An LLC controlled by KeyBank has selected Randy Coe, Michel Faris, and Winn Galloway of Park Place Land Advisors to market a multiple property portfolio in the Victor Valley.  The portfolio consists of a mix of finished lots and final mapped lots in Hesperia, Victorville and Adelanto.  The REO portfolio consists of broken builder loans [...]

An LLC formed by ING Bank has disposed of 17 units of standing inventory, 51 finished lots, and 36 rough graded lots in Victorville.  The Buyer is rumored to be the Nejedly Trust of Riverside, CA.  Recorded information shows that the the deal closed escrow on July 10.
The project is located east of 7th Avenue [...]

American Property Enterprises has closed another distressed asset deal.  The property consists of 294 paper lots located in Victorville.  The seller was Bank of America.  The land is located east of Aster, 1/2 mile north of Bear Valley, in Victorville.  The site is +/-80 acres.
We previously reported American Property Enterprises having re-purchased one of their [...]

Sperry Van Ness – Mimi Song Realty Group, Inc. is pleased to announce the successful closing of 115 finished lots located in the City of Victorville.  The Buyer in the transaction was Legacy Homes (Lorie Deem, President Southern California).  The Seller was Sterling Savings Bank. The lots are located in the West Creek Specific Plan.
As [...]