"Villa Pelican" is being offered as a bankruptcy sale, which means that the purchase price is subject to overbid and must be court approved. The court date set for the sale is October 2, 2013. Potential Buyers will be asked to overbid on the currently offered price of $9,300,000. Buyers must present a cashiers check in the amount of 3
% of the total purchase price and proof of liquid funds to cover the remaining balance. The sale will be non contingent.
Chase has the 1st loan in the amount of $8,300,000 and a group of 15 private investors hold a 2nd loan of approximately $1,500,000. An unknown amount of interest has also accrued on both loans. Information deemed to be reliable but not guaranteed, as per Steve Carroll.
0 comments:
Post a Comment