New Development Deal Alert · Real Estate Pro Network

Stanley Carmant

22d ago in 🏠 Deal Opportunities

New Development Deal Alert

Hi, here are our latest hot deals!

+ CONSULTANT FEE TO BE ADDED TO ALL ASKING PRICES

3656 southwest 96th st palm city fla zip 34990

price 200m+ fee(offers over 150m considered 10m deposit) quick close not subject to approvvals etc..

small house on the land

agricultural land

1927 ACRES - MARTIN COUNTY,

MARTIN COUNTY, FLORIDA USA

ATTRIBUTES

1. IN PLACE AND FUTURE LAND USE OF 1 UNIT PER 5 ACRES - THUS 385 UNITS POSSIBLE

2. 2+ MILES OF WATERFRONT WITH MARINA POSSIBLE

3. INCOME FROM FARMING WHILE APPLYING FOR SITE PLAN APPROVAL

4. WATER AND SEWER ADJACENT BOTH TO THE EAST AND TO THE SOUTH

5. VERY LITTLE WETLANDS LESS THAN 10%

6. CLOSE TO VERY HIGH END PLANNED AND EXISTING GOLF COMMUNITIES INCLUDING GROVE 23, DISCOVERY LAND'S ATLANTIC FIELDS, ROSS AND PASCUCCI'S THREE LAKES, CHRIS SHRUMWAY'S NEW GOLF COMMUNITY, KENNY BASKT'S FRIAR'S HEAD SOUTH,

7. OVER 1 BILLION GALLONS OF WATER RIGHTS TO PUMP WATER FROM THE ST. LUCIE RIVER AS WELL AS RELEASE WATER BACK INTO THE RIVER.

8. LARGEST WATERFRONT PARCEL OF LAND IN ALL SOUTH FLORIDA WITH UNDERLYING A-1 OR 1 UNIT PER 5 ACRE ZONING IN PLACE.

9. ONLY WATERWAY IN FLORIDA THAT CONNECTS TO BOTH THE ATLANTIC OCEAN AND GULF OF MEXICO

_________________________________________________________________________

Daytona beach refi or equity partner

approved waterfront land development

Owner is seeking a loan refi. He needs $20MM for 18 months.

Daytona Bluetide

Vacant Land and Proposed Marina

135 East International Speedway Boulevard

Daytona Beach, Florida 32118

BBG File #012310162

PRICING=====Could possible be a sale at around $22-$23M if a quick close. Would also discuss a JV equity partner.

This is fully entitlled project.

We have all pertinent DD material

Any JV discussion in terms of % would be a discussion with the owner . At present he filed Chapter 11 to re org. He needs a refi, a buyout or possible JV discussion.

Drop Box Link: Need refi 18M, or JV partner with equity

Please see attached regarding capital needs for the recapitalization of the deal including LV loan payoff and marina buildout in two phases (1a&1b).

This would be the Plan (or one of) that we could put forward within the Chapter 11 process.

The below summary is from the attached worksheet and assumes the “as is “ value of the property today is $27.0M and LV loan payout is $16.0M.

Initial loan for $33.5M (with facility for 2nd advance of $10.0M) plus cash or mezz of $7,69,435 gets the wet slips and related improvements built and the entitlement (PCD) for the uplands.

The 2ND Phase (1b) would comprise of the 300 boat capacity dry storage and would require a 2nd advance on the senior loan in the amount of $10M and additional cash or mezz of $5,049,114.

Valuation upon completion and stabilization of the marina operations (see TAB marked Consolidated Wet & Dry) in year 2 of both wet and dry being online would be $79.0M and the approved uplands would add an additional $30.0M+ in value.

SOURCES Phase 1a:

New Loan-Total Initial Funding 65% LTC

$33,500,000

Land Equity

$11,000,000

Additional Equity Required

$7,069,435

TOTAL FUNDING-Uplands and Marina Wet slip Construction

$51,569,435

SOURCES Phase 1ba:

2nd Loan Advance Dry Slip Construction 65% LTC

$10,000,000

Borrower Additional Cash Equity - Dry Slip

$5,049,114

TOTAL Funding Dry Slip

$15,049,114

Total Sources

$66,618,549

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$1.6 billion + fee for acquisition and to start construction.

funding timeline ,they are ready now

INTRODUCTION

BRISTOL POINT IS A 2,200 PLUS-ACRE MASTER-PLANNED, MIXED-USE RESORT COMMUNITY.

2,100-ACRES IS THE FORMER GINN SUR MER DEVELOPMENT, BOBBY GINN'S FAILED DREAM.

100 PLUS-ACRES IS OLD BAHAMA BAY NOW UNDER THE CONTROL OF COAKLEY INTERNATIONAL

GUESTS CAN FLY INTO FREEPORT INTERNATIONAL AIRPORT ARE THOSE WITH PRIVATE JETS OR SMALL PLANES CAN TAKE ADVANTAGE OF ST MARTEN'S AIRPORT THE COMMUNITY'S PRIVATE AIRSTRIP. THOSE ARRIVING BY SUPER

YACHT OR PRIVATE BOAT MAY TAKE ADVANTAGE OF 1 OF 3 MARINAS. ST MARTEN'S AIRPORT IN OLD BAY MARINA IS A BAHAMA CUSTOMS PORT OF ENTRY.

