Bid Deadline February 24
27 MULTIFAMILY, OFFICE, LAND, LUXURY SINGLE-FAMILY HOME & STUDENT HOUSING DEVELOPMENT OPPORTUNITIES Throughout Miami, Florida & Crystal Lake, Illinois
The Properties are Available for Purchase Individually, in Any Combination, or in the Portfolio's Entirety. Exceptional Opportunity to Acquire High-Value Properties in Desirable Areas at Various Stages of Completion!
ON-SITE INSPECTIONS
All properties that are under construction will be available for inspection at pre-scheduled dates and times. Those dates and times will be announced soon. Registration will be required prior to being allowed to inspect the properties. All vacant land parcels can be viewed at your convenience.
PROPERTIES AVAILABLE
MIAMI PROPERTIES | PORTFOLIO 1
Coconut Grove Neighborhood
3,700± SF Single-Family Home
18,600± SF Townhouse Development
Accepted $4,000,000
Stalking Horse Bid
21,130± SF Development Land
36,160± SF Development Land
Little Havana Neighborhood
9,300± SF Townhouse Development
18,600± SF Townhouse Development
5,670± SF Multifamily Development
19,030± SF Townhouse Development
12,150± SF Multifamily Development
12,060± SF Multifamily Development
13,670± SF Multifamily Development
21,400± SF Multifamily Development
12,200± SF Development Land
5,670± SF Development Land
17,800± SF Development Land
17,270± SF Development Land
6,780± SF Development Land
Illinois Properties
Crystal Lake Neighborhood
7,700± SF Office
90,000± SF Development Land
MIAMI PROPERTIES | PORTFOLIO 2
Coconut Grove Neighborhood
.14± AC Development Land
.10± AC Development Land
Little Havana Neighborhood
5,400± SF Multifamily Land
6,750± AC Multifamily/Retail Land
Upper East Side Neighborhood
13,770± SF Multifamily Land
18,950± SF Multifamily Land
6,240± SF Multifamily Land
Illinois Properties
Crystal Lake Neighborhood
.43± AC Development Land
OFFER PROCEDURE
Offers are to be submitted to Hilco Real Estate as soon as possible. The subject properties are all in the U.S. Bankruptcy Court of the Southern District of Florida and sales are subject to court approval.
Process to submit an offer:
1) Submit your offer on the approved Asset Purchase Agreement located in our data room.
2) Include a 10% earnest money deposit with your offer, wiring instructions are in our data room, your earnest money is non-refundable if you are the final purchaser.
3) Include proof of funds or a noncontingent bank letter showing immediately available funds to complete the transaction.
All offers will immediately be reviewed with the Chief Restructuring Officer for this case to determine if they qualify for presentation to the bankruptcy court. Once qualified, your offer will be published and made subject to higher and better offers as part of the court ordered sale process. You will receive protections for being the first qualified offer such as, a small breakup fee if you are out bid, limited input on the bidding procedures, and the ability to over bid if you choose. All final purchasers will get clean title, free and clear of all liens.
Note: Offers can be made on multiple properties within Portfolio 1 or multiple properties within Portfolio 2, offers can not be made for multiple properties across the two portfolios. If you have interest in properties in both portfolio’s they will need to be submitted on separate Asset Purchase Agreements. Also, if an offer is placed on multiple properties within a portfolio, your offer will need to specify a price for each property within the Asset Purchase Agreement.
The information contained herein is subject to inspection and verification by all parties relying on it to formulate a bid. No liability for its inaccuracy, errors, or omissions, are assumed by the Sellers, their representatives or Broker. ALL SQUARE FOOTAGE,
ACREAGE AND DIMENSIONS CONTAINED HERE-IN ARE APPROXIMATE. This offering is subject to prior sale and may be withdrawn, modified or canceled without notice at any time. This is not a solicitation nor offering to residents of any state where this offering may be prohibited.
© 2021 Hilco Global, LLC.