Builder Client Purchases side-by-side Properties with help from Blue Pacific RE
A builder client successfully purchased two Ravenna properties next door to each other due to negotiations and diligence of Blue Pacific RE. The first purchase was an active listing (MLS 1390995) that we were successful on versus multiple other competing offers. The property next door was not listed but through our due diligence we were able to secure that property as well. Anytime you can redevelop two houses at the same time, you undoubtedly will end up with cost efficiencies in the long run.
Finding suitable redevelopment opportunities for our builder clients and representing the sale of the future new homes is a large portion of what Blue Pacific Real Estate does. For these two purchases, we referred a mortgage professional who was able to align our clients with traditional purchase loans. These purchases often end up utilizing hard money loans at substantially higher loan fees and interest rates. We estimate our client will save approximately $25-30,000 in lower finance costs during their holding period prior to obtaining construction financing. Another example where Blue Pacific Real Estate excels in assisting our clients every step of the way.