PROJECT AT A GLANCE

THE VISION

BRISTOL POINT IS THE MOST INTERESTING AND READY-TO-BUILD PROPERTY IN THE GRAND BAHAMAS AND COAKLEY INTERNATIONAL IS POSITIONED TO SEE IT RISE. ORIGINALLY CONCEIVED AS A 1,800-ACRE MASTER-PLANNED

MIXED-USE DEVELOPMENT, IT NOW STANDS HALF-COMPLETED IN LIMBO, A VICTIM OF THE GREAT RECESSION OF 2008. WITH $480 MILLION IN INFRASTRUCTURE ALREADY INVESTED WHICH INCLUDES 611 FINISHED MARINA

LOTS, A PGA GOLF COURSE, A PRIVATE FULLY-OPERATIONAL AIRPORT ACCOMMODATING BOTH PLANES AND HELICOPTERS, A COMPLETELY FUNCTIONAL WATER & SEWAGE SYSTEM, AND 8 CONSTRUCTION-READY HOTEL PADS,

THE DEVELOPMENT IS RIPE FOR COMPLETION. COAKLEY INTERNATIONAL SEES THE OPPORTUNITY HERE AND IS POISED TO BRING IT BACK TO LIFE.

THE LOCATION

LOCATED JUST 55 NAUTICAL MILES FROM WEST PALM BEACH, FLORIDA, AND THE WESTERNMOST PART OF THE ISLAND, BRISTOL POINT IS EASILY ACCESSIBLE BY EITHER BOAT OR PLANE. IN ADDITION, THE 611 FINISHED LOTS

INCLUDE SOME OF THE MOST PRISTINE AND PICTURESQUE OCEANFRONT PROPERTIES ON THE ISLAND. ADD TO THAT THE 6.8 MILES OF CANALS CUT THROUGH CORAL AND LIMESTONE, BRISTOL POINT IS A WELCOME MAT FOR

YACHT ACCESS.

THE SITE

THE PROPERTY ALONE IS VALUED AT OVER $800 MILLION. THE PURCHASE OF THE PROPERTY AT A FRACTION OF THE VALUED PRICE WOULD ENABLE THE DEVELOPMENT TEAM TO COLLATERALIZE THE PROPERTY FOR FUNDING IF

REQUIRED. ONCE DEVELOPED, BRISTOL POINT PROMISES IMMEDIATE REVENUE STREAMS THROUGH THE SALE OF COMMERCIAL AND RESIDENTIAL LOTS AS WELL AS CASH FLOW GENERATED BY THE 125,000 SQ FT CASINO,

RESTAURANTS, MARINA AND RECREATIONAL AMENITIES.

THE DESIGN

COAKLEY INTERNATIONAL IS PROUD TO ANNOUNCE A PARTNERSHIP WITH WORLD-RENOWN ARCHITECT ALEXIS DORNIER. ALEXIS' PHILOSOPHY OF AMPLIFYING THE EXPERIENCE OF THE EXISTING LANDSCAPE WITH UNIQUE

INNOVATIVE DESIGN IS RIGHT IN LINE WITH COAKLEY INTERNATIONAL’S VISION OF ACCENTUATING THE BEAUTY AND AESTHETICS OF THE ISLAND LIFE. AS MENTIONED, OVER $480 MILLION HAS ALREADY BEEN INVESTED IN

INFRASTRUCTURAL COSTS PROVIDING A SOLID TEMPLATE ON WHICH TO BUILD THIS VISION.

THE TEAM

THE COAKLEY INTERNATIONAL TEAM BRINGS A WEALTH OF KNOWLEDGE AND EXPERIENCE FROM THEIR RESPECTIVE FIELDS TO THIS PROJECT. WITH OVER 20 YEARS OF EXPERIENCE IN REAL ESTATE DEVELOPMENT, SHANE

COAKLEY BRINGS AN EXTENSIVE RESUME OF ACHIEVEMENT TO LEAD THIS PROJECT. MOREOVER, SHANE HAS ASSEMBLED AN IMPRESSIVE TEAM WITH 5-STAR QUALITY AROUND HIM INCLUDING ZAC LUTZ AS MANAGING

DIRECTOR, KENNETH BORDEWICK AS PRINCIPAL DESIGNER, ALEXIS DORNIER AS LEAD ARCHITECT AND SCOTT JEPSON AS OPERATIONS MANAGER.

THE FUNDING

THE LAND IS CURRENTLY VALUED AT OVER $850 MILLION AND CAN BE PLACED AS PART OF THE DEVELOPMENT. THE ORIGINAL DEVELOPER INVESTED $480 MILLION IN INFRASTRUCTURE COSTS.

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