NCO Capital is a division of New Condos Online.  NCO Capital has been in the news lately.    We've been very active at the largest real estate investing conferences for distresssed real esate.   We manage thousands of new developments and condo projects.   We were asked to attend because of our exposure and high monthly end-users who visit NewCondosOnline.   We play a very active role in the capital markets.   We represent the voice of the developers.   We have a responsibility to provide solutions to projects in struggling markets.   We're connected with the largest funds in the country to buy back units.   We also provide investors (cash only buyers) as sales vehicle into condo projects.  

Please view the latest confernece in New York.   I'm a keynote speaker on Wednesday May 28th. 

The Ninth Annual US Real Estate Opportunity & Private Fund Investing Forum. The Forum will be held May 27-28, 2008 at the Grand Hyatt, New York.

Here's the latest conferences that New Condos Online is taken part in.

Current/Past speaking events for NCO Capital:

1.      Participate speaker at the Distressed Residential Real Estate Conference at the Trump Hotel in Miami.  

I’ve spoken to many Investment Groups and Developers over the years.   In this real estate industry you get a lot of brokers saying “sure we can” and “that’s no problem.”    As you know there are a lot of brokers in this industry and a lot of them are professional exaggerators.   I’m not trying to downgrade my very profession but a broker needs to separate himself from the pack.   If you’re truly qualified, have experience and have an extensive financial network then you SHOULD charge a retainer for your services.   The Developers who don’t pay can stick w/ mid-level brokers and resort to Advil & Tylenol when things go bad. 

Take NCO (newcondosonline.com) for example.   We charge $10,000 per month for consulting fees and access to the largest condominium website in the country.   As you can imagine having 1,300 paying clients we get a lot of access to Investment Groups, Developers and Capital Groups. 

I have a deep roladex of many of the top CEO’s in the industry.    Not only do you get consulting on pre-sales Investment Groups, but also bulk purchasing groups and finance groups in the industry.    We put together comprehensive marketing plans on www.newcondosonline.com (that’s included).    We track the sales of the e-leads and can deduct 50% of the monthly marketing fee.     I don’t see many brokers offering to help in sales in the trying time.   For the largest condo website in the country we’re also happy to speak with more brokers.   We do see you as assets.I suggest for all brokers to create yourself a differential advantage and provide a service you can be proud of.  Jon Thielen

The largest condo website in the country will soon be adding one of San Diego's most intriguing downtown's new addresses The Mark.

This beautiful new address is The Mark of San Diego.   You can view this new condos listing of their website here.  The residences will range from $400 to 3.7M.  If you’re a buyer of this property you can expect concierge, 24 hours per day lobby attendants and a new fitness facility.

I personally love this building because of it’s location, attention to detail and floorplans.  I visited The Mark’s website and found this website as a GREAT resource.   My wife is an Interior Designer and pointed out the nice layouts.   For those interested in a walk through, you’ll notice floor plans ranging from 1 bedroom at 899 sq.ft. to 3 bedrooms at 2441.  I love baseball so any sports fans would love to this location because you’re very close to the stadium.  

I did my research and found out that this building a project by Doug Wilson.     Doug Wilson he led the design and re-development of the Symphony Towers and created Park Loft.    In the next week NCO is proud to launch a Doug Wilson project on the largest condo website in the country.

 In the next week we’ll be up-loading all these beautiful images of this property.   Stay tuned!

At NCO we have a division called NCO Capital.   We offer many financial services to our 1,300 clients.  A term you here these days is bulk purchasing.   What do Investment Groups look for when considering a bulk purchase?  I asked myself this same question prior to sitting down with the CEO’s of some very large Investment Groups.    We attract a lot of Investment Groups because we run the largest condo website in the country.   From my experience they really want the inside details.  Where’s the project located?  What’s the owner’s position, who’s the lender and what’s the pricing look like.   This information is not easy to get.   It takes a lot of hard work and connections to be able to un-cover the inside story. 

Attention Investors!  

A new project is St. Paul is coming to www.newcondosonline.com .  Take a step back in time and imagine life in 1905 when the River Park Lofts building was new.  Einstein introduced the theory of relativity, income taxes were created in 1913, and both world wars came and went.

Now, this seven-story turn-of-the century office/warehouse building and attached retired firehouse are becoming "new" once again. River Park Lofts, located in Downtown St. Paul, consists of 119 authentic condominium homes. The renovation is a true loft conversion meaning that each unit has exposed concrete floors, exposed heavy timber ceilings, exposed brick walls, and exposed HVAC duct work.   See here: http://www.newcondosonline.com/minnesota-condos/st.-paul-new-condos/river-park-lofts-/

The two-story structure was built in 1921 used by the city of St. Paul Fire Department until 1971.

Although River Park Lofts is over 60 percent sold, a wide variety of condominiums, each with a unique floor plan, are available for immediate occupancy.   If you're interested, please call the Sales center: 1(877) 373-2805.

Dear Developers,I agree we’re in a softer market which has shown signs of people holding off.    This slow market has also given buyers a signal of opportunity for special incentives.   In slow times one must still advertise to the condominium market.   By cutting back significantly you making the sales come in even slower.    My suggestion is to use a professional marketing company like Americas Media Group.   I would also suggest contacting the Managers of companies like www.newcondosonline.com to negotiate a rate discount of 10-15%.   This would free up working capital in slower months of December, January and February. Now I want to make one point.   There is also a rule of you get what you pay for.   Don’t spend little because you’ll still receive little.   Please ask about the best packages they’ll offer.   Make them present to you a comprehensive plan to sell your units.   Learn about the top placement and E-Blasts and the site rotation.      I recommend using special incentives to the current many condo shoppers

I've heard this question asked a couple different ways.   I've had clients wish to use the pre-sale syndication model in order to build a finished project and then sell.   A pre-sale syndication model is bringing in 50-100 individual investors who are signing contracts and issuing deposits (at discount).    The MAIN reason a developer does this is in order to get his/her construction loan (satisfy the pre-sale requirement) and go vertical.    Some Developers wish to pre-sell and then build.  I know some wish to have a finished product before selling.     It's a very useful tool.    Yes it costs you a 15% margin and a RE commission but consider the bigger picture.  Jon-

The goal to for doing a bulk purchase is taking down the banks pre-sale requirement.    A developers lending institution will grant the construction loan when certain amount of buyers come to the table.   The pre-sale requirement tends to be 50%.    Each of our Investment Groups consists of 500-750 high net worth investors.   

At http://www.newcondosonline.com we'll use our Investment Group to bring in 30 to 150 buyer contracts to the developer.    The benefit to the Developer is instead of waiting 6-8 months to hit his pre-sales; we'll come into a project within 30 days and take down the pre-sale requirement.    The bulk purchase also creates velocity and sales momentum within a marketplace.   The best way to look at a bulk purchase is a finance vehicle.    Once the pre-sale requirement has been met, the Developer gives the high net worth Investment Group an exit plan.   Such exit plans are those units being sold through their own sales center.