ASSET MANAGEMENT
CCS Seller of Condo Projects 
Our Deal Criteria
We are looking for bulk deals from sponsor/developers, builders and lenders of non-performing notes or REO, of no fewer than 20 units. With partner cash on hand we can acquire deals from $5 to $100 million with a strong preference for:
- Failed condo conversion projects;
- Unsold or partially sold new construction;
- Partly completed new condo development;
- Notes in default (both mezzanine and first mortgages);
- Deals in bankruptcy or foreclosure.
We believe we can add the most value to partially sold or fractured deals – projects that have sold some units, but now have to be operated as hybrid rental projects until the condo market bottoms out. The ideal property has sold fewer than 50% of the total units, which allows us to maintain control of the HOA. Our expertise in both condo rental operations gives us a unique advantage to quickly analyze and plan the asset even if it remains a hybrid (part condo – part apartment). Our partners have specialized in acquiring and successfully operating “busted condo” deals.
- Quick due dilligence
- Close for cash
- High expertise and realism
- References & Buyer Qualfications available upon request
