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Last Post: 7/8/2014 11:44:46 AM - Followers: 78 - Board type: Free - Posts Today: 0
A CLEAN SLATE, INC.
 
DRWN

 
~ Float 86 Million ~ 

New Website
cleanslateinc.com
 
3587 Highway 9N
Freehold, New Jersey  07728
 Phone: 732-625-1884


Hard Money

HARD MONEY   is a real estate mortgage made on a property where the mortgage is at a low amount as compared to the very realistic price of the real estate for a "quick sale." An example would be a $50,000 mortgage on a $100,000 house.  People almost always make make their mortgage payments on $50,000 mortgages if the house is indeed worth $100,000.  This is compared to a $93,000 mortgage on a $100,000 house.  This last example is typical of the problematic loan. The home owner stops making payments because the value of the house might only now be $75,000.

ACSI would like to buy this house for $60,000 and rent it for a few years and eventually sell it for $100,000.  The lender would sell the house for $60,000 because he does not want to maintain the house and bother with it for years and eventually get the lower price anyway.  A lender  would rather loose the difference between his original $93,000 mortgage and $60,000, take $33,000 and quickly move on.






Seeking Acquisitions

ACSI is currently in the market looking to acquire:

  • All types of Commercial & Residential Properties
  • Individual mortgages at discounts or low loan to present value
  • Portfolios of mortgages priced with attractive discounts and yields
  • Non performing mortgages
  • Owner held mortgages with attractive discounts and yield



The Opportunity

The subprime mortgage crisis was a precursor to the so-called 'Great Recession' that started in 2007.

Many will recall the US property boom that started in the mid-90s and continued for more than 10 years. With hindsight, we now understand that the boom was facilitated by irresponsible lending practices that allowed less-than-qualified borrowers to purchase property. The debt generated by lenders was underwritten by the mistaken belief that capital gains would outweigh otherwise unmanageable debt burdens. However, as interest rates rose in 2005, the market witnessed declines in housing prices, leaving many borrowers unable to keep up with repayments on their mortgages. Defaults began to soar, inventories increased, and prices fell even faster, thus generating a 'crash' of mortgage-backed securities, private sector investment and public sector credit.

As seen in other countries with similar scenarios, the US property market has left lending institutions with crippling debt from non-performing real estate assets. The situation has proved increasingly difficult to resell in a market starved of available credit and oversized inventories. Worse yet, the lenders were further hobbled by capital needed to keep the assets in reasonable repair.  In the news media, the assets were nicknamed "toxic assets" because the perception was that nobody wanted the properties.

ACSI believes in America's Real Estate Future.

Distressed asset opportunities with US banks and other lending institutions now exceeds $1 trillion (USD). Many institutions are facing huge potential write-downs; others face a crisis of liquidity as they are unable to either process the current volume of foreclosures and deal with the ballooning inventory of non-performing assets. Generally speaking, lenders are now facing a line in the sand: sell selected assets at ultra-deep discounts with liens (legal claims on a property) removed in order to restore positive cash flow and true profitability.

Borrowing from the old adage, one persons toxic asset is another persons golden opportunity. Five years (plus) after the Great Bubble popped, a unique investment opportunity has emerged. Investors of all ranges (e.g., small cash funds, large equity accounts, institutional) can enter this demand-side marketplace to restore assets and generated significant profits. Prices are still dropping for these assets as the number of cash buyers for these assets are dwindling.  This has created a unique environment for investors with cash to make profitable investments in this distressed space.

ACSI purchases properties where the occupant/owner has stopped making payments by offering a reduced cash settlement to the lender.

ACSI will deal with the property occupant.  Many lenders are inclined to take cash quickly as they can take the loss quickly and reinvest the proceeds immediately as their money is again generating income eliminating the "write down" process with regulators. ACSI lends money at 50% of the present 2012 deflated value.

