Why is Harvard Property Holdings LLC willing to pay such high returns?
There has never been a better time to buy houses in the Phoenix area. There are a record high number of foreclosures and “short sale” deals available, and the availability of short term capital is more important than the cost. We needed to move quickly to purchase from sellers who are willing to happily give us equity in homes for FREE in exchange for peace of mind or debt relief and we didn’t have time to go through banks because the process just takes too long.