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Beverly Hills based Alta Vista Companies to file for IPO for 'Real Estate Fund II' | |
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July 15, 2011 Steve Muehler, President of the Beverly Hills based Alta Vista Companies, today announced that the Company will be filing the S-1 with the SEC for a public stock offering of the Company's 'Real Estate Fund II' this month. Beverly Hills, C.A. - Mr. Steve Muehler of the Beverly Hills based "Alta Vista Companies", which is the parent company of 'Alta Vista Companies Real Estate Fund II Corporation', announced today that is intends to file a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The Company expects to use the net proceeds of the offering to increase its holdings of short-term residential real estate loans in the United States. "Alta Vista Companies Real Estate Fund II" is a real estate investment fund established by Alta Vista Companies in partnership with a pool of private investors, institutional investment firms and international investors. The fund will make first deed of trust interim construction loans to consumers throughout the United States that have an "end loan" guarantee from Fannie Mae or Freddie Mac. This program is designed for the borrower who wishes to obtain a first mortgage loan to construct or rehabilitate a primary residence or second home and has obtained a permanent financing loan approval from a branch of "Alta Vista Companies Mortgage Funding Corporation's" select Fannie Mae, Freddie Mac, FHA or VA Home Loan Programs. The program provides for both construction financing and permanent financing with a simple single loan closing, avoiding the traditional two loan closing process and the excessive fees associated with it. The borrower signs one set of loan documents that cover both the interim construction phase and the permanent loan phase. The borrower may choose from several Fannie Mae, Freddie Mac, VA or FHA Home Loan Products (Fixed and ARM) available through Alta Vista Companies Mortgage Fund Corporation and multiple rate lock options that offer a variety of features. The construction period can vary in length between 6, 9, and 12 months. Additionally, construction periods of 15 and 18 months are available for the 1-year Treasury ARM product. During the construction period, the loan will be interest only with interest payments paid from an interest reserve account. When the home has been completed, the loan will be converted to a permanent mortgage. Alta Vista Companies anticipate nationwide rollout of the program during the Fall of 2012. About Alta Vista Companies. Founded in 2008, Alta Vista Companies is a leading energy, biofuels, oil & natural gas, mining & mineral rights and real estate equity investment banking firm with offices in: California, Florida, Brazil and Canada. The Company's website can be viewed at: http://www.altavistacompanies.com To view a prospectus or for general inquiries, you may send an email to: LEGAL@AltaVistaCompanies.net A registration statement relating to these securities has been, or will be in the very near future, filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained for free, by visiting the SEC website at http://www.sec.gov. Alternatively, you may obtain a copy of the preliminary prospectus from Alta Vista Companies Attn: Prospectus Department, 9107 Wilshire Blvd, Unit 450, Beverly Hills, CA 90210, or by email at Legal@AltaVistaCompanies.net; All trademarks and service marks are the property of the respective parties. NEWS SOURCE: Alta Vista Companies Real Estate Fund II Corporation Source: http://www.1888pressrelease.com/beverly-hills-based-alta-vista-companies-to-file-for-ipo-for-pr-318812.html |
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