I recently returned from a trip to VA Beach, VA to visit an unfinished Sports Complex 60% complete and an as is appraisal of $21 Million. The reason it is unfinished is the bank went under during the bank crisis and couldn't fund its commitment. Of course, we were also in the middle of a severe downturn in the commercial arena. Unfortunately, they met some unscrupulous lenders and paid unnecessary fees with no results. There is debt of $6.5 Million and need $7 Million more to complete. An old appraisal from 2010 states a completed value of approximately $30 Million and the cash flow is there to support it.
The Complex is an integral component of the Burton Station Strategic Growth Area (SGA) for the City Virginia Beach. The Complex provides the missing economic link for growth in the tourist industry. From late May to Labor Day, the tourist trade is at its peak for its vast and well hoteled beachfront.
Mr. Weldon met with Warren D. Harris, Director of Economic Development for the City of Virginia Beach, Lloyd B. Jackson- Business Development Manager, Al Hutchinson –Vice President of Virginia Beach Convention Center and Bureau and his assistant Nancy Helman - Director of Sports Marketing and the Bly-Holland management team. Our discussion centered the importance of getting the complex completed and having sports venues especially during the off peak periods. These would include basketball, track, swimming, football, lacrosse, field hockey, soccer, fitness center, boxing training, wrestling, banquet and conference rooms, Sports Medicine and Rehabilitation Center, Professional Football Training with Tom Shaw and an arena football league run by a NFL former All Pro Ken Easley. There will also be many non-sports events held promoted by Mr. Hutchinson and Ms. Helman. Mr. Hutchinson travels throughout the US promoting Virginia Beach and had numerous potential opportunities for the complex.
I also met with Katy Arris-Wilson President of Tide Swimming the area’s largest swim club and former national champion. She maintains a close relationship with USA Swimming and is highly supportive of the 50 Meter Olympic pool that will be built attached to the main building. She foresees using it as the club’s main training facility and hold regional events there.
To further support the growth of Burton Station, Simon Development Group will be constructing an outlet mall less than a mile from the Bly-Holland.
The City needs this venue completed and would like to know your level of interest for funding its completion.

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Please send me executive summary of your project to scharlesthomas1@gmail.com

or call Sam Thomas at Paramount Financial Partners (515) 554-5541

Howard,

We have sources that may be able to help with this deal. We have 35+ years of experience in commercial financing, with plenty of sources to fund loans. We would be more than happy to try to help you with this project. Please send me an Executive Summary and a copy of the appraisal and we can see if there is any interest. Please feel free to visit our website, and email me the information to waoconnell@yahoo.com. Good Luck!

Thanks Again,

Will O'Connell

Will,

Please send me your phone #

Thanks

Howard

401-525-6544

Our investors may have a interest, I would needs to review loan summary, breakdown on additional cost to complete to start and business plan if available with appraisal.

John Broussard

Newbridge Investments

713-777-9996 Ext 103

Direct: 832-429-4389

commercial.privateorhardmoney@gmail.com

Howard,

Please send executive summary to stonecreekfs@yahoo.com for lender review.

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Thank you,

Howard,

I believe I can help. Please give me a call so we can come up with the best options possible. there are quite a few ways for us to get this done. I am working on a very similar project at the current moment in Florida with the same story.

My direct line here at Johnson is 5613371447.

Howard,

I would love to have a look at this and see if our lenders have an intrest and what value we can add.

Please send the executive summary, appraisal and any other documents you have that might be helpful.

Please feel free to visit www.easteruc.com to see more about Easter Union and what we do.

If given the opportunity, I will not let you down.

Most importantly, If we don't have the right package for you or can not add value I will tell you upfront, If there is a better move, I will recommend it. I will have feelers within a day.

I look forward to working with you.

Best,

Leah Pollack

732-301-3929

Contact me

proloans@comcast.net

561-444-9460

Marie

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Good Day,
ARTI YATIRIM HOLDINGS A.S. (ARTI), is working on expanding its international portfolio Globally and financing projects We would be happy to receive an NDA / Executive summary to see if you have any Viable project we can finance and partner together by making financial investment in Form of soft loan.
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Assistance executive Investment Coordinator

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