ACSI will rents the property immediately and generate cash flow so as not to step into the problems of the lenders.

Find out how you can participate.Executive Summary of

Investors

A Clean Slate, Inc  (ACSI, traded as DRWN) was established as a buyer of distressed real estate and distressed mortgages.  The company will also make hard money loans for residential real estate and small commercial properties. The properties that the company acquires will be rented immediately in order to maintain positive cash flow on all assets. 

Why is ACSI in this market?

Toxic Assets  is a term created out of the sub prime mortgage crisis, which preceded the worldwide recession that began in 2007.  During the US property boom of the middle of the last decade, irresponsible lending facilitated borrowers purchasing property-based debt under the mistaken belief that perpetually increasing real estate values would outweigh otherwise unmanageable debt burdens.

As interest rates began to rise around 2005, the market witnessed a sharp decline in housing prices, leaving many borrowers unable to keep up with payments on their mortgages.  Defaults began to soar, with a domino effect on mortgage-backed securities, and private sector investment.   The property market in the US consequently collapsed leaving lenders with crippling debt in the form of real estate assets having less value than their mortgage debt.  These assets were named "Toxic Assets."

US banks and other lenders now have approximately $1 Trillion in existing and potential write-downs and the majority are in the midst of a liquidity crisis themselves.  Lenders and banks are now trying to sell the properties that they now own which came from the bad loans they initiated.  Prices are still dropping for these assets as the number of cash buyers for these assets are dwindling.  This has created a unique environment for investors with cash to make profitable investments in this distressed space.

ACSI's plan rents the house immediately and generates cash flow so as not to step into the problems of the lenders. ACSI lends money at 50% of the present 2012 deflated value.

Executive Summary

A Clean Slate, Inc  (also referenced as ACSI, but traded under the symbol DRWN) was established as a buyer of distressed real estate and distressed mortgages.  The company will also make hard money loans for residential real estate and small commercial properties.  The properties that the company acquires will be rented immediately in order to maintain positive cash flow on all assets.  ACSI  will make hard money loans at 12% per year, generating 1% per month to ACSI.  Yields to ACSI  increase with aggressively prudent purchases.

Mailing Address: 3587 Highway 9N, Freehold NJ 07728

Phone: 732-625-1884

General email: admin(at)cleanslateinc.com

CLICK HERE for additional disclosures regarding A Clean Slate, Inc. (ACSI, traded under the symbol DRWN).

Web Page's
http://cleanslateinc.com
www.acleanslatecorp.com


DRWN Security Details:  www.otcmarkets.com

Share Structure                 a/o June 11, 2012        a/o Jan 30, 2012      

Authorized Shares               4,000,000,000            500,000,000
Shares Outstanding            1,242,898,915             335,270,635
Float                                      86,152,692                 80,020,635



 

 


 

 

 

