Located on Lake Catherine in Groveland, FL, this previously defunct and vacant 41 Finished single-family residential subdivision laid dormant for years prior to Friendly Capital’s acquisition. It was riddled with protected wildlife and trash, and was over grown and vandalized. Additionally, numerous governmental permits and legal concerns had to be rectified. Friendly Capital did so after a lengthy bureaucratic process and immediately sold the lots on a takedown (step sale) to Royal Oak Homes. The final takedown occurred in September 2014; Friendly Capital investors enjoyed a 25%+ IRR in one year.
