Our ability to bring unique talents in the realm of creative commercial finance, commercial real estate re-marketing, and stellar negotiations sets us apart from our competitors.
New York, New York (PRWEB) December 30, 2014
Recent joint venture with a Manhattan based real estate developer has propelled DICARO & ASSOCIATES onto the ultra competitive scene of acquiring and repurposing defaulted commercial mortgages and foreclosed commercial buildings in major metropolitan areas of the United States. They announce final negotiations for the acquisition of a market making distressed commercial building in desirable SoHo district of ultra expensive Manhattan, New York City.
Nicholas di Caro, creative visionary and founder of DICARO & ASSOCIATES says, “Our ability to bring unique talents in the realm of creative commercial financing, commercial real estate re-marketing, and stellar negotiations sets us apart from our competitors.” He goes on to jest, “It also helps to have a hungry billionaire in our back pocket that will eat up any great commercial real estate deal up to $100M!”
Due to the size of the transaction, and the desirability of the location, no specific details about the address or purchase price will be released until after the acquisition. The only specific details released are that the building is currently being used as office suites with a few street-side retail spots, and will be 70% demolished and repurposed as a boutique hotel.
Nicholas di Caro is the Senior Investment Partner for DICARO & ASSOCIATES, LLC. Operating in all 50 states from their Chicago, Illinois location, they invest in performing and non-performing real estate notes from $5,000 to $5,000,000. They are actively buying privately held mortgage notes, deeds of trust, and land contracts secured by single family residences, mobile homes with land, and commercial properties. Most recently they have expanded their purchasing ability for physical commercial buildings, billboard ground leases and cell phone tower leases. They have the ability to buy notes that other companies have denied, in addition to providing creative purchase options that are new to the industry. Learn more at http://www.nicholasdicaro.com