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December 29, 2007

Investment Group: Why use a bulk purchase for a condo project?

Filed under: Financing — JonnyT @ 8:50 am

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.

Investment Group: Why use a bulk purchase for a condo project?

Filed under: Financing — JonnyT @ 8:50 am

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.


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