$25 Million Fund to Invest in Nevada Real Estate Backed Assets
Las Vegas – August 11, 2009 – The Strategic Real Estate Opportunities (SREO), an investment company for real estate backed assets, including residential and/or commercial real property and mortgage loans secured by real estate, primarily in the State of Nevada, has been launched.
SREO, a Nevada corporation is offering two different subordinated notes, each with maturities of 48 months at either an interest rate of 17 percent per year, compounded annually or an interest rate of 13 percent annually, with interest paid monthly and principal paid at maturity. The minimum purchase is $25,000.
Craig Burr, President of SREO, said, “The economy, as challenging as it is, presents a remarkable investment opportunity and it is that prospect that prompted the development of the SREO.”
Mr. Burr said, “We intend to invest in real estate backed assets, including residential and/or commercial real property and mortgage loans secured by real estate, primarily in the State of Nevada, as well as real properties that are obtained through foreclosure.”
He pointed out that the SREO business strategy “is designed to generate revenue by investing in notes, debentures and bonds and other evidences of indebtedness or obligations that are collateralized by real property.”
Mr. Burr said, “We believe our investment strategy, especially in this economy, is on target and that there is a significant opportunity in Nevada.”