Central Avenue Townhomes, Palm Coast Resort Earn Early Returns

SANFORD, Fla.–(EMWNews)–Commercial Alliance Group (CAG), a Central Florida real estate

development and financial services firm, has made early distributions to

its individual and institutional accredited investors in two private

offerings. The early distributions are related to the company’s

positions in Central Florida real estate development projects. The

projects include a moderately priced commercial/residential development

in the Orlando suburb, Oviedo, FL and the Palm Coast Resort, a

luxurious waterfront condominium resort in Palm Coast, FL.

Commercial Alliance Group Vice President Scott Colon noted that

the final redemption distribution on the Central Avenue Townhomes

private offering was nearly two years ahead of schedule. The first

distribution to Palm Coast Resort investors came from new

condominium inventory resale proceeds less than three months after the

company acquired the waterfront condos in a bulk purchase from Centex

Homes, a publicly traded national homebuilder.

Central Avenue Townhomes: Oviedo, Florida

Commercial Alliance Group was the exclusive senior capital

placement agent for the townhomes and office project, and directly

funded a mezzanine loan facility of up to $1 million. Since funding the

project in November 2006, CAG worked with the developer to

acquire an adjoining parcel and expand the townhome project from 52 to

58 units.

“As a result of a project refinancing

concluded during the tenure of our exclusive senior capital placement

agency, our mezzanine loan was prepaid in July. In accordance with the

terms of our private offering related to the mezzanine loan, our

investors’ interests in the loan were fully

redeemed earlier than forecast,” CAG

Vice President Scott Colon said. “This deal

was expected to mature in June 2010 but went full cycle for our

investors in approximately one-half of the contract term. While this

transaction was small in terms of the typical transaction in our

portfolio, we are very pleased with the results.”

Palm Coast Resort: Palm Coast, Florida

Commercial Alliance Group made its first distribution to

investors from its first condominium inventory resale proceeds in

accordance with the terms of the company’s

private offering.

Commercial Alliance Group purchased 31 of the 72 luxury

condominiums on the Intracoastal Waterway from Centex Homes, which

completed the project in 2007. All condominiums at the Palm Coast

Resort range in size from 1,350+/- to 2,000+/- square feet of living

space and feature upgraded finishes, stainless steel appliances, granite

countertops, screened patios, and views of the Intracoastal Waterway. Palm

Coast Resort also includes a 96-slip marina.

Each of the company’s purchasers may apply for

membership in The Ocean Club at Hammock Beach, an exclusive Ginn

Resorts facility located within 3 miles of the Palm Coast Resort.

Memberships are restricted to property owners in select Ginn and Centex

communities. The Ocean Club at Hammock Beach members may enjoy

fine dining, the oceanfront complex of five pools, and indulge in the

10,000-square-foot spa. Members may enjoy world-class golf on the Jack

Nicklaus-designed Ocean Course and the Tom Watson-designed Conservatory

Course. Equity golf membership upgrades are available.

Centex released these units for preconstruction sale in August

2006 at prices ranging from $875,000 to $1,345,000. CAG has

opened a sales office at the Florida resort located approximately 80

miles northeast of Orlando situated on the Atlantic coast midway between

St. Augustine and Daytona Beach, where prices now start at $430,000. Stirling

Sotheby’s International Realty has been appointed as CAG’s

exclusive sales and marketing representative for Palm Coast Resort.

For details visit www.livethedreamfla.com,

or contact sales director, Luke O’Reilly, [email protected].

More Florida Projects Sought

Scott Colon noted that Commercial Alliance Group is experiencing

growth in both its financing and real estate development divisions. With

its portfolio performing well, CAG is looking for more

acquisitions and finance opportunities.

“The liquidity crisis in the banking industry

has contributed to our growth,” Colon said. “Our

lending and financing operations are expanding to provide senior

acquisition and development credit in addition to our traditional

subordinate debt and equity products.

“We continue to look at and acquire

world-class properties in Florida and other markets previously

characterized by high growth and rising asset values. We are especially

interested in resort, waterfront communities with marinas and

hospitality and gaming projects. We are positioning the company to be an

important player now and in the future as real estate market conditions

improve. We are enjoying a time of opportunity and prosperity which we

are sharing with our investors.”

About Commercial Alliance Group

Commercial Alliance Group, Inc. (www.commercialalliancegroup.com)

is an integrated real estate development and financial services advisory

firm providing capital and consulting services to qualified developers.

In addition to being a real estate development company, it is a direct

provider of senior and subordinate debt and equity capital. Commercial

Alliance Group, Inc. provides business, financial and strategic

planning services to its real estate developer clientele. The company’s

real estate development ventures and debt and equity-financing products

form the platform for investment opportunities available to individual

and institutional accredited investors through its Broker-Dealer

representatives, an innovation developed by the principals of Commercial

Alliance Group. The Sanford, FL-based company serves as the bridge

between the real estate development project concept and the capital

necessary for the project’s success.

For more information, visit www.commercialalliancegroup.com

or call Scott Colon, Vice President of Commercial Alliance Group, at

(407) 330-3062. For Broker-Dealer information contact Mark Arnold, [email protected].

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions