LuxSavi Group, is an asset management company with strong focus on allocating bulk portfolios of distressed assets all over the nation directly from Banks/Hedge Funds/Private Equity/FDIC/Affiliates in the following asset groups:
- Commercial Performing and Non-Performing Notes
- Apartment Units (12 to 1000 units or more)
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- Entitled Land/Broken-down Developments/Subdivisions
- Residential Performing and Non-Performing Notes
- Bulk Single Family Homes/Condos/Multi-Family Residential
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Every deal is customized to specifics and client's needs, but typical investment process comprises of several steps:
- Buyer must demonstrate POF (can be a letter from the Buyer's bank verifying the availability of funds and bank's representative contact information)
- Upon that demonstration, Buyer may submit Letter of Intent (LOI) via email to us indicating what Buyer specifically is looking for (assets class, cap rate, location, investment amount, etc.)
- Buyer signs NDNC agreement with LuxSavi Group Inc.
- After NDNC is signed, depending on proposed size of Purchase, Institutional Seller or Authorized Bulk Vendee, we will provide corresponding portfolio within one to two weeks, or sooner
- Buyer will review presented list(s) of assets and in turn will forward Indicative Bid at Asset Level Pricing, Seller or authorized Bulk Vendee will accept bid and forward LOI, Confidentiality Agreement (CA) and Purchase & Sale Agreement (PSA) on Letterhead
- Upon execution of Seller's or authorized Bulk Vendee's LOI and CA, Buyer will commence 10 Day Due Diligence Period (DD) excluding weekends and holidays
- Upon completion of DD, Buyer and Seller will negotiate FINAL OFFER and Buyer will place 10% HARD DEPOSIT to freeze Assets & open escrow
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