Comments on: Bridgeview at HFL’s 64 unsold units sell for $20.3 million

By: new media marketing

new media marketing — Thu, 03 Dec 2009 02:54:50 +0000

That looks like a great deal!
But they have to up their marketing efforts to get them sold out.

By: Tanah di Jakarta

Tanah di Jakarta — Tue, 01 Dec 2009 03:01:53 +0000

Great deal! good strategy and news for buyers with some capita.

By: Mitch

Mitch — Wed, 14 Oct 2009 15:58:33 +0000

I am not sure where you got the impression this deal wasn’t a cash flow producing deal? Just because they might sit on them for a year or so to appreciate in value before starting to sell again (the new owners said they are not going to rent them) doesn’t mean it was a bad investment. Everything is speculative, but either way, purchasing these 64 condos on average for nearly $100/SF is just incredible for 2004, 2006 or even 2009 prices. They are worth much more than that in any of these respective “speculative” markets. Remember, they do not have a loan attached, so if they go onto the market now and sell them for $150/SF, which in my opinion would be STEALS…they would come out with $10 million profit, and if they wait a year and sell then at $200/SF…still a STEAL, they make a swift $20 million profit…

By: Dallas Custom Home Builder

Dallas Custom Home Builder — Wed, 14 Oct 2009 01:59:16 +0000

If they didn’t buy these things for cash flow, i.e. how much does the unit cost and how much does it rent for, then it’s pure speculation and not true investing. It makes no sense buying something and thinking you got a good deal relative to what the peak market was. The peak was fake!

By: kelowna marketing

kelowna marketing — Wed, 07 Oct 2009 17:12:43 +0000

I’m no real estate agent but in just doing some quick math its looks that that would be a amazing deal…if you had the money that is…

By: גינון

גינון — Mon, 05 Oct 2009 12:42:05 +0000

sounds like an awesome deal, I hope to hear more about it in the future.

By: שירותי תרגום

שירותי תרגום — Fri, 02 Oct 2009 13:59:22 +0000

I dno’t think it’s a bad deal.

By: Double Glazing

Double Glazing — Fri, 02 Oct 2009 08:59:19 +0000

Wow! That is a little bit too much in my opinion.

By: St. George Homes

St. George Homes — Mon, 28 Sep 2009 20:39:28 +0000

The investor scored big time. Dont pay attention to these guys saying he over paid. That guy will double his money without a problem on that investment.

By: MItch

MItch — Fri, 18 Sep 2009 18:54:49 +0000

The investors can definitely stomach these units as they paid 100% cash for them…no loan!! Surprisingly are many investors out there that do have private capital and access to new capital as well. The abundance of money being loaned most certainly not like 3 years ago, but the smart companies/private investors that played the game during the end of the boom semi-conservatively are able to make amazing purchases right now. For the price they purchased the units at, they could market them right now for prices much lower than Suncor originally had them at, and they could still make a profit. Since they paid cash…yes they can wait…and then make much more money when prices creep back to “normal” levels.