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DRWN
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PostSubject
#5489   I recently received an e-mail response from the kaitnick1 07/08/14 11:44:46 AM
#5488   This is the next destination for krew2 eyeseeu 06/24/14 08:17:45 PM
#5487   over 3m in vol 6/10 getmoreshares 06/10/14 05:24:12 PM
#5486   Over 1.2 Bil, I think. hh718 05/17/14 01:46:21 AM
#5485   Hard to get shares huh CHILI, WOW what Volume!! Hedgebunny 05/16/14 04:57:21 PM
#5484   OMG, THis could big EPIC BRO??? Hedgebunny 05/16/14 04:56:33 PM
#5483   I think it's a Meager 500 million maybe??? Hedgebunny 05/16/14 04:55:34 PM
#5482   OH IT"S TRADING TOUGH INSIDER STUFF!!! Hedgebunny 05/16/14 04:54:16 PM
#5481   Well I guess I'll leave and put my doumdirty 05/16/14 03:36:15 PM
#5480   Some nice volume today. kaitnick1 05/16/14 10:55:28 AM
#5479   6.5 M volume Tues-just for the record. getmoreshares 05/13/14 06:59:49 PM
#5478   Hedgebunny, you need to examine your Universal position. hh718 05/11/14 12:53:12 AM
#5477   Insiders over here CHILi,.. lmfao Hedgebunny 05/08/14 09:52:17 AM
#5476   One trade 500k shares. has PREloading begun??? getmoreshares 04/30/14 07:01:24 PM
#5475   What's the share structure here? Chili Palmer 04/25/14 06:38:52 PM
#5474   Another sissy ask slap for $0.20 worth of RoxVox 04/25/14 01:13:29 PM
#5473   did you ever get a response from the JFR32988 04/24/14 08:49:55 PM
#5472   Another trade of $0.20 worth of shares.... pointless RoxVox 04/23/14 09:58:22 PM
#5471   Slowly but surely JFR32988 04/22/14 12:02:42 PM
#5470   1000 shares?? Cost more to make the trade... RoxVox 04/22/14 11:10:07 AM
#5469   As long as there is a strong finish RoxVox 04/21/14 10:26:40 PM
#5468   Slow start today JFR32988 04/21/14 10:13:45 AM
#5467   Its going to happen.... she will pop again! RoxVox 04/17/14 10:22:53 PM
#5466   I'm all for that. I recently try to kaitnick1 04/17/14 01:03:46 PM
#5465   Come on baby...pop!!! RoxVox 04/17/14 11:10:29 AM
#5464   Ready for it...game on RoxVox 04/16/14 06:43:54 PM
#5463   IMO we will see an alert or P&D soon. getmoreshares 04/16/14 06:01:20 PM
#5462   At these levels it won't take much to RoxVox 04/16/14 05:35:18 PM
#5461   Truthfully, I don't know. I'm going on hh718 04/15/14 05:40:47 PM
#5460   Big dump today. Could be dilution happening here. kaitnick1 04/15/14 04:22:02 PM
#5459   Most of todays volume was still at .0001. RoxVox 04/14/14 05:41:08 PM
#5458   Another big day in volume at .0002's. kaitnick1 04/14/14 03:00:10 PM
#5457   Is the company still in this business? kaitnick1 04/14/14 02:59:06 PM
#5456   Some more volume today. Has anyone heard kaitnick1 04/14/14 02:58:12 PM
#5455   Some life here. Any rumors out there? kaitnick1 04/11/14 04:22:26 PM
#5454   Potential explosivity. Distressed Florida real estate. hh718 03/18/14 08:09:55 PM
#5453   What's going on here? penniestomillions 03/04/14 02:45:40 PM
#5452   There have been some big buy days @.0002 KeepitGreen 03/04/14 01:12:34 PM
#5451   Strong buys here & not much at .0002, PENNYMACHINE 03/04/14 12:51:43 PM
#5450   Richard Armstong is a big crook! The gerardharyman 02/26/14 03:06:32 PM
#5449   Will be flipping this like a middle finger N0vember 02/20/14 08:05:47 PM
#5448   What's going on here??? penniestomillions 02/20/14 08:04:54 PM
#5447   Look,,,, there was some kind of blip today... starman2 02/19/14 06:41:13 PM
#5446   I had 5,000,000 shrs of SKTO when it mymymy 02/18/14 01:32:29 PM
#5445   Accumulation at .0001. Maybe sells but also buys buckwheat112 02/16/14 04:28:34 PM
#5444   Based on the actual buys... I only see FIREFLIER 02/16/14 03:28:24 PM
#5443   Like the footprint here and appears to have pipejaws 02/16/14 10:12:27 AM
#5442   Buying in Tuesday! Big things popping. pipejaws 02/15/14 06:27:28 PM
#5441   Me too! getmoreshares 02/15/14 06:25:46 PM
#5440   We gotta wait till Tuesday for L2 #'s KeepitGreen 02/14/14 07:22:22 PM
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