recent announcements from gold watch investment group

 

  • Gold Watch Investment Group Launches Israeli Bond Program

 Gold Watch Investment Group www.goldwatchig.com  has aligned itself with the Tel Aviv office of global accounting power  BDO Seidman www.bdo.com  to help bring U.S. developers to the Israeli Bond Market to access a new source of competitive capital.  Bond proceeds can be used in many ways, from purchasing existing assets or development projects, to contributing equity on top of traditional bank financing or refinancing more expensive debt.  

 

  • Gold Watch Investment Group Arranges $13.5M Refinance of the Tri-Palms Country Club 

Scott Westover, Managing Principal of Gold Watch Investment Group negotiated a cash out $13.5 million dollar refinance of the Tri-Palms Country Club located near Palm Springs, California. The transaction was structured with a five year term and floating rate with a 3.75% interest rate floor. The property is a 114 acre resort development with a 27-hole golf course, club house, various club amenities and excess land earmarked for possible future development. Gold Watch Investment Group arranged financing for the borrower through its relationship with an institutional investor.

“By no means was this loan a slam dunk”, said Westover. “These days, Golf courses are a difficult asset class to get financed as golf rounds in America are trending down, maintenance costs are increasing and water restrictions in Southern California are only getting tighter. What made this deal attractive for our lender was the fact that several million dollars in HOA Recreation Fees are being paid to the Club by over 1,800 residents living around the facility. We were able to demonstrate to the lender that HOA revenue was consistent and substantial throughout the economic downturn. This made income from greens fees and the restaurant somewhat secondary.” Mr. Westover added that,”… the financial strength and experience of the borrower coupled with their comprehensive plan to upgrade the facility also helped get the investor over its initial concerns”.

  • Paying Market Price for NNN Retail Assets

Gold Watch Investment Group represents an all cash Buyer of NNN Retail assets across the country.  We are willing to pay Market Price for properties with 10+ yrs on the leases but, the asset needs to truly be “off mkt”.  The deal cannot be on LoopNet or other online listing services.  Our Client can write an LOI within 48 hours and is specifically seeking:

  1. Walgreen’s, CVS  and similar
  2. Retail Centers anchored by Publix, Stater Brothers, Kroger, Vons with 10+yr leases  OR Winn Dixie’s with less than 5yrs on the lease
  3. Big/Junior Box/Specialty Retail (Target, Staples, Big Lots, Pet Smart, Michaels, TJX, Dick’s, etc.)

 

  • Gold Watch REIT Looking To Expand Its Retail Portfolio

Our Client is seeking expansion opportunities in the USA with a particular interest in:

  1.  Purchasing existing shopping malls, outlet and community lifestyle centers  in urban to mid-tier suburban markets. The size of the asset should be no less than 125,000 square feet of GLA.
  2. Available land sites which could provide for retail development projects of 150,000 to 1,000,000 square feet. Sites should be well located, have highway or major road exposure, and provide adequate access for a development project.
  3. Providing investment partners the equity required to bridge the gap between existing loan payoffs and new debt proceeds.  Their equity can be treated as preferred equity or as partnership interest.



Gold Watch
Investment Group