Americo Opportunity Fund Newsletter q 12013
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MANAGER’S NOTE Inside this issue: January 2013 Q4, Issue1 COMPLETED PROJECTS Completed Projects- P.1 Projects in Process- P.2 Recent Acquisitions– P.3 REHAB EXPENSES Management Fee 6,114 Renovation Expenses 40,759 Total Rehab Expenses -46,873 SALE EXPENSES Closing Costs 5,095 Sales Commissions 33,000 Total Sales Expenses -38,095 Net Expenses & Commissions 84,968 Net Sale 515,032 Net Funds From Operations 56,852 RETURN 11.65 % In 88 days Investment Summary Gross Assets (Purchase Price) 455,000 Acquisition Costs 3,180 Net Real Estate Costs (Net Assets) 458,180 INCOME STATEMENT Net Asset Value 600,000 27622 Durham, Mission Viejo “Opening Doors to Your Investment Success”! Our common interest in purchasing distressed real estate assets, improving them, and then selling our model perfect homes to local families, provides our investor a secure investment vehicle with a return not seen in many other secure investments. Additionally, your investment dollars are liquid as they are typically only held for four to six months and then rolled into a new purchase. The process begins with our tenacious property searches that pin point physically distressed properties with the most potential. Then our “In House” interior design team reinvents the property. Wall configuration changes, chef kitchens, current yet timeless color schemes, and furniture quality cabinetry take it to today’s highest standards. In 2012 AOF was able to sell many acquired properties throughout OC and LA counties at the very top of the market due to the quality of the final fit and finish. 2013 is sure to be big as AOF is in the midst of a substantial capital campaign to complete its fund raising goals. Additionally staff and resources have been acquired in order to bring our Fund Member monthly and quarterly updates via email and our website. Americo Opportunity Fund is dedicated to MEMBER INVESTMENT UPDATE
description
Newsletter for Americo showing updates to aquisitions and sales
Transcript of Americo Opportunity Fund Newsletter q 12013
MANAGER’S NOTE
Inside
this issue:
January 2013 Q4, Issue1
27622 Durham Mission Viejo
COMPLETED PROJECTS
Completed
Projects- P.1
Projects in
Process- P.2
Recent
Acquisitions– P.3
REHAB EXPENSES
Management Fee 6,114
Renovation Expenses 40,759
Total Rehab Expenses -46,873
SALE EXPENSES
Closing Costs 5,095
Sales Commissions 33,000
Total Sales Expenses -38,095
Net Expenses & Commissions 84,968
Net Sale 515,032
Net Funds From Operations 56,852
RETURN 11.65 %
In 88 days
Investment Summary
Gross Assets (Purchase Price) 455,000
Acquisition Costs 3,180
Net Real Estate Costs (Net Assets) 458,180
INCOME STATEMENT
Net Asset Value 600,000
27622 Durham, Mission Viejo
“Opening Doors to Your Investment Success”!
Our common interest in purchasing distressed real estate assets, improving them, and then selling our
model perfect homes to local families, provides our investor a secure investment vehicle with a
return not seen in many other secure investments. Additionally, your investment dollars are liquid as
they are typically only held for four to six months and then rolled into a new purchase.
The process begins with our tenacious property searches that pin point physically distressed properties
with the most potential. Then our “In House” interior design team reinvents the property. Wall
configuration changes, chef kitchens, current yet timeless color schemes, and furniture quality cabinetry
take it to today’s highest standards. In 2012 AOF was able to sell many acquired properties
throughout OC and LA counties at the very top of the market due to the quality of the final fit and finish.
2013 is sure to be big as AOF is in the midst of a substantial capital campaign to complete its fund
raising goals. Additionally staff and resources have been acquired in order to bring our Fund Member
monthly and quarterly updates via email and our website. Americo Opportunity Fund is dedicated to
MEMBER INVESTMENT UPDATE
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From unwelcoming and outdated to a
stunning Costa Mesa (Newport Heights) oasis. With meticulous
renovations this quickly sold home
showcases an amazing brand new chef's
kitchen with all new solid wood cabinets,
Carrera marble counters, wine closet, and
stainless steel
appliances. The
home’s lighting,
plumbing and
electrical was upgraded. The AOF design
team reconfigured this home to today’s
standards with an amazing master retreat
with enormous walk in
closet, new doors, new hardwood floors, and
completely remodeled bathrooms with travertine.
The huge pool in back, with the possibility of
indoor/outdoor casita made it irresistible to buyers.
(See AOF artist’s
rendering)
Caption describing picture or
graphic.
2007 Santa Ana Avenue
PROJECTS IN PROCESS
COMPLETED PROJECTS continued
BEFORE...
AFTER
UNSIGHTLY
SECRET OASIS
This equestrian property can be built to suit. Exterior and grounds are meticulously designed and maintained, including a phenomenal GUEST HOUSE (one bedroom one bath), a $150,000 three stall stable, with tack room, and paddock, (Board your horses or other’s for income). Also there’s a resort style
pool and spa, and even an amazing tree house for the kids! It is truly one of a kind. The main house interior started as a blank slate. (Stud walls) AOF’s design team is refining this home down to the last detail. However, an early buyer can work with the designer to build to suit anything from cabinetry, flooring, colors, finishes and styles. This
property boasts a grand entry with formal living room, formal dining room, study, open concept kitchen, butler’s pantry, huge laundry room, and family room. French doors lead out to the deck and gorgeous layers of entertainment and recreation with multiple paths leading you throughout the property. It is simply one of the best properties you will find in Nellie Gail Ranch.
Broken Bit Lane
“Opening Doors to Your Investment Success.”
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With its panoramic views, this
home was truly a diamond in the
rough. All new windows and sliders
purposely enhance the ocean, hill,
and city light views. This 3 bedroom
2 bath 1630 square foot, single level home now has all new flooring,
plumbing and electrical throughout. AOF’s design team created a
brand new, open concept kitchen with
stainless appliances and solid wood
cabinetry making this an entertainer’s
dream. This 12,000 square foot lot with
great curb appeal even has ample room for
RV parking. No HOA dues is an additional
bonus to buyers!
In escrow at full price in 2 days!
The highest price per square foot in the area!
25272 Sea Rose Court,
Dana Point CA
PROJECTS IN PROCESS continued
“Opening Doors to Your Investment Success.”
Scott Weidenhammer CEO Silver Rock Advisors
Fund Manager
25431 Cabot Road Suite 200
Laguna Hills CA 92653
Phone 949-244-4500 Fax 949-269-0114
Charming and
completely upgraded
this 4 bedroom, 2 bath, East Side Costa Mesa
home includes an inviting upstairs master suite,
3 bedrooms main level and an oversized
backyard. Upgrades include NEW wood floors, granite counters,
stainless appliances, lighting, plumbing fence and sprinklers. Extra wide
back alley provides easy
access to a 2 car garage and
potential RV parking.
RECENT ACQUISTITIONS
1890 Orange Avenue
