Angus Cartwright

When Cartwright Lumber Company was originally founded, it was owned by both Mark Cartwright and Henry Stark. However, Cartwright bought out Stark’s interest for $105,000 and became sole owner of the company. To finance this payment, Henry took out a $70,000 loan with an interest rate of 11% secured by land and buildings payable over 10 years at a rate of $7,000 each year.

During the recession in Miami some projects went into foreclosure and the Swire Properties purchased 5.65 acres in Brickell. The company was able to invest without public subsidies and bank loans, regardless of the risky investment, but they acquired the land at a 64% discount.

835-20-15-8 Land that is not undergoing activities necessary to get it ready for its intended use is not a qualifying asset. If activities are undertaken for the purpose of developing land for a particular use, the expenditures to acquire the land qualify for interest capitalization while those activities are in progress. The interest cost capitalized on those expenditures is a cost of acquiring the asset that results from those activities. If the resulting asset is a structure, such as a plant or a shopping center, interest capitalized on the land expenditures is part of the acquisition cost of the structure. If the resulting asset is developed land, such as land that is to be sold as developed lots, interest capitalized on the land expenditures is part of the acquisition cost of the developed land.

Imagine a woman with powdery, permed hair who smells of hairspray and flowery potpourri. She is an 87-year-old mother, grandmother, and great-grandmother who has found a new home at a retirement facility after her husband of 56 years passed away, but now that home is being taken from her. In its 48 years, Oaknoll, a retirement home and care facility located in Iowa City, has been a home for hundreds of residents. As a nonprofit organization, Oaknoll has little to offer the city financially. It does not pay property taxes and sits upon prime property along bustling Benton and Oakcrest streets. With the closing of Oaknoll, Iowa City plans to sell the land, potentially valued at over three million dollars, to private owners for the construction

Table 7 in the detailed analysis above shows the summary of the Discounted Cash Flow analysis performed for each of the four potential properties considered for investment. From the chart below, we observe that of the four properties, TFB has the maximum increase in reversion value at the end of the holding period, i.e. 10years. On a primarily income generation potential basis, Alison Green, with a Net Present value of the future rents at $734.29 looks attractive among the four options. Looking at the Investment ranks of the four properties with Simple returns and Discounted returns variables, Alison

Angus Cartwright III, an investment advisor, was asked to provide investment advisory services for two clients, John DeRight and Judy DeRight. They both wanted to purchase a property that (1) is large enough to attract the interest of a professional real estate management company and (2) has a minimum leveraged return on their investments of 12% after

The current assessed value of the property is stated at $400,000, however with the improvements to be made by the current owner, there is a projected value of $500,000. However, with Mr. Alexander making the improvements to the property himself, along with the average rents in the area increasing, the value is now projected to be worth $562,500 a 12.5% increase.

After analysis of Mr. Alexander’s proposal, it is obvious why he should take advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliable. In a similar vein, Alexander’s “DIY” approach is not only exemplar of naiveté, but also suggestive of many implications that were overlooked in his proposal. And, even more discouraging, a best-case scenario analysis reveals that even without

This report provides an analysis and evaluation of the current and prospective profitability of the Shady Trails property. Methods of analysis include trend, horizontal and vertical analysis as well as calculations such as Return on Assets, Return on Equity, Loan-to-Value ratio and the Gross Rent Multiplier. All calculations are found in the appendices.

Since remodeling the house, Sexton has been operating the property at a profit, with income from operations currently at $15,000. If we based the sales price on current net operating income and an 8.25% capitalization rate, Sexton should be able to sell the property for about $182,000. Exhibit 1 provides a sales price range between 162,000 and $207,000 based on a range of cap rates.

-Lack of a commitment for permanent financing--takeout or permanent loan was how most construction loans are repaid

Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest

Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest

The market value analysis will be either an appraisal by a member of the Appraisal Institute, opinion(s) of local real estate broker(s), analysis by the General Partner, or some combination of these. We anticipate that most Loans will be secured by improved or unimproved real property with respect to which the borrower intends to effect a change in use. The market value analysis for such properties will usually be supported by a third-party appraisal prepared on an "as completed" basis (i.e., an appraisal based on the assumption that the intended improvements will be completed). The market value analysis may also assume that all public improvements will be completed as proposed and that the property will be marketed and sold in the manner planned by the Borrower.

Lot number 56 is a 926 m^2 block with an 8% slope towards the back fence. Additionally there is a 3m easement along the back fence for surface drainage. All services (gas, water, electricity and communications) are located at the right hand side corner of the plot (looking from access road). Drive way access is located at the left hand corner of the plot (looking from access road).