RedHawk Holdings Corp (fka SNDD)

[BL28]

1118 Jefferson St, Lafayette, LA 70501

The property Beechwood sold to Redhawk....

Has price estimates of $230k to $350k according to a number of real estate websites.

Beechwood attempted to sell it in 2011 for $489k.

The original 2008 purchase price is seemingly unavailable. But based on the market prices in 2008, it was probably much higher than the current value.

Now why would Redhawk want a property like that?

It's a 3br/2ba house that's being rented.

I wonder how much Beechwood received in the sale. I'd be willing to bet it was much higher than current market estimates.

There's a good chance Beechwood dumped an underwater property on Redhawk.

Now why would that be? To maximize profits for Beechwood? To get it off Beechwood's books and eliminate any liability?

Very interesting.

I wonder about the terms and values of the hotel "deal" which just happened.