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The Fountains of Largo is a condo community in Largo, FL. The current developer who converted the property into condos has 135 of 160 units remaining, which act as first mortgage collateral.
We believe the best opportunity is to acquire note/mortgage from Peoples bank and ultimately gain control of the remaining 135 units and operate as a rental with the ultimate goal of buying back the sold units, collapse the condo association and return the property to a 100% rental community.
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