Eastern Coast Management, LLC Announces Completion of Note and Mortgage Purchase and takes Deed in Lieu of Marina in Little River, Florida
RE Palm Beach Partners, LLC buys note and mortgage secured by BW Marina in Little River, South Carolina and takes deed in lieu.
Cape Canaveral, FL (PRWEB) August 31, 2004 -- Frank Crivello, Managing Member, Eastern Coast Management, LLC (ECM") announced that RE Palm Beach Partners, LLC, ("REPB") a limited asset entity it created and owns equally with an investor, closed on its purchase of a note and mortgage secured by the land at BW Marina, Little River, South Carolina. In a separate transaction, REPB took a deed in lieu of foreclosure from the fee owner of the land and improvements.
ECM Managing Member Frank P. Crivello stated: "We were excited to acquire this marina. We believe it has great promise."
About Eastern Coast Management, LLC www.ecmgt.net:
Eastern Coast Management, LLC ("ECM") is focused on real estate and marine investments in southeastern United States. For approximately twenty five years, as principals, ECMs team has been involved in all faucets of real estate development, rehabilitation, and investments. In addition, ECMs team has offered professional management and advisory solutions to public and private companies, trusts, and individual investors. For approximately five years, as advisors or principals, ECMs team has been involved in marine investments of various types.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the ECM could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in ECM's operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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