Jeffrey Kale Flagg Announces Q2 2012 American Redevelopment Fund Financial Report
American Redevelopment Fund COO Jeffrey Kale Flagg has released 2nd quarter 2012 financial information regarding ARF/ Von Investing, Inc.'s investor earnings.
- Reno-Sparks, NV (1888PressRelease) October 17, 2012 - Jeffrey Kale Flagg announced that the American Redevelopment Fund earned a 12% annualized profit for investors for the second quarter of 2012. In addition to this remarkable ROI, American Redevelopment Fund has been granted an additional million dollar plus credit line - allowing the firm to procure additional properties at 50% Loan to Cost. This increase in credit was reviewed and approved by Mike Wachtell, Esq., American Redevelopment Fund's legal counsel. Jeffrey Kale Flagg said that loan closings have remained smooth with the added credit line.
Jeffrey Kale Flagg stated that American Redevelopment Fund has a collective gain in equity of over $1.2 million USD. This surge in investor dollars is directly related to the American Redevelopment Fund's due diligence investors' confidence. According to the American Redevelopment Fund's Chief Financial Officer, Michael Harman, CPA (who reports to the Fund's Manager, Jeffrey Kale Flagg) the operation covers auctions with an experienced staff of buyers who are specially trained to spot a deal, determine if a property is expected to return minimum yields and most importantly, sell quickly at or above projected sales prices.
As an investor we all know that buying a house and selling it for a 20% return quickly enough to be able to repeat the process 3 or 4 more times before year end is far more preferable to only buying and selling once. Which, per Jeffrey Kale Flagg, is the mantra of the American Redevelopment Fund: the quicker and more often we can flip well, the better our returns.
Per Jeffrey Kale Flagg, the American Redevelopment Fund's baseline (or minimum projected return per property) is 10% with 120-day turns so the Fund can be assured of a minimum 30% annualized IRR. The Funds' first and second quarter results, plus what it has in the pipeline, has doubled and tripled that baseline.
Jeffrey Kale Flagg pointed out that the American Redevelopment Fund has the manpower to cover up to 10 auctions per day.
As of the June 30th, 2012 report, Jeffrey Kale Flagg noted that American Redevelopment Fund had 5 properties on its books. Three of these were in the construction phase while one property was in escrow. The final property on record sold shortly after the initial report, stated Jeffrey Kale Flagg.
Jeffrey Kale Flagg thanked all of the investors and partners on behalf of American Redevelopment Fund and continued by stating that the Fund's success is paramount to a transparent and open relationship between all concerned. He said that American Redevelopment Fund has outperformed expectations and invited both current and new investors to contact the firm to discuss furthering their position with American Redevelopment Fund.
According to Jeffrey Kale Flagg and Fund CFO Mike Harman, CPA, as of the end of Q2 2012, if the American Redevelopment Fund liquidated only its current assets, it would produce a 47% annualized yield and is proud to represent a fund with this type of growth despite concerns of a European financial crisis as well as a global recession.
Jeffrey Kale Flagg may be reached via Von Vesting/American Redevelopment Fund at 916.625.0235
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