There’s a new platform that is aimed at answering the continuing condo sales issue in the US. Made for developers who are tight on money, BulkCondoDeals.com offers a confidential avenue to sell condos en masse.
Co-Founder Richard Swerdlow explained:
“Confidential deal posting and non-disclosure agreements, which are executed prior to investors being granted deal access, eliminates public view and the disclosure of distressed asset pricing.”
To help developers recapitalize on their overflowing inventory, the platform has put incentives in place, including significant discounts- up to 50% off of market-rate prices.
Bulk Condo Deals™ CEO, Bruce M. Goldstein, explained:
“There are significant opportunities for cash investors with carrying power to take over developer units and loans, reposition the inventory and re-sell to end-users.
“Most importantly, the deals are all posted confidentially, allowing sellers to maintain their retail sales channels and avoid the appearance of distress to the financial markets.”
The goal is to continue the flow of cash for investible property across all markets around the world. Inventory has been tight in the wake of the pandemic. Consumers are still buying but there isn’t enough on the market to answer that call in the US. There’s a chance this could tip the scale.