Pit & Quarry, July 2012
For Classifi ed Advertising contact Dino Vitanza 800 669 1668 ext 3744 Fax 216 706 3710 E mail dvitanza@ northcoastmedia net Payment must be received by the classifed closing date Visa MasterCard American Express accepted Questex Media Group Inc 275 Grove St Suite 2 130 Newton MA 02466 For Sale Professional Services For Sale Mortgage Loans for Sale Estero Holdings LLC 21751 Corkscrew Road Estero Florida The loans for sale are senior and junior mortgage loans in the aggregate original principal amount of 53200000 originally made by a commercial lender to Preferred Unlimited of Corkscrew LLC a Delaware limited liability company the PUC and an affiliate The property securing these loans is the Corkscrew aggregates mine property located at 21751 Corkscrew Road Estero Lee County Florida the Property which is owned by PUC After the borrowers defaulted on these loans Estero Holdings LLC a Delaware limited liability company the Seller purchased these loans from the original commercial lender in March 2012 The Seller and the borrowers are affiliates The Propertys primary use is the mining of gravel rocks and sand for construction purposes The Property consists of 620 acres of land of which 322 acres may be mined However it is not presently an operating mine It is located 10 miles from U S Interstate 75 12 miles from the Gulf of Mexico 28 miles from Naples Florida and 30 miles from Ft Myers Florida The site is approximately 20 minutes from Southwest Florida International Airport often called Fort Myers Airport The Seller is offering these loans for sale in a private auction All bids will be due by 5 00 p m ET on July 15 2012 and closing of the sale will occur no later than July 30 2012 These deadlines are subject to change in the Sellers sole discretion The minimum bid amount is 9000000 All persons interested in bidding should contact Shasta Moore at P 484 639 8028 or SMoore@ Preferred com to obtain further information about the loans the Property and the auction process 132 PIT QUARRY July 2012 www pitandquarry com
You must have JavaScript enabled to view digital editions.
