The Arlington of Naples Exceeds Presales Objective

Naples, FL (PRWEB) June 29, 2013

Lutheran Life Communities has announced that it has exceeded its presales purpose for The Arlington of Naples, the new luxury resort-style Continuing Care Retirement Community planned for improvement in Naples award-winning Lely Resort. Meeting this objective is an essential bond requirement and makes it possible for Lutheran Life Communities to proceed with the project.

&#13

In May possibly, construction drawings for the wellness care pavilion have been submitted to the State of Floridas Agency for Well being Care Administration. In addition, the competitive bidding approach is underway for choice of a general contractor.

&#13

Excitement about The Arlington has been amplified since we reachedand exceededour presales objective, stated Roger Paulsberg, president and CEO of Lutheran Life Communities. Greeting every new Founder has been most rewarding as we watch our Arlington family members grow stronger and stronger.

&#13

Significantly less than 25 % of the communitys residences are nonetheless accessible, divided amongst apartments and villas. For people who make a deposit prior to the project breaks ground, The Arlington is at the moment supplying economic incentives and the capability to customize their residences.

&#13

Paulsberg concludes As we look toward groundbreaking, our purpose remains the very same: to faithfully serve and exceed the expectations of each individual who has chosen The Arlington of Naples.

&#13
&#13
&#13
&#13
&#13

Connected Administrator Press Releases

Objective and Thorough Property Valuation Evaluation Is Crucial To Successfully Negotiating With Commercial Mortgage Lenders According to Kevin M. Levine

Woodland Hills, CA (PRWEB) March 21, 2011

An objective and thorough house valuation evaluation is the important to a profitable negotiation with industrial real estate mortgage lenders, stated Kevin Levine, Executive Vice President of Strategic Asset Solutions/Peak Asset Options of Woodland Hills, California. Several distressed loan borrowers think that they can submit just any proposal to modify the loan or conduct a quick sale of the house, Levine stated. And numerous potential actual estate investors submit delivers to obtain mortgaged properties or buy mortgage loan notes from lenders at really low prices. Sometimes those proposals are successful but generally they are summarily rejected by the lender.

&#13

Levine explained that borrowers or potential purchasers usually submit a very low figure proposal, believing that will smoke out the lender and stimulate a counter provide. That response doesnt happen extremely often, he said. A lender usually avoids, in impact, bidding against itself. Levine explained that the lender need to be convinced the proposed loan modification, brief sale or note purchase will make an end result at least equal to what the lender will comprehend upon foreclosure. This can only be carried out by supplying the lender with a quite thorough house valuation evaluation, Levine stated.

&#13

We devote considerable time and work gathering existing industry information and operating data about the house. If there are tenants, we analyze their rental rates in comparison with industry prices, he stated. Important elements relating to tenants are the remaining terms of their leases, the likelihood of renewal, and their anticipated rental renewal prices which may effectively fall below the existing prices. So even if the occupancy is fairly higher now and the property is producing sufficient earnings to service the debt, taxes and maintenance, that may possibly not be the case in a few months.

&#13

Levine commented that properties occupied by the borrowers operating organization need an examination of the company economic functionality. The home owners enterprise could be declining swiftly in this economy, Levine added. In such a non-arms length situation, the enterprise will not be in a position to pay the contracted rent. An option and realistic rental price most likely will be drastically lower, diminishing the value of the house.

&#13

Levine stated that lenders usually welcome and appreciate receiving an objective and thorough valuation analysis. They typically then will have the house reappraised but the valuation evaluation we give them creates a benchmark and provides a basis for contesting the reappraised value if that becomes needed.

&#13

Strategic Asset Solutions/Peak Asset Solutions delivers commercial loan modification and brief sale services in California and all through the country. The companys personnel bring in depth industrial real estate experience to every single assignment, such as market analysis, valuation, legal, and negotiation encounter. Each borrowers unique lending situation is completely analyzed, and the borrower is assisted in preparing current operating reports and projections. Then Strategic Asset Solutions/Peak Asset Solutions drafts and submits to the lender a loan modification proposal. That proposal could contain a principal reduction, interest price reduction, and waiver of penalty charges. In those situations exactly where a loan modification will not function to the mutual advantage of the borrower and lender, Strategic Asset Solutions/Peak Asset Options will try to broker a quick sale of the commercial actual estate at a significant discount from the loan balance, or will seek to negotiate a sale of the note to a third-party.

&#13

Strategic Asset Options/Peak Asset Options is a member of the Peak Corporate Network headquartered in Woodland Hills, California. In addition to industrial loan modifications, the Peak Corporate Network provides mortgage lending, loan servicing, residential quick sale, 1031 exchange, trustee operate, foreclosure solutions, and true estate sale brokerage solutions. These solutions are available mostly all through the Western United States for each residential and industrial real estate properties and loans.

&#13

###

&#13
&#13
&#13
&#13
&#13

Much more Loan Modification Services Press Releases