From: "Charles Hamilton" 
Newsgroups: biz.marketplace.real-estate
Subject: Resort Condo Conversion Sandusky, OH
Date: Wed, 01 Jun 2005 19:22:34 -0500

Wholesale Offer
In an independent Complete Self Contained Appraisal dated May 5, 2005, =
the following figures have been established for our Mertz project:

=B7                                 Retail Value (individual unit sales) =
                                   $975,000=20

=B7                                 Wholesale Value (finished project =
liquidation)                 $825,000=20

=B7                                 Exposure Time (individual unit =
sales)                               6 - 18 months=20

For a limited time, we are offering the completed project at the =
Wholesale Value of $825,000. However, individual units will be offered =
for sale. This offer expires upon the sale of an individual unit. =
Estimated completion of the project is late July, 2005.

Based on the information above, investment returns can be estimated as:

=B7                                 Annual rate of return for 6 month =
exposure                      33.88%=20

=B7                                 Annual rate of return for 18 month =
exposure                    11.19%=20

Please take the time to view the project information by following the =
links to the left. Contact us for additional information.

The appraisal referenced was used for a construction loan to finish the =
project. The appraisal was commission by the lender and is an =
independent analysis of the project.

Details at www.northcoastholdings.com/wholesale


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North Coast Holdings LLC
440-331-2019
info@northcoastholdings.com