Wholesale OfferAn independent Complete Self Contained Appraisal dated May 5, 2005, has established the following values for our
Mertz condominium project:
Retail Value (individual unit sales) $975,000
Wholesale Value (finished project liquidation) $825,000
Exposure Time (individual unit sales) 6 - 18 months
For a limited time, we are offering the completed project at the Wholesale Value of $825,000. However, individual
units will be offered for sale. Therefore this offer expires upon the sale of an individual unit. Estimated
completion of the project is late July 2005.
Based on the appraisal information above, investment returns can be estimated at:
Annual rate of return for 6 month exposure 33.88%
Annual rate of return for 18 month exposure 11.19%
Please take the time to view the project information at http://www.northcoastholdings.com/wholesale.
The appraisal referenced was used for a construction loan to finish the project. An appraisal summary is available
upon request. The appraisal was commission by the lender and is an independent analysis of the project.
Charles Hamilton
North Coast Holdings LLC
Office 440-331-2019
Fax 440-331-4336
info@northcoastholdings.com
DISCLAIMER OF ELECTRONIC TRANSACTION: This communication does not reflect an intention by the sender or to conduct
a transaction or make any agreement by electronic means. Nothing contained herein shall constitute an electronic
signature or a contract under any law, rule or regulation applicable to electronic transactions.
