The Note House Purchases REO Pool of Atlanta & Florida Residential Homes
Friday, October 5, 2012 | 0 Comments
CLEARWATER, FLORIDA (October 4, 2012)—Building on its continued success in the non-performing defaulted loan market and the purchase of REO pools nationwide, The Note House announces the purchase of a new REO nationwide pool of residential homes.
President and founder of The Note House Fabian Calvo explained that the firm recently bought a distressed pool of REO residential homes in multiple states from an undisclosed Texas based REO fund that closed on October 2nd, 2012. The REO pool consisted of residential homes in the Atlanta, GA metro area and residential homes in Florida.
“The Note House has been able to continue to expand its presence in the distressed residential REO asset class as well as cultivate its own REO pool by buying discounted residential and commercial notes. Our investors are very happy with the 12% plus returns we continue to offer on deals just like these,” said Calvo.
Calvo added, “We continue to grow rapidly and attract investment capital from around the world. Our in house economic forecasting predicts a continued opportunity in the distressed discounted residential and commercial notes asset class for years to come. This is an excellent time for investors to invest in an asset class where you can buy at a significant discount and have great collateral backing their investments. Unless someone is trading stock options, I can’t think of another asset class with yields in the double digits.”
The Note House recently released its strategic growth portfolio plan which is available to interested investors to review upon request. “The firm is seeking to raise an additional $20 million over the next quarter in order to take advantage of the hundreds of trading partner relationships it has fostered globally since its creation 2011,” Calvo said.
The Note House LLC is a premiere nationally recognized purchaser of commercial and residential mortgage notes and REOs. Dedicated to simplifying the process of complex real estate transactions, The Note House team relies on in-depth market research and its combined experiences to ensure that each transaction is streamlined resulting in a win-win for all parties involved. For more information, visit: www.thenotehouse.us