Property info.
Property type:
Track-Record
2400 S Hwy 27,
Clermont, FL 34711
44493 Square Feet
Acquired: August 2009
Disposition Date: September 2015
About
Sourced from a strategic relationship, this acquisition represented an opportunity to acquire a performing loan. Due to significant vacancy, the note was purchased at a substantial discount to face value. The borrower defaulted on the loan immediately following acquisition and investors were awarded the property, adjacent parking, and land in a foreclosure judgment in October 2010. This property provided investors with dependable cash flow distributions over the years and a profitable return on investment upon sale in 2015.
