Fractured Condo
Fractured Condo Division
The CCG Fractured Condominium Projects Division acquires broken condominium projects in which the developer was unable to finish selling out their condominium conversion or development units. CCG will typically operate these broken condominium projects as multifamily apartment communities for 5-10 years, or until the residential housing market recovers. If and when the condo market recovers, CCG will sell the remaining units as condominium homes at a premium or keep the project as a stabilized rental community long term.
Property Types
- Single properties with a minimum of 100 units
- Garden, townhouse, mid-rise, and high rise apartment or condo communities
- Primary and secondary MSA’s throughout the United States
- Markets with stable or growing population, employment, and rents
- Class C+ to A+ assets
Investment Characteristics
- Attractive pricing below replacement costs and large discount to peak values
- Preferred minimum size of $5 million
- High barriers to entry and supply constrained markets
- Value-add or deeply discounted properties
- Single assets or portfolios
Investment Situations
- Lease up and/or repositioning strategies
- Debt purchases
- Direct from developer or lender/special servicer
- Buy-back partially sold condos to lease out and control the HOA
- Work-out and restructure Debt/Ownership/Tax with developer/lender
Targeted Goals and Securities Disclaimer
Targeted refers to a goal that may or may not be attained based on a variety of assumptions that may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment.
No Offer of Securities; Disclosure of Interests
Under no circumstances should any material or information contained herein be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of a confidential offering memorandum relating to the particular investment.
Access to information about investments with projects undertaken by Countrywide Capital Group, LLC, Countrywide Housing Fund 1, LLC, or any of their respective affiliates is limited to investors who qualify as accredited investors within the meaning of the Securities Act of 1933, as amended. Investment outcomes vary. Past success does not guarantee future results. Historical return details are available.
No Offer of Investment, Legal, or Tax Advice
The material contained herein is general information for educational purposes only. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions.
Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment. Prior to making any investment, you should consult with a licensed investment advisor, financial advisor, and legal and tax advisor.
CCG Fractured Condo
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Targeted Goals and Securities Disclaimer
Targeted refers to a goal that may or may not be attained based on a variety of assumptions that may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment.
No Offer of Securities; Disclosure of Interests
Under no circumstances should any material or information contained herein be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of a confidential offering memorandum relating to the particular investment.
Access to information about investments with projects undertaken by Countrywide Capital Group, LLC, Countrywide Housing Fund 1, LLC, or any of their respective affiliates is limited to investors who qualify as accredited investors within the meaning of the Securities Act of 1933, as amended. Investment outcomes vary. Past success does not guarantee future results. Historical return details are available.
No Offer of Investment, Legal, or Tax Advice
The material contained herein is general information for educational purposes only. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions.
Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment. Prior to making any investment, you should consult with a licensed investment advisor, financial advisor, and legal and tax advisor.
