....this trading platform is another tool to help owners rid their assets...
Fort Lauderdale, FL (PRWEB) July 26, 2012
Skywater Exchange LLC, a division of Skywater Group of companies is seeing increased traction in the luxury asset trading market, with people from around the world contacting the company about assets they have that they would consider swapping or exchanging for other assets the company has on its books.
“We are in the process of updating our web site, due to increased demand for this service” states Larry Morales, founder and partner in the company. With $24 million of assets currently “in due diligence” and a couple of hundred million dollars worth of assets on their books (most “off market”), the company is looking for planes, yachts and to a lesser extent, real estate to meet the demand for trades.
While there have been a lot of distress sales and foreclosures over the last 3-4 years, virtually all of the assets that Skywater Exchange deal in, are free and clear properties, whose owner isn’t under water. “We typically deal with sophisticated owners, with multiple assets and while not under financial duress, are ready to move on to new “adventures” states Kevin Ralph, the other partner of the company.
“Some owners are surprisingly flexible”, continues Ralph “one owner has a 57’ 2008 Bertram sportfish with only 350hrs on her and he would consider any type of Florida real estate, even add cash!”.
For a complete overview of what the company has to offer contact Skywater Exchange at 954 607 4238 or go to their website at http://www.skywaterexchange.com