| Collateral: | 40 Lots Acquired |
| Location: |
St. Mary’s
Georgia (10 minutes off I-95; 30 minutes to JAX Int airport)Directly across from historic
Cumberland Island and 17 miles of preserved undeveloped National Seashore |
| Real Estate: |
Coastal, extraordinary
boating, fishing and beach opportunities.
One of the best parcels of coastal Georgia real estate. |
| Condition: |
Finished Lots, three pools,
clubhouse, fitness center hardtru tennis courts, tremendous vegetation (live
oaks, palmetto, etc). New
developer will finish 100 partially finished lots, commence building program
and develop permitted and long promised marina
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| Primary Purchasers: | Permanent/Retiree |
| Total Number of Lots: |
1085 lots, 948 sold,
remaining 137 recently purchased by developer from Key Bank, with 45 homes
constructed
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