Details
THE OVERVIEW
Fisher Auction Company is pleased to present the Investment Opportunity in the UCC Sale of OP Development FL, LLC’s 100% Membership Interest in Cornerstone-ICM Oak Plantation, LLC, a Delaware Limited Liability Company.
The Collateral
A. OP Development FL, LLC’s (“Pledgor”) 100% membership interest in Cornerstone-ICM Oak Plantation, LLC, a Delaware limited liability company (the “Borrower”), together with the certificates (if any) evidencing the same (the “Pledged Interests”);
B. all ownership interests, management rights, membership interests, shares, securities, moneys, instruments or property representing a dividend, a distribution or return of capital upon or in respect of the Pledged Interests, or otherwise received in exchange therefor, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Interests;
C. all rights of Pledgor under the Relevant Documents (as defined below) or any other agreement or instrument relating to the Pledged Interests, including, without limitation, (i) all rights of Pledgor to receive moneys or distributions with respect to the Pledged Interests due and to become due under or pursuant to the Relevant Documents, (ii) all rights of Pledgor to receive proceeds of any indemnity, warranty or guaranty with respect to the Pledged Interests, (iii) all claims of Pledgor for damages arising out of or for breach of or default under a Relevant Document, and (iv) any right of Pledgor to perform thereunder and to compel performance and otherwise exercise all rights and remedies thereunder; and
D. all proceeds of and to any of the property of Pledgor described in clauses (a) through (c) above and, to the extent documenting any property described in said clauses or such proceeds, all books, correspondence, credit files, records, invoices and other papers.
E. Cornerstone-ICM Oak Plantation, LLC, a Delaware limited liability company’s ownership of a 219 Unit Multifamily Development.
The Real Property Collateral Highlights
219 Units in a Multifamily Garden/Low Rise Development
Prime Location in Kissimmee, Florida, just minutes to Disney World and Area Attractions
Complete Renovation was initiated by the current owner in 2023 and subsequently ceased after improvements were performed
Easy Access to I-4, Florida’s Turnpike and Orlando International Airport
Close Proximity to Fine Dining, Shopping, Education and Healthcare Facilities
Land Site totaling 17.21± Acres that incorporates 15 Residential Buildings and 1 Common Building
Located in strong MSA with above average employment and lower than average unemployment statistics
Ample Surface Parking totaling 357 Spaces and Select Units with Garages
Project Amenities include a Swimming Pool, Clubhouse, Fitness Center, Dog Park, and Barbeque Area
Existing Fire Sprinkler System and Smoke Alarms
For More Information Please Email - info@fisherauction.com
