18D
Nevada Only: $13,601,709.87
Bank Price ($.82): $11,153,402.09
Appraised Value: $18,613,000.00
59.9% LTV
Package #19 Outparcels for Casino, lakes, Hotel, Golf, call for more info. Narby Las Vegas, NV.
NON-CIRCUMVENTION,
NON-DISCLOSURE
AND
CONFIDENTIALITY AGREEMENT
THIS AGREEMENT entered into on this_____________ day of__________________ 2009 is for the Professional Association and arrangement of Non-Circumvention, Non- Disclosure and Confidentiality between Terry Hammes, Lic. R.E. Broker for Florida and reciprocal, or Hammes Advertising Inc. as appropriate and________________________________, called the “The Parties.”
The Parties with this agree to respect the integrity and tangible value of this Agreement between them.
THIS AGREEMENT is a perpetuating guarantee for two (2) years from the date of execution and is to be applied to any and all transactions present and future, of the introducing party, including subsequent follow-up, repeated, extended, renegotiated, and new transactions regardless of the success of the project.
Because of THIS AGREEMENT, the Parties involved in this transaction may learn from one another, or from principals, the names and telephone numbers of investors, borrowers, lenders, agents, brokers, banks, lending corporations, individuals and/or trusts, or buyers and sellers hereinafter called contacts. The Parties with this acknowledge, accept and agree that the identities of the contacts will be recognized by the other Party as exclusive and valuable contacts of the introducing Party and will remain so for the duration of this agreement.
The Parties agree to keep confidential the names of any contacts introduced or revealed to the other party, and that their firm, company, associates, corporations, joint ventures, partnerships, divisions, subsidiaries, employees, agents, heirs, assigns, designees, or consultants will not contact, deal with, negotiate or participate in any transactions with any of the contacts without first entering a written agreement with the Party who provided such contact unless that Party gives prior written permission. Such confidentiality will include any names, addresses, telephone, telex, facsimile numbers, and/or other pertinent information disclosed or revealed to either Party.
The Parties agree not to disclose, reveal or make use of any information during discussion or observation regarding concepts, ideas, or development, nor to do business with any of the revealed contacts without the written consent of the introducing party or parties.
In case of circumvention, the Parties agree and guarantee that they will pay a legal monetary penalty that is equal to the commission or fee the circumvented Party should have realized in such transactions, by the person(s) engaged on the circumvention for each occurrence. If either party commences legal proceedings to interpret or enforce the terms of THIS AGREEMENT, the prevailing Party will be entitled to recover court costs and reasonable attorney fees.
The parties will construe THIS AGREEMENT in accordance with the laws of the State of Florida, County of Broward. If any provision of this agreement is found to be void by any court of competent jurisdiction, the remaining provisions will remain in force and effect.
THIS AGREEMENT contains the entire understanding between the Parties and any waiver, amendment or modification to THIS AGREEMENT will be subject to the above conditions and must be attached hereto.
Upon execution of THIS AGREEMENT by signature below, the Parties agree that any individual, firm company, associates, corporations, joint ventures, partnerships, divisions, subsidiaries, employees, agents, heirs, assigns, designees or consultants of which the Signee is an agent, officer, heir, successor, assign or designee is bound by the terms of THIS AGREEMENT.
A facsimile copy of this Non-Circumvention, Non-Disclosure and Confidentiality Agreement shall constitute a legal and binding instrument. By setting forth my hand below I warrant that I have complete authority to enter into THIS AGREEMENT.
For: Terry Hammes & Hammes Advertising Inc. (referred by Luz A.)
_______________________________ _____________
Signature Date
For: ___________________________
_______________________________ _____________
Signature Date
Package 16B South Florida - 80+ condos
BPO: $27,300,000
Price: $12,180,000
44% LTV
Great project perfectly situated between Palm Beach, Ft. Lauderdale, and Miami – five minutes to the beach. New construction with 80+ units remaining for immediate bulk-sale. Buy-out currently priced at $12.5M, approx $145K a door; (retailed at $29+M w/ overall average selling price of $325K) with closings still taking place in 2008 4th quarter. 95% of remaining units rented with average rent rate of $1,100 - $1,400 per month (rent rolls available